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Saturday, July 26, 2008

Professionals seeking huge pay hikes


The Straits Times is reporting that, despite indications S'pore's economy is slowing, a large number of professionals are still seeking pay hikes of up to 30%!

A survey indicated 95% of professionals expect at least a 10% increase, while 40 per cent expect pay raises of 20-30%. Apparently, this is common across Asia as they polled 3500 professionals globally. China expects the highest increases but all of the candidates polled were clearly optimistic about the job market's future.

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