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This data was drawn from the Korn Ferry Hay Group PayNet database, which contains data for more than 20 million jobholders in 25,000 organizations in over 110 countries.
We hope you find our insights useful.
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Globally, the forecast reveals that, adjusted for inflation, workers around the world are expected see real salary increases of 2.3%*, down slightly from last year’s prediction of 2.7%.
*When compiling global averages, researchers left out countries with dramatically higher inflation rates or currency devaluation (Venezuela, Argentina, Russia and Ukraine).
2015
2016
2017
This is the % salary increase forecast versus the % real salary increase, which takes 2016 inflation data into account.
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Africa
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Asia
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Eastern
Europe
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Western
Europe
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Latin
America*
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Middle
East
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North
America
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Pacific
*Average is calculated without the Venezuela figure
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The data was drawn from Korn Ferry Hay Group PayNet, which contains data for more than 20 million jobholders in 25,000 organizations across more than 110 countries.
Above is the 2017 predicted salary increases for your areas of interest, as forecasted by HR departments across the globe. We compare them to predictions made at the same time in 2016 and 2015. ‘Real’ forecasted increases have been calculated using 2016 inflation data from the Economist Intelligence Unit