The ongoing boost in Asian economy has brought fruitful results for Asian employees in terms of their salary hikes. According to a survey commissioned by human resources firm ECA International, wages are expected to grow with an average of 3.6 per cent in Asia this year, a 50 per cent jump from 2.4 per cent in 2006.

Workers in the India associated with IT and outsourcing business will be the chief beneficiaries as wages are expected to climb at 7 percent in India, followed by Indonesia and China, where it is predicted at about 6 per cent.

Robust economic growth of Asia has also won the confidence of private bankers like Merrill Lynch/ Capgemini bet, which are flocking in the region to grab this sudden surge. As per an estimate, the wealth of Asian millionaires may hit $10.6 trillion in 2010.
Lee Quane, ECA’s Hong Kong-based general manager, was quoted as saying:

There is too much money chasing after too few managers, so companies have to throw more money at their managers to get them to stay.

Industry veterans believe that shortage of talent and low inflation rate in the region has played a vital role in salary hikes, which is expected to take manifold in the near future.

Via:Indianexpress