25 Jul U.S. Ranks Near Bottom Of 13-Country Salary Increase Survey
Just two countries, Spain and Japan, rank worse than the United States when it comes to projected salary increases for 2013 – and they are not even close to the leaders.
With a projected average salary increase of 10.7%, India leads all countries for the second straight year, according to a 2012-2013 Salary Budget Survey conducted by WorldatWork, a nonprofit organization that provides informational resources to HR and Benefits professionals. India is followed closely by China and Brazil, who are projected to see 8.8% and 7.2% salary increases, respectively.
According to the survey, which gathered from 4,299 responses from 13 countries representing 17 million employees, the bottom of the list projections are theUnited States, with an average projected salary increase is 3%; Spain, with a projected increase is 2.9%; and Japan, for which the projected increase is 2.7%.
The projected 2013 salary increases for all of the other countries surveyed (Singapore, Australia, Canada, Germany, the U.K., France and the Netherlands) fall somewhere in the 3% to 4.3% rage.
The fact that projected salary increases in the U.S. are lagging so far behind others suggests there is still a ways to go on the road to economic recovery.