India Will See Better Saalary Hike than China & Pakistan 2023: Survey. Get all the facts here for detailed information.
According to a report, India will experience the largest increase in wages worldwide in 2023, followed by Vietnam and China.
Only 37% of nations anticipate reporting growth in real wages, as next year's compensation rises will be severely curtailed by skyrocketing inflation.
According to a poll by workforce consultancy ECA worldwide, India will experience the biggest global salary growth in 2023,
with a 4.6% increase. Eight of the top 10 countries where real wages are expected to rise are Asian countries.
This occurs in 2022, a year in which average incomes decreased by 3.8%.
According to Bloomberg,.......
......the ECA's compensation trends survey is based on data gathered from more than 360 global corporations across 68 countries and locations.
While the biggest pay increases are anticipated in India, Vietnam (4.0%), China (3.8%), Brazil (3.4%), and Saudi Arabia (2.3%) in 2023,
......the highest wage declines are anticipated in Pakistan (-9.9%), Ghana (11.9%), Turkey (14.4%), and Sri Lanka (20.5%).
Only 37% of countries are anticipated to record genuine compensation gains, according to the survey,......
.....as skyrocketing inflation would severely hamper wage growth in 2023. Europe is most likely to have been the worst-hit area.