Rapid salary growth in Asia expected for 2012: Robert Walters

The recently released 2012 Robert Walters' Salary Survey reveals a rapid rate of growth anticipated for professional salaries in Asia. Now in its 13th edition, the annual Global Salary Survey offers comparable salary levels for professional careers in Japan and across the Group's network of 23 countries worldwide.

According to the survey, salaries within emerging Asian markets are projected to grow the most rapidly, compared with slower expected salary rises in more established economies like Japan. Across many sectors in China, 2012 salaries for job-seekers are anticipated to increase by 15-30% over 2011 levels, as will salaries in Malaysia (20-35%), Vietnam (15-20%) and Thailand (10-20%). Larger markets such as Hong Kong and Singapore should also benefit from the regional growth with professionals entering a new company typically earning salary increases of 10-20% and 15-20% respectively in these cities.

While salary growth in Japan was less than 10% for many job-seekers, total remuneration for specialist job functions was still substantially higher than their Asian counterparts. Despite the continued offshoring of some job functions overseas, specialized professionals required locally such as for client-facing roles and sales support, should still command competitive salaries. Recruitment activity in Japan is expected to remain steady at 2011 levels, although this activity will be linked to the performance of global markets.

© JCN Newswire