The Economist publishes a chart depicting planned rates of pay hikes across the globe.
The Economist says, ``THE annual pay letter is usually a time of hotly-awaited anticipation for most employees. In the midst of a global recession, however, simply keeping your job may have to be reward enough. In a survey of 2,000 companies in over 80 countries, at least 25% of employers say they are freezing pay this year, according to Hay Group, a consultancy. Where increases are planned, they will be most miserly in rich countries. British and German employers plan to give rises of under 1.5%, on average, with American, Italian and Canadian firms offering workers under 2%." (bold highlight mine)
We look at the same data but see a different theme: Decoupling. The expected pay rates increases manifests of a yawning gap between emerging markets and G7 economies.
Decoupling a myth?
The Economist says, ``THE annual pay letter is usually a time of hotly-awaited anticipation for most employees. In the midst of a global recession, however, simply keeping your job may have to be reward enough. In a survey of 2,000 companies in over 80 countries, at least 25% of employers say they are freezing pay this year, according to Hay Group, a consultancy. Where increases are planned, they will be most miserly in rich countries. British and German employers plan to give rises of under 1.5%, on average, with American, Italian and Canadian firms offering workers under 2%." (bold highlight mine)We look at the same data but see a different theme: Decoupling. The expected pay rates increases manifests of a yawning gap between emerging markets and G7 economies.
Decoupling a myth?
