The Hindu Business Line : Hewitt launches Asia-Pacific salary increase survey

Hewitt Associates, a human resources company, on Monday announced the launch of the Hewitt Asia-Pacific Salary Increase Survey 2006-07, which examines compensation, performance, variable pay, and long-term incentive trends and attrition rates throughout the region.

The study, to be completed by October 2006, will help companies determine their salary and reward strategies in the Asian region.

Mr Nishchae Suri, head of Hewitt's Talent and Organisation Consulting Analytics practice in Asia, said: "With the rapid onset of globalisation, the war for talent has intensified in the Asia-Pacific in recent years, and today companies are finding it increasingly difficult to attract, motivate and retain the best talent. As such, smart organisations are further strengthening their reward management practices and globalising pay strategies to enhance productivity, while keeping skilled talent within regional boundaries."

The study surveys more than 1,500 foreign, locally owned, and joint venture companies.

Conducted in Australia, China, Hong Kong, India, Japan, Macau, Malaysia, the Philippines, Singapore, South Korea, Taiwan and Thailand, the study measures actual and projected salary increases and compensation practices for five specific job categories, namely senior/top management, manager, professional, supervisor, technical, clerical, support, and manual workers.

Originally launched in the US 30 years ago, the study today spans more than 35 countries and represents the compensation practices of over 4,000 organisations around the world.

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