In Asia, real wages are expected to rise by 4.2 percent – the highest globally. The largest real wage increases are forecast in Vietnam , China and Thailand.
Despite China’s economic slowdown, coupled with plummeting stock markets and reduced exports, workers in the country are set to see an 8 percent salary boost in 2016 as the middle class continues to grow and demand for skilled workers climbs.
In the Middle East and Africa , relatively low inflation has offset the effects of the low oil price and political turmoil, giving workers real wage increases of 3.8 percent and 1.6 percent, respectively.
“Asia continues to drive growth in wages globally as companies look set to increase wages. However, the global labor market is in flux as the aging workforce in advanced economies begins to take hold. In emerging economies, upskilling workers is crucial for companies to maintain competitive advantage and those skilled employees can expect to see wages rise as talent shortages in certain regions drives salaries up,” Spriet added.
Source : CNBC