Factoring Inflation, Wages In India To Rise By Just 2 Percent: Report

Workers in Japan will continue to experience the region's lowest wage increases. If inflation rises to the 2.9 percent as predicted by IMF for 2014, they could experience a reduction in their buying power next year.

The survey has forecast the highest pay rise by companies in Venezuela.

Employers there are predicting 26 percent pay rise for staff next year. However, the figure trails behind inflation forecasts. The IMF is predicting 38 percent inflation in Venezuela next year, leaving employees there facing a spending power reduction of 12 percent in real terms.

Companies in Switzerland and Greece are forecasting the lowest wage increases in the survey.

Employees there can expect salary rises of around 2 percent. However, despite these low increases, little if any, of this is likely to be eroded by inflation, even as many of their peers will be worse off than them in real terms.

In both the U.S. and Canada, companies are predicting 3 percent wage rise, while those in Europe are forecasting 3.5 percent rises next year.

ECA's 2013/2014 Salary Trends Survey reports on current and projected salary increases for local employees. This year, it covered 316 MNCs across 64 countries and regions.

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