Indians can earn better than Uncle Sam

WASHINGTON: Real pay increases for workers in the United States will substantially lag those in China, India and Eastern Europe in 2007, according to new research from a global consulting firm.

US administrative, professional and senior management employees are predicted to see real increases of just 1.4 per cent as against increases approaching 8 per cent in high-growth economies, said Philadelphia-based Hay Group that conducts annual research on Most Admired Companies for Fortune magazine.

"Much like their colleagues in Europe, US employees will be seeing relatively modest increases in base salaries when compared to the emerging economies," said Iain Fitzpatrick, general manager of Hay Group's US Reward Information Services.

"Projected 2007 increases are fairly consistent with real increases seen in the US over the past several years," the Group said Monday announcing the results of its Global Pay Day Analysis based on data in 19 job families across a number of industries in 50 countries.

Read more at Economic Times