Technology Companies in Asia-Pacific Ready to Boost 2018 Salary Budgets to Address Rising Employee Turnover And Strong Demand for Talent
Aon plc Class A Ordinary Shares (Ireland) (AON)
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Company Research
Source: Marketwire
SINGAPORE -- (Marketwired) -- 11/02/17 -- The Talent, Rewards & Performance practice of Aon plc (NYSE: AON) has just released new data on projected 2018 salary budgets and hiring plans at technology sector companies across the Asia-Pacific region. Leveraging insights from Radford, the firm's dedicated technology and life sciences unit, the new data shows technology companies in the region are preparing to spend more in 2018 in the face of rising employee turnover and strong demand for critical talent. Outside of Japan, South Korea and Taiwan, median annual voluntary turnover rates now exceed 10% in all major Asia-Pacific markets. Australia leads the region with a trailing 12-month voluntary turnover rate of 12.9%, followed by ASEAN 5 (includes Philippines, Vietnam, Thailand, Indonesia and Malaysia) at 12.8%, Singapore at 12.7%, China at 12.5%, India at 12.1%, and Hong Kong at 11.8%. Adding to the robust demand for talent, roughly two-thirds of technology sector compani
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