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Our Bureau

Chennai , July 20

INDIA had the maximum average salary increase of around 10 per cent in Asia-Pacific in 2005, according to a study done by Watson Wyatt Asia Pacific, which provides services in the areas of human capital.

The Indian business process industry had the maximum average salary increase of around 15 per cent, followed by high-tech, engineering and logistics and shipping, Mr Greg Sargeaunt, Managing Consultant, Data Management Centre, Hong Kong, Watson Wyatt, said.

Drawing a parallel between India and China, two of the fastest growing markets in Asia-Pacific, Mr Sargeaunt said compensation levels in China were lower than India. The Chinese had an average increase of 6-8 per cent, he said at Summit HR 2005, a two-day conference organised by the National Association of Software and Service Companies. Soon the operational cost in Beijing and Shanghai in China will be as much as in Hong Kong. Every week around 1,000 new companies come up in Shanghai and an equal number of them close down in a week. This is because of labour movement, he said.

According to Mr Sargeaunt, in India, the compensation level has been cited as the number one reason for employees leaving their jobs. Globally, companies are putting a strong emphasis on profitability and demand on employees to perform at higher levels would continue to grow, he said.

Prof Bala V. Balachandran, J.L. Kellogg Distinguished Professor of Accounting Information and Management, Kellogg Graduate School of Management, advised companies to adopt his 4-Ms — Measure (both revenue and cost correctly), Monitor (movement of both revenue and cost), Manage (for action plans, yield management, thru-put management and activity-based management) and Maximise profitability using the three. In his keynote address at the summit, Prof Balachandran said companies should focus on product innovation and excellence, operational excellence and customer intimacy to achieve and sustain leadership position.

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