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By Rick Vollmar
Nov. 7—Employees in Argentina will see the highest average growth in their salaries in 2015 (28 percent) among 66 leading economies, according to the latest Salary Trends survey by ECA International, although the country's 27 percent inflation rate will result in negligible real growth in disposable income. The salaries of Venezuelan employees will register the second-highest nominal growth internationally, but because their country's inflation rate is even higher than Argentina's, workers will see an actual decline in compensation in real terms.
Other survey highlights include:
• Wages will rise by an estimated 5.8 percent internationally in 2015 compared to 5.6 percent this year.
• The highest nominal increases in wages will occur in Latin America, the lowest in Greece, Ireland, Portugal, Spain and Switzerland, the average employer estimate in all five countries 2 percent.
• In Europe as a whole, wages are expected to rise 3.5 percent in 2015.
• Worker compensation in Asia is expected to rise at a nominal average rate of 7.2 percent in 2015 and at an inflation-adjusted rate of 2.7 percent, making wage gains in this region the highest internationally in real terms.
• Wages in China are expected to increase by 8 percent in 2015, 5.5. percent when adjusted for inflation, among the highest real growth both regionally and internationally.
• Employers in Canada and the U.S. are forecasting 3 percent nominal growth in wages in 2015, employers in Australia 3.5 percent and those in the Middle East 4.7 percent.
To contact the reporter/editor responsible for this story: Rick Vollmar at email@example.com
Additional information on the 2014/2015 ECA Salary Trends Survey, which is based on information from 340 employers in 66 countries and regions, is available at https://www.eca-international.com/news/press_releases/8089/Biggest_pay_rises_will_be_in_Argentina_next_year_according_to_new_Salary_Trends_survey_from_ECA_International.
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