India`s workers get biggest pay rise

[OhioChick]

Source: Business Standard

November 06, 2007

Indian companies are giving their staff the biggest salary increases in the world, according to a survey that is likely to fuel concerns over wage inflation in one of the fastest growing economies.

Indian employees are estimated to have received an average salary increase of 14 per cent this year. The rate is expected to be maintained with 2008 settlements forecast to average 15 per cent. That compares with an anticipated annual inflation rate of 5.7 per cent this year and 5.4 per cent in 2008.

The survey covered more than 4,000 companies worldwide and was conducted over two months by Towers Perrin, a human resources advisory company.

The survey showed Indian salary rises virtually across the board, from executive to production floor, far outstripping those in China, the other powerhouse of the Asian economy.


Read more: http://www.business-standard.com/economy/storypage.php?leftnm=lmnu2&subLeft=1&autono=303339&tab=r

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Must be nice......

[Deja Q]

1. Opportunity envy.

And damning proof they are not being exploited.

[madrchsod]

2. 10-15 cents per year in the usa

after one has reached the wage cap....