Citation
(2007), "The East has its labour problems", International Journal of Productivity and Performance Management, Vol. 56 No. 8. https://doi.org/10.1108/ijppm.2007.07956hab.006
Publisher
:Emerald Group Publishing Limited
Copyright © 2007, Emerald Group Publishing Limited
The East has its labour problems
Wages are rising rapiNewsdly, recording annual growth rates ranging from about 5 per cent in Singapore and 8 per cent in China and the Philippines to a staggering 14 per cent in India. Corporate profitability and expansion are now at risk.
A recent Duke University/CFO Magazine survey reveals that chief financial officers in Asia are bracing for a 10 per cent increase in their wage bill in the next 12 months. The CFOs expect labour productivity – output per hour worked – to grow only 4 per cent. This is not a recipe for success!