[Bigiron]

Southeast Asia salaries set for a bump in 2025, according to Aon
https://www.cnbc.com/2024/11/25/southeas...o-aon.html

[Bigiron]

Southeast Asia Salaries Set for a 2025 Bump, with Singapore Lagging the Region, Study Says

Source: CNBC, published November 24, 2024, updated November 25, 2024

Author: Ernestine Siu

Article Summary:

- Theme:  The article reports on a study by professional services firm Aon, predicting higher salary increases across Southeast Asia in 2025 compared to 2024.
- Core Points:
- Budgeted salary increases are projected to be higher in 2025 across Southeast Asia, with Vietnam leading the region at 6.7% and Singapore lagging at 4.4%.
- The high demand for skilled talent, particularly in technology and manufacturing, is driving these increases.
- Singapore's lower inflation rate and slower GDP growth contribute to its lower projected salary increases.
- Thailand's lower economic growth and less mobile talent pool also contribute to its lower projected salary increases.
- Phenomenon:  The article highlights the growing demand for skilled talent in Southeast Asia, particularly in technology, and the impact of this demand on salary expectations.

Key Takeaways:

- Southeast Asia is experiencing a talent shortage, particularly in technology and manufacturing, which is driving up salary expectations.
- Singapore's more developed economy and lower inflation rate contribute to its lower projected salary increases compared to other countries in the region.
- The article suggests that the talent pool in Thailand is less mobile due to language and deployment barriers, which may be contributing to lower salary increases.

[Manthink]

BRI and China-plus one economies will accelerate in 2025 thanks to return of MAGA Trump.

https://www.globaltimes.cn/page/202409/1320171.shtml