Building An Effective Salary Budget Strategy for APAC
In this guide, you will find insightful and actionable information on the current market scenario and next year’s salary projections, enabling you to create the perfect compensation strategy for your business.
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Why Should You Have This Salary Budget Planning Guide?
Inflation has not affected all economies equally, each labor market is unique with differing employee needs and expectations. For example, while inflation is not a major concern in India, the labor market is marked by severe attrition.
Japan faces a severe talent crunch, while Indonesia suffers from slow growth.
To summarize, employee expectations are varied across APAC.
Our salary benchmarking report accommodates various perspectives and packs data based on the latest surveys, helping you plan an all-inclusive salary budget for the country of your choice.
This guide includes
- Country-wise salary increase projections
- Industry-wise salary increase projections
- Employee category-wise salary increase projections
- Comparison of next year's salary projections with the previous year actual salary increase
Here's Everything Else You Need to Know About Hiring in APAC
What Can You Do With Multiplier?
Hire & pay without a legal entity
We have set up legal entities across the world so you don’t have to. Just hire under our entities to expand your global team fast with no compliance risk. With Multiplier, you can also pay employees in their local currency.
Remote onboarding in six clicks
Once you add your employee’s details on the platform, it generates a country-specific, compliant contract to employ them into your company.
Discover How You Can Hire From The Global Talent Pool
- Easy self-onboarding
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Frequently Asked Questions
Onboarding an overseas freelancer on Multiplier should take you anywhere between.. (Have checked w Rekha for high-level breakdown of current onboarding process & timeline)
Onboarding employees on Multiplier’s happens in a few clicks. Practically, you can employ new foreign talent in your company in less than 24 hours
Multiplier has its own local entities in over 150 countries across APAC, Europe and Americas
No. Multiplier does not offer help with setting up a local infrastructure in a foreign country. However, you can use Multiplier’s local entities to park your employees on our payroll
Take a tour of all the EOR solutions in the market. Hiring an employee can cost anywhere between $1000 – $2000
However, Multiplier’s EOR solution saves you anywhere between 70-90% of the cost of hiring a traditional EOR. Partnering with Multiplier, you can hire full-time employees at $300/employee and $40/freelancer
Multiplier’s platform supports hiring and offering benefits for both employees and contractors
