Session I: Elizabeth Fordham - Education and Skills in SouthEast Asia
Asia Executive Remuneration Trend
1. 16 – 18 Sep 2008, Brussels Marriot E.N.G.’s 7 th Annual Senior Executive Summit Executive Remuneration Trends Brussels Marriot Richard M. Fong GRP, CCP, CBP, MBA, Notary Public Vice President, Corporate Development Queen Entertainment Groups www.linkedin.com/in/livin3ly
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14. India Tops in Pay Rise Merit Pay Increase 2007 (Actual) ABS R14-22 (USD) Rate of Increase Amount (USD) India 65,792 14.1% 9,277 South Korea 113,984 6.9% 7,865 Indonesia 58,997 11.3% 6,667 Australia 142,233 4.6% 6,543 Pakistan 45,359 13.5% 6,124 China 73,050 8.3% 6,063 Singapore 115,651 4.8% 5,551 Thailand 77,114 6.8% 5,244
15. India Tops in Pay Rise (Cont.) Merit Pay Increase 2007 (Actual) ABS R14-22 (USD) Rate of Increase Amount (USD) Hong Kong 123,203 4.2% 5,175 Philippines 59,627 8.3% 4,949 New Zealand 111,481 4.2% 4,682 Vietnam 44,495 10.0% 4,450 Taiwan 91,277 4.8% 4,381 Japan 135,944 3.2% 4,350 Malaysia 63,919 6.2% 3,963 Bangladesh 31,029 12.2% 3,786
16. Changing Fortunes in Five Years Annual Base Salary R14 – 22 in USD 2007 (USD) 2012f (USD) Australia 142,233 178,951 South Korea 113,984 162,122 Japan 135,944 161,459 Hong Kong 123,203 155,750 Singapore 115,651 151,151 New Zealand 111,481 138,926 India 65,792 135,233 Taiwan 91,277 117,609
17. Changing Fortune s in Five Years (Cont.) Annual Base Salary R14 – 22 in USD 2007 (USD) 2012f (USD) China 73,050 111,368 Thailand 77,114 105,158 Indonesia 58,997 101,218 Philippines 59,627 91,744 Malaysia 63,919 87,574 Pakistan 45,359 84,687 Vietnam 44,495 78,415 Bangladesh 31,029 57,422
21. Off-Cycle Pay Increase is Common Percentage of Cos Providing Off-Cycle Review Australia 56% China 56% Malaysia 55% India 52% New Zealand 50% Singapore 49% Japan 47% Pakistan 47%
22. Off-Cycle Pay Increase is Common (Cont.) Percentage of Cos Providing Off-Cycle Review Thailand 46% Indonesia 44% Taiwan 43% Hong Kong 41% South Korea 41% Philippines 40% Vietnam 36%
![High GDP Growth Still in 2009? ,[object Object],2007 2008f China 11.8 10.1% Vietnam 8.3% 8.3% India 8.5% 8.2% Bangladesh 6.2% 6.2% Pakistan 5.9% 5.9% Indonesia 6.0% 6.0% Singapore 8.0% 5.8% Philippines 6.2% 5.9%](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)