INTHEBLACK December 2021 - Magazine - Page 13
SALARIES TO RISE
ACROSS ASIA-PACIFIC
IN 2022
As a fast-growing region, markets in
APAC will see the highest 2022 salary
increases, according to a survey by
Willis Towers Watson, while countries
in North America and Western Europe
are expected to stay flat. The survey
shows companies in APAC are projecting
average salary increases of 5.3 per
cent for executives, management,
professional employees and support staff
next year. This is up from the average
4.9 per cent increases employees
received this year.
Emerging markets, such as India and
Indonesia, are forecasting the biggest
increases for 2022 compared with 2021,
at 8.8 and 6.5 per cent, respectively.
70%
OF GENERATION Z GLOBALLY
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Source: Truth About Gen Z study by
McCann Worldgroup
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