Eight years after the start of the global recession, Korn Ferry Hay

Eight years after the start of the global recession, Korn Ferry Hay

Eight years after the start of the global
recession, Korn Ferry Hay Group study
shows mixed salary growth across the globe.
0
China
Indonesia
Mexico
Canada
Germany
Korea
Africa
South
%
P
D
|G
Fe
Ar d
g
Turk
ey
%
24.1
us
sia
n
.8%
: 18
th
ow
Gr
:
wth
Gro
DP
|G
+
D
P
G
ro
w
th
:6
3. 8
%
-
.8%
:4
th
ow 2.8%
gr
:1
th
w
ro
The average real change
in market pay levels,
across three benchmark
job levels per country.
%
DP Growth: 30
2%
.9
.1% | G
.9%
: -13
10.
:7
h:
wth
th
wt
gro
w
12.8%
o
y
th:
Gr
Pa
ow
P
Gr
D
DP
% | GDP Grow
9%
t
|G
h
:
-18.6
26.
: 1.
:
%
h
t
2%
th
.3
4.4% | GDP G
w
ow
th: -3
r
gr
ro
o
wt
row
y
G
h:
yg
Pa
2
8.
Pa
8%
rica
Ame
f
o
es
tat
S
d
ite
ia
n
U
ab
r
iA
il
ud
a
az
r
S
B
n
tio
a
a
er
tin
n
e
y
Pa
dom
d King
e
t
i
Un
Japan
4%
5.
:1
th
w
ro
G
India
%
Italy
Pay
Pa
gro
yg
wt
Pay g
h:
ro
row
7.2
th: 5
wt
%
.2%
h
Pay g
|
|G
GD : 8.9
row
D
th:
PG
%
P
5.0
|G
row
Pa Gro
%|
D
y
w
th
GD
P
gr
t
:3
PG
ow h: 1
.
8
r
%
Pay gro
1.2
ow
th
wth:
Pa
th
:5
yg
2.4%
:6
row
.9
|G
.0
DP
th
%
:3
Gr
ow
.5
%
Pay
th
g
|G
:
row
-7
Pay gro
D
.3
th:
wth:
P
%
-0
-1.9
G
.1%
%|
GD
|G
PG
Pay
DP
gro
ro
G
w
wt
ro
th
h:
:2
-3
.1%
.1%
Pa
Pay gr
y
|
gr
owt
G
ow
h: 17.
t
h:
1%
-1
|G
5
D
P
th: 9.3%
| GDP Growth: 45.7%
France
Pay
grow
Australia
yg
Pa
w
ro
:
th
0.
g
Pay
2%
row
|G
th :
.6 %
10
|G
DP
ow
Gr
9
5.
7
:
th
%
100
India | Senior Manager
China | Senior Manager
China | Professional
11.3
%
22.0
%
33.1%
7.1
%
Australia | Senior Manager
%
7.0
Australia | Professional
%
6.0
Germany | Senior Manager
4.7%
Germany | Professional
4. 2 %
Real change in market
pay levels for selected
job levels and countries
from 2008 - 2015.
3 .6
%
Germany | Clerical
3.
5%
Australia | Clerical
%
United States of America | Senior Manager
0
2.
1.7
United States of America | Professional
%
United Kingdom | Senior Manager
1.0%
1.0%
China | Clerical
Japan | Senior Manager
United Kingdom | Professional
-1.5%
Japan | Professional
-1.8%
5%
-2.
India | Professional
%
.9
-2
-4
.9
%
United Kingdom | Clerical
-5.
1%
Professional
-11.6%
Japan | Clerical
-12.9%
Russian Federation | Senior Manager
Brazil | Senior Manager
-14.8%
-14.8
United States of America | Clerical
%
.
-18
Brazil | Professional
-2
4%
3
9.
%
Brazil | Clerical
-3
0.
1%
-41.7%
-3
2
.3 %
-3 4
.7%
Turkey | Senior Manager
India | Clerical
Turkey | Professional
Russian Federation | Clerical
Turkey | Clerical
Australia
Se
%
United
Kingdom
Se
Cler
ica
l 4
.2
Japan
Se
nio
%
r M a n a g e r 1.0
r M a n a g er 3.5
Brazil
Se
%
nio
1
r Ma
nager -
nio
6
r M a n a g e r -11.
Cleric
al
-3
4
Pr
of
e
-32.3%
Cleri
cal
-4
1.
l
na
io
ss
7%
Turkey
Se
Russian
Fed.
Se
%
2.9
nio
9.
r Ma
nager -2
-4.9%
nio
4%
Pr
of
e
%
.7
l
na
io
ss
United States
of America
Pr
of
e
-14.8%
%
l 2.0
Clerica
l
r M an a g er 1
%
Pr
of
1%
.7 %
l
na
io
ss
%
Cleri
cal
-18
.
Pr
of
Se
nio
r M a n a g e r 6 .0
.1%
io r M a
nager 33
na
sio
es
-14
.8
Sen
1.0%
-2.5%
India
9%
nio
%
l -1.8
na
sio
es
.1%
Pr
of
nal
sio
es
Pr
of
e
Se
Cleri
ca
l 5.
0
M a n a g e r 2 2.
Germany
nio
1%
r M a n a g e r 7.
Cleri
cal
-2
.
nior
l
na
io
ss
Cleri
cal
-3
0
Se
%
4.7%
China
Pr
of
l
na
sio
es
.%
7.0%
Cleri
ca
l 1.
Pr
of
l
na
sio
es
11.3%
al
ion
ss
fe
5%
Cler
ica
l 3
.6
Pr
o
3%
To find out how Korn Ferry Hay Group can help you make better pay
decisions, visit: haygroup.com/en/our-services/pay/paynet/
About the Study: Pay data is drawn from Korn Ferry Hay Group’s PayNet database, which
contains salary and job data for more than 20 million workers in more than 25,000 organizations
across 110 countries. Economic data (CPI and GDP) is from the Economist Intelligence Unit.
Data shows the ‘real’ change (i.e. absolute change minus CPI inflation) in base
salary median pay levels, from 2008 to 2016, averaged across three benchmark
job levels (clerical/entry level, professional and senior management) for each
country. We also show the change in GDP over the same period.
%