wage hikes
India’s Uttar Pradesh state raises workers’ wages amid protests over pay
It increases the pay of unskilled staff to roughly US$147 a month from US$121
Meta boosts top executives’ pay with stock options as AI race heats up
The options are the social media giant’s first for its top brass and require steep stock milestones
Bosses ditch ‘peanut-butter’ pay in favour of giving big raises to top talent
Stiff competition for standout talent is prompting more managers to reward the very best, while ignoring the rest
More employers plan to freeze hiring, moderate wages as business sentiment dips: SNEF poll
Rising manpower costs remain most-cited manpower challenge
Singapore’s turnover rate rises more steeply amid steady wage growth: poll
Attrition climbs to 19.3% this year, from 16.7% in 2024
More firms planning wage freezes as outlook sours: SBF survey
Business confidence remains weak, with just one in three companies satisfied with current economic conditions
Japan panel urges record minimum pay hike in bright sign for Bank of Japan
Data due Wednesday are expected to show real wages fell 0.7% in June compared with a year earlier, the sixth consecutive decline
Ride-hailing drivers in Indonesia hold protests to demand better pay
The drivers fear a merger between GoTo and Grab would result in a ‘monopoly’ and lead to layoffs as well as “predatory prices” for consumers
Singapore should still see real wage growth in 2025, but probably less than in 2024
Nominal wages will rise at a slower pace, but will not be eroded as much by inflation
Minimum wages set to rise in parts of Asean, outpacing expected increase in inflation: report
Higher minimum wages will buoy consumption expenditure but raise competitiveness, labour productivity concerns
