The company surveyed 2,000 people in management at over 400 firms across 18 countries for its Asia-Pacific salary budget planning report and found the regional average increase is projected at 6.9% over last year. This prediction is lower than the last survey in September 2013, when the pay rise was estimated at 7.1%.
Pichpajee Saichuae, the managing director of Towers Watson (Thailand), said the projection for Thailand was also lower than the 6% in the previous survey because of the political conflict, which caused firms to be more careful in budget management and focus on retaining talented employees rather than hiring new staff.