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3/12/07

Financial Times/MSNBC: Pay to 'race ahead' in Asia and E. Europe - by Andrew Taylor

For the full report from Financial Times/MSNBC.com click on this link

Pay to 'race ahead' in Asia and E. Europe - by Andrew Taylor

The pay gap between professional staff and managers employed in emerging Asian and eastern European economies and those working in more mature markets is narrowing rapidly after taking inflation into account, according to research published on Monday.

Forecasts of wage increase in more than 50 countries, published by global consultants Hay Group, reveals that real pay, after allowing for local cost of living, is predicted to race ahead in Asia and eastern Europe this year compared with the "developed old economies" of western Europe and the US.

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