The study was conducted during 3Q2022, and surveyed the salary changes and turnover rates of more than 700 companies across Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Salaries in Southeast Asia (SEA) are expected to increase slightly for 2023 compared to 2022, with tech and finance set to lead the way, says a new Aon survey.
According to the findings, inflation is playing a significant role in how salary changes look across the region, which is also being driven by supply and demand in the talent market. High attrition rates across the region in 2022 are putting pressure on firms to use compensation measures to tackle hiring and retention challenges.
