Print this article

10 nations where most businesses will offer salary hikes

Last updated on: April 4, 2013 10:30 IST

The good news for the global economy is that two-thirds of businesses (66%) are planning to offer workers a pay rise at least in line with inflation, says a Grant Thornton International Business Report report.

Employees in Latin America (86%), the Nordic region (84%),North America (79%) and South EastAsia (75%) are most likely to get a pay rise in 2013.

Workers in the Eurozone (56%), especially in Southern Europe (35%), are least likely to get a raise, says the Grant Thornton report. In fact, 31% of businesses in Greece and 10% in Spain plan to reduce salaries over the next 12 months.

Take a look at the 10 countries where maximum number of businesses are set to offer 'real' salary increases (those above the rate of inflation)...

Click NEXT to read more...

10 nations where most businesses will offer salary hikes

Last updated on: April 4, 2013 10:30 IST

Thailand (Rank 1)

Thailand tops the rankings with 42% of businesses planning to offer salary hikes in the next 12 months.

Click NEXT to read more...

10 nations where most businesses will offer salary hikes

Last updated on: April 4, 2013 10:30 IST

Peru (Rank 2)

Percentage of businesses offering a salary hike: 29%

Click NEXT to read more...

10 nations where most businesses will offer salary hikes

Last updated on: April 4, 2013 10:30 IST

The moon rises above buildings in Salvador, Brazil.

Brazil (Rank 3)

Percentage of businesses offering a salary hike: 29%

In Brazil, interest rates have fallen to record lows with the central bank apparently tolerating inflation above 5% in a bid to stimulate the economy.

Click NEXT to read more...

10 nations where most businesses will offer salary hikes

Last updated on: April 4, 2013 10:30 IST

Employees work at their desks inside Tech Mahindra office building in Noida on the outskirts of New Delhi.

India (Rank 4)

Percentage of businesses offering a salary hike: 28%

India is among countries that offer higher salaries and higher selling prices, suggesting the central bank will have to closely monitor an inflation rate.

Click NEXT to read more...

10 nations where most businesses will offer salary hikes

Last updated on: April 4, 2013 10:30 IST

Ruben Torres, dressed in a Santa Claus outfit, and fishermen wave to people from a boat on Christmas Eve along the coast of Valparaiso city, about 121 km (75 miles) northwest of Santiago.

Chile (Rank 5)

Percentage of businesses offering a salary hike: 28%

Rising inflation over the next 12 months is a big challenge in Chile.

Click NEXT to read more...

10 nations where most businesses will offer salary hikes

Last updated on: April 4, 2013 10:30 IST

Turkey

Percentage of businesses offering a salary hike: 26%

Turkey faces a wage-price spiral, a vicious cycle where the two sides of the wage bargain (employers and employees) try to keep up with inflation to protect real incomes (profits and salaries).

Click NEXT to read more...