Human Resources

Toggle

Article

Asian bosses earn 14 times more than you

Human Resources magazine and the HR Bulletin daily email newsletter:
Asia's only regional HR print and digital media brand.
Register for your FREE subscription now »

Middle managers in Asia earn 14 more than operational employees, resulting in the biggest pay gap in the world. This puts Asia significantly ahead of its peers when it comes to pay disparity.

In the Middle East, middle managers such as department heads earn 11.9 times more than operational managers such as clerical workers, while middle managers in Central and South America earn 10.2 times more.

The figures are much lower in North America (3.5 times) and Europe (2.9 times), Wall Street Journal reported.

A separate report by the Asian Development Bank last year found factors such as technological advances, globalisation and market-oriented reforms drive the biggest pay wedge between highly and lowly skilled workers.

The Hay Group report also found in Asia, the pay gap is even more pronounced within cities. In Karachi, Pakistan, middle managers earn 22.5 times more than workers.

Two of China’s biggest cities, Shanghai (18.5) and Beijing (18), along with Delhi (18.3), Mumbai (16.6) and Bangkok (16.6) rounded up the top five biggest pay gaps among Asian cities.

The report added middle managers and executives in Asia have better purchasing power than those in the West, though senior managers in Doha, Qatar have the highest purchasing power in the world – 366% compared to senior managers in New York City.

HR Vendors of the Year Awards is back again for its 5th year with a fascinating gala night to celebrate the best HR vendors in Hong Kong. Winning is both an affirmation of the exceptional quality of your work in the industry and among peers. Enter Awards now
Contact us now for more details.

Read More News

in Hong Kong by

辦公室異味何來?

香港夏天悶熱,辦公室擠滿員工,冷氣傳來陣陣惡臭。研究揭示造成這些異味的元兇到底是什麼。..

Trending

Leave a Reply

You must be logged in to post a comment.