Wage hikes exceed inflation: TalentNet/Mercer Survey

HCMC, Oct 7, 2012. Wage hikes are higher than inflation in 2012, contrary to the situation last year, according to a survey conducted by the human resource service provider Mercer and its representative in Vietnam, Talentnet Corporation.

Hoa Nguyen, head of Mercer remuneration surveys and HR consulting services at Talentnet, said the average salary increase this year is over 13%, higher than the inflation forecast at 9.5%.

In particular, multinational companies increased their wages by 13%, while the average pay hike at local firms is 13.3%, says the 2012 Mercer Total Remuneration Survey.

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