India set to witness highest salary hike in the world in 2023
Soaring inflation is set to put a major dent in salary increases for the second year running in 2023, according to a new survey that sees just 37% of countries globally expecting to report real-term wage hikes.
The worst-hit region is likely to be Europe, where real salaries — nominal wage growth minus the rate of inflation — are seen being driven down an average 1.5%, according to workforce consultancy ECA International.
These are the top 10 countries and their predicted real-terms salary increases in 2023:
- India (4.6%)
- Vietnam (4.0%)
- China (3.8%)
- Brazil (3.4%)
- Saudi Arabia (2.3%)
- Malaysia (2.2%)
- Cambodia (2.2%)
- Thailand (2.2%)
- Oman (2.0%)
- Russia (1.9%)
Read more at- https://economictimes.indiatimes.com/jobs/india-set-to-witness-highest-salary-hike-in-world-in-2023-pakistan-among-lowest-five/articleshow/95106398.cms
Learning –
Our motive to share this news is to build the Never give up attitude in you!
As Indians, We should be proud of the development our nation is making, many of us have lost jobs or have got reductions in our salaries during the pandemic.
Cheer up! Good times are coming.
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