AsiaPac companies lead wage increases in 2011

And guess what was the highest paying sector this year?

Engineering & Related sectors were the highest paying, averaging 4.5 to 5.5% , while the education sector was the lowest paying, only averaging 3.3%, according to RDS’ survey.

The wage increase this year (2011) averaged 4.1%, higher than last year’s 3.6%.

Asia Pacific companies paid the highest increases (4.4%) while Europe companies paid the lowest (3.9%).

In terms of size, large companies paid the highest (4.2%), and expect wage increase 3.8% over the next six months.

This year only 3% of the companies have frozen wages and none has cut wages.

For 2012, the wage increases are expected to average around 3.6%.

For 2012, the highest wage increase sector is Financial/Insurance which expect to pay 5.0% to 5.4 % while the lowest wage increase sector is the Electronics Manufacturing sector with only 1.9%.