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Southeast Asia Salary Increases 2024
Aon's study projects significant salary increases in Southeast Asia in 2024, with variations across countries and sectors. Hiring and retention challenges are also highlighted.
Arabic
United States
EconomyLabour MarketBusinessAsiaJobsSalary
Aon
Raul Chawla
- What are the projected salary increases for specific sectors in certain countries?
- Within specific sectors, Vietnam's technology sector will see a 7.5% increase, while Indonesia's manufacturing sector will see a 6.9% increase. Malaysia's consulting, business, and community services will experience a 5.9% rise.
- What are the key findings of the Aon study regarding hiring and retention challenges?
- Aon's study indicates that 64% of companies reported challenges in hiring or retaining employees, and one in three companies plans to increase their workforce by 5-25%.
- Which sectors in Southeast Asia are projected to have the highest and lowest salary increases?
- The technology and manufacturing sectors are projected to receive the highest salary increases, at 5.8%, while energy, finance, and transportation will see the lowest increases, below 5%.
- What advice does Raul Chawla from Aon offer to companies regarding attracting and retaining talent?
- Raul Chawla, a contributor at Aon, highlights the increasing risk for companies failing to attract and retain high-skilled employees, emphasizing the importance of data-driven approaches to understand market trends and cost-saving opportunities.
- Which Southeast Asian countries are expected to see the highest salary increases in 2024, and what are the projected percentages?
- Vietnam is expected to see the highest salary increase at 6.7%, followed by Indonesia at 6.3% and the Philippines at 5.8%.