
5 sectors most likely to see staff pushing for pay rise
Survey shows most employees expect a 10- 12% increase on base salary over the next 6 months.
According to Michael Page International, as economic conditions continue to strengthen across Asia, the pressure is growing on employers to review the salary levels of their staff.
It's latest Employee Intentions Report reveals that employee salary expectations are rising in line with improving market conditions, so employers will need to offer strong financial incentives in order to remain competitive and retain their top performers.
The majority of respondents (31%) will be asking their current employer for a salary increase in the next six months. Most employees will have an expectation of a 10- 12% increase on base salary. Companies
that cannot meet these expectations will need to offer other incentives to help retain their staff, such as training and development opportunities.
Here's more from Michael Page International:
Professionals in the oil and gas and human resources industries are the most likely to ask their current employer for a salary increase over the next six months. The majority of employees in oil and gas will be
asking for a 10-12% increase on base salary, with most human resources professionals requesting a raise of 6-9%.
Professionals in the procurement and supply chain sector are the least likely to ask their current employers for an increase in salary over the next six months. For the majority of these respondents, the opportunity to progress their career through training and development was rated as more important than financial rewards when deciding to remain with their current employer.