Still expecting high pay despite economic slowdown

'They are thinking, nothing is getting cheaper, why should I accept less pay?' - HUDSON COUNTRY MANAGER GINA MCLELLAN, on how the rising cost of living here has left many professionals refusing to accept lower salaries.

The Straits Times reported that Managers and professionals, shrugging off signs of a job slowdown, are not budging on the starting pay they want, according to manpower surveys.

Only one in 10 of the employers that human resource consultancy Hudson polled said it could convince a new manager to accept a lower salary.

Similarly, a survey of almost 900 professionals by recruitment firm Robert Walters found 95 per cent want a pay rise of at least 10 per cent, and 23 per cent are eyeing a hike of 30 per cent or more.

Image source MIT.Edu.
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