This year, nine out of 12 places in Asia-Pacific received the highest real salary increases in the world, ECA International reported. Workers in Asia-Pacific are predicted to receive the biggest real pay increase in 2024, according to ECA International. The average real salary increase — which is nominal wage growth minus the rate of inflation — is expected to increase by 2.2% in Asia-Pacific, more than twice the global average of 1%, according to the Salary Trends Report. The North and South America region is expected to receive a 2% real salary growth, while Africa and the Middle East could see growth of 0.8%, the data consultancy said. Europe is set to lag behind most regions and employees there may only receive a 0.9% increment in real salary next year, the study showed.

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Persons: Oliver Browne, Browne Organizations: ECA, Workers, ECA International Locations: Asia, Pacific, South America, Africa, Europe