As per the survey conducted by global human resources consulting and outsourcing firm Aon Hewitt,
India would see the highest salary increase in the Asia Pacific region, followed by China 9.5% and the Philippines 6.9% salary hikes. Among other Asia Pacific nations, Australia is likely to see a modest 4.6% hike, Hong Kong 5%, Japan 2.8%, Malaysia 6.2% and Singapore 4.8% respectively, in 2012.
In India, the general/entry level staff are likely to get 11.8% salary hike, while junior manager level will see 12.3%, middle management 12% and senior management 11.1% increase this year.
In terms of sectors, pharmaceutical space is likely to witness a 13.3% salary hike for 2012, followed by engineering design/services projects at 13%,Infrastructure with 12.9% and heavy engineering and FMCG sectors with 12.4% hike , Information Technology (IT) and outsourcing sectors would see salary hikes of 11.9% and 11.8%, respectively, despite the continuing concerns over the impact of a weak global economy.
Telecom and Financial Institutions are projected to see lowest salary increases for 2012 at 11% and 10%, respectively, plagued by various regulatory hurdles, policy issues and the slowdown in the global economy.
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