Expats hopes rising – and they expect more pay

Workers around the world are more optimistic about how the financial prospects for their employers  – and they are increasingly expecting pay rises, says a new survey.

Global employment agency Randstad regularly surveys employees and found that many have hopes that their country’s economies will improve and help boost their own employer’s fortunes.

The headline figure is 71.5% of all workers believe their firm will do well this year, but despite the hopes, some countries seem to have unrealistic dreams of riches.

The survey found 86% of Brazilian workers and 92% of those in India are expecting positive developments, while in countries where the economy is struggling, such as Japan, the number drops to 39%.

As a consequence of that upbeat belief in improving economic times, nearly two-thirds (64%) of workers think they will get a pay rise this year. That’s a rise from 55% last year.

Hopes of bulging pay packets

Again, the emerging of economies of India, which has 83% of employees looking forward to earning more and Hong Kong with 80%, show there are fluctuations.

In the UK, the number of workers expecting more in their pay packet has rocketed from 36% in 2010 to 61% last year.

That confidence is also reflected in the US where the same survey found a rise from 39% to 69% in the same period.

In Australia the numbers rose from 52% to 75%.

Interestingly, the German workforce is less optimistic about receiving a pay rise in 2013, probably because of their worries over the Eurozone crisis, since their figure falls 77% to 57% now.

Sharing success

Greece is highlighted for having 44% of workers saying their employers will do well but only 3% believe the country’s economy will improve. Against that backdrop, 32% of Greek employees were more reserved about their employer’s prospects.

Things are so bad in Greece that only 8% of workers received a pay rise last year but 32% say they expect a wage rise in 2013.

The Greek economy might be in the doldrums but in many other countries the economies are taking off again – and the workers are expecting to share in that success.

So while the world’s average is 64% of workers looking for a pay rise, the figure is substantially more in Asia Pacific countries such as Hong Kong where the figure is 94.5%, Malaysia (94%) and even in Argentina, which has its own economic issues, the figure is 76%.

A spokesman for Randstad explained that the survey covers 32 countries and is published four times a year.

He added: “The study covers local and global trends to tracks employee confidence, satisfaction and their likelihood of changing jobs within the next six months so it provides a comprehensive understanding of sentiments and trends in the world’s job market.”