According to ECA's Salary Trends Survey 2011-2012, global pay growth will rise next year despite the economic crises in Europe and the United States. In Asia Pacific, fast-growing economies are taking the lead, with Hong Kong ranking ninth out of 14 for nominal salary growth, and 13th for real salary growth.
The survey - by London-based ECA International, a leading human resources management firm - was based on data from 273 multinationals across the manufacturing, services and non-profit sectors, from 60 countries.
In light of Hong Kong's 1.7 per cent decline in real salaries this year, the city's employees will be somewhat relieved at the survey's findings, which project a pay rise roughly in line with inflation at 4.5 per cent - meaning salaries will stay flat in real terms.
This expected rise in nominal salaries can be interpreted as a clear but cautious sign of confidence