Despite Asia offering the highest proportion of pay rises globally in 2011, 27% of professionals working across Japan did not receive a salary increase this year, according to a global survey of more than 3,200 professionals released by recruitment consultancy Robert Walters on Wednesday.
The survey reveals that of the Japanese respondents, 44% received a pay rise of between 1-5%, 16% received between 6-10%, 2% received between 11-20% and 11% received more than 21%
Other Asian markets on the other hand received the highest salary increases of 10% or more - 45% of respondents from China, 26% of respondents in Thailand, 24% of respondents in Malaysia, 22% of respondents in Singapore and 21% of respondents from Hong Kong. The comparative figure for Japan was 13%.
Nathaniel Pemberton, Osaka manager at Robert Walters, comments: "Despite showing signs of slight recovery in early 2011, the cautious approach taken by many Japanese companies following the March earthquake may help explain the lack of pay rises, particularly those within the struggling manufacturing sector. "While it is still too early to determine what the future plans are for companies that temporarily relocated to Kansai, if a long-term move is decided, there will likely be pay rises to attract professionals from Tokyo-based operations and to retain their locally-based top performers."© JCN Newswire