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Salary Levels Throughout Asia
In this article, we take a look at salary levels across the region, including taxes and social security payments. We also take a look at working hours in Asia. Salary levels were determined as a composite of 14 different professions, after deductions of taxes and social security.
Taking New York as a benchmark of 100, the weighted ratios indicate that professionals in China earn an average of 15 percent of their New York-based counterparts, while in India the ratio is just above 7 percent. This indicates that Indian professionals earn 50 percent less than their Chinese counterparts and some 93 percent less than the average New York-based professional. Not surprisingly, the first-tier Asian cities of Hong Kong, Seoul, Singapore and Taipei all feature prominently, and we expect the margin between them and New York to narrow. Kuala Lumpur is fast developing as an Asian regional hub. Prices across the board in Kuala Lumpur are still good value, but are now ahead of other Southeast Asian cities.
To read the full version of this article, please purchase the Noverber 2009 issue of China Briefing, which can be found in the Asia Briefing Bookstore. Companies requiring assistance may contact any Dezan Shira & Associates' nine national offices at china@dezshira.com for advice or visit www.dezshira.com.
