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Tech companies in APAC to increase salary budgets for 2017

Nayela Deeba | Nov. 11, 2016
To overcome high levels of employee turnover.

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A Radford Trends Report by Aon Hewett revealed that two thirds of the technology firms across Asia Pacific are on a lookout for talented individuals to hire.

Technology companies across Asia-Pacific continue to face high levels of employee turnover despite ongoing economic uncertainty around the globe. India leads the region with a trailing 12-month voluntary turnover rate of 13.6 percent. This is followed by Malaysia at 13.0 percent, Australia at 12.4 percent, Singapore at 11.7 percent, Hong Kong at 11.3 percent and China at 10.8 percent.

To overcome this, tech companies in the region are planning to increase their salary budgets for 2017 to attract talents.  Once again, India leads the region with tech companies there intending to increase salary budgets by 11.0 percent.

Meanwhile, tech companies in Singapore, Malaysia and Hong Kong plan to increase salary budgets by 4.4 percent, 5.6 percent and 4.5 percent respectively next year.

 

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