Compensation and benefits

Report: 2018/2019 Salary Increase Survey

Aon runs the annual Salary Increase Survey in 132 countries across the globe. This year, 14,037 employers participated in the survey—including 4,150 organisations in Asia.

The 2018/2019 Annual Salary Increase Survey reports are now available for purchase.

Key Features

  • Compelling source of information for global budget planning and understanding local compensation practices

  • Budgets reported by industry, revenue, and number of employees for all levels

  • Discover trends on salary structure and promotional increases, including real wage growth (referring to salary increase rate adjusted for inflation rate)

  • Understand variable compensation design trends and spending, pay delivery management strategies, retention, and turnover ratios

  • Find how you can develop effective pay for performance strategies for your top performers

Types of Data Collected

  • Overall, merit, mandatory, and general salary increase budget

  • Mandatory merit increases granted

  • Salary structure and promotional increases

  • Overall compensation practices, including pay delivery management, retention practices, turnover, HR budgets, and variable pay spending

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Highlights

  • Singapore: Salary increase rates are expected to come from sectors that are more labour-intensive. In the financial industry, for example, recruitment is higher than resignation and could push up wages as employees seek higher pay by switching companies or jobs. As a result, real wage growth of 2.0% in 2018 is expected to rise to 2.9% in 2019.

  • Malaysia: The new government’s economic policies and oil prices will have a big impact on GDP growth rate as well as Malaysia’s attractiveness as an investment destination. This is expected to drive salary increase rates up, from a real wage growth of 2.1% in 2018 to 2.8% next year.

  • Thailand: As a key manufacturing base for Asia, Thailand still remains competitive in terms of labour cost and will continue to experience robust salary increases with real wage growth of about 3.7%.

  • Vietnam: With a population of nearly 100 million people, Vietnam is a ‘magnet’ for foreign manufacturing investments as labour supply remains cheap. The market saw a real wage growth of 3.6%, partly due to increases in minimum wage set by Vietnam’s National Wage Council.

Purchase the report that's right for your organisation

Type of Package

Description

Price Before Applicable Taxes (USD)

Standard

Full Country Report Covering All Participating Companies

500 per country

Select

Standard Report + 1 Peer Group Selection

800 per country

Bundle 1

Standard Report for 3 Countries Or More

400 per country

Bundle 2

Select Report for 3 Countries Or More

640 per country

Download a sample country report


 

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Get in touch
Ronak Marolia
Ronak Marolia
Singapore
Rachel Jayaprakash
Rachel Jayaprakash
Kuala Lumpur, Malaysia
Panuwat Benrohman
Panuwat Benrohman
Bangkok, Thailand