KUALA LUMPUR: Employees in Malaysia look set for a boost in real salary increases as inflation is forecast to fall back slightly, according to the latest Salary Trends survey by ECA International (ECA).
The survey said low unemployment and a strong economy have kept wage increases in Malaysia above five per cent for several years and this will continue in 2018.
ECA is one of the world’s leading providers of information, software and expertise for the management and assignment of employees around the world.
Its Salary Trends Reports analyse current and projected salary increases for local employees in 72 countries across the world.
For Asia-Pacific countries, the survey said they continue to outperform the rest of the world, occupying eight of the top ten spots in the global rankings with all locations expecting to receive above-inflation salary increases.
“India is expected to keep the regional top spot in 2018, with a real rate of increase of 4.9 percent predicted,” it said.
India will be joined within the global top ten in terms of real salary increases by fellow sub-continent nations of Pakistan and Bangladesh along with Asean nations of Vietnam, Indonesia, Thailand and Cambodia as well as China, it added.