The findings in the APAC section of Willis Towers Watson’s 2015-16 Global 50 Remuneration Planning Report enable cross-country pay competitiveness comparisons across the region, by providing base salary information using a consistent framework for job levels.
At an APAC level, entry-level salaries for white-collar professionals are among the lowest in India and the Philippines at an average annual base salary of approximately $11,000. Their peers in China receive almost twice as much. The story at senior management levels is not much different. At approximately $66,000, India offers the lowest average annual base salary across the region, which is almost half that of China.
?Labour costs are always a significant contributor to decisions around potential foreign investments. A young and tech-savvy workforce and comparatively lower salaries, especially at the entry level, augur well for India?s quest to attract investments and emerge as a top manufacturing destination,? Sambhav Rakyan, data services practice leader, Asia Pacific at Willis Towers Watson said.
These factors, combined with a focus on skilling, could give India an advantage in comparison to China, where an ageing population and shrinking workforce mean salaries will remain higher, he said.
China salaries are notably higher across levels as compared to India – 81% higher at entry-level, 84% higher at mid-level, double at senior level and 64% at top management level, the research said.
@Agency report.
