Salaries in Southeast Asia Expected to Increase in 2023, Aon Survey Reveals

SINGAPORE – Media OutReach – 8 December 2022 – Aon plc (NYSE: AON), a leading global professional services firm, today released insights from its 2022 Salary Increase and Turnover Study for southeast Asia (SEA), revealing that salaries in the region are expected to increase slightly for 2023 compared to 2022. The study was conducted in the third quarter of 2022, surveying the salary changes and turnover rates of more than 700 companies across Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Median salary increase budgets are forecasted across industries at 6.8 percent for Indonesia 5 .1 percent for Malaysia, 6 percent for the Philippines, Singapore at 4.7 percent, 5.1 percent for Thailand and 7.9 percent for Vietnam.

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