For Big Raises, Go West, Young Exec
<i> Associated Press</i>
Looking for a big pay raise? You’ll have to travel around the world to see one.
The Pacific Rim leads the industrialized world in projected salary increases, according to a recent survey by Hewitt Associates of more than 4,000 employers in 19 countries.
The consulting firm says executives in Hong Kong and Thailand can expect pay hikes of around 11.5% this year.
Executives in Malaysia can expect raises of 8.5% and in Singapore 7%.
The countries with the lowest executive pay increases are projected to be Canada, with a 2.5% rise, and Switzerland, with 2.6%. U.S. executives can expect a 4.4% increase.
