Want to double your pay? Think about a move to Asia

Posted by Wendy Nicholls

We all know that for many multinationals, Asia is the place to be. But this means that there’s a huge demand for talented people and not enough of them to go around. And for HR this presents a real challenge:

How do you make sure you’re winning the war for talent without completely abandoning your global frameworks and policies?

There are three main factors I see foreign companies struggling with most:

  1. Fast growing markets and inflation. Emerging markets in Asia make up the world’s fastest growing region in terms of GDP and many countries also have relatively high inflation. In places like India and Indonesia, where you have both strong GDP and high inflation, not surprisingly employees have really high salary expectations.
  2. Skyrocketing pay for managers and job-hopping. Markets like China and India are experiencing the highest pay increases in the world. If you receive a solid promoti ...

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