SINGAPORE: Employers in Asia are increasingly turning to wage freezes in 2003 with salary hike prospects clouded by a shaky global economic rebound and the threat of a US war with Iraq, according to a survey report published yesterday.
Indonesia, India and China were the notable exceptions, with employers in those countries forecast to jack up managers’ salaries by an average 12%, 10% and 8% respectively, said HR Business Solutions (HRBS).
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