![]() ![]() Ng has seen the institute's membership grow to include 200 companies and 2,800 people. "Human resources is finally receiving the attention it deserves," says Eddie Ng, president of the Hong Kong Institute of Human Resource Management since 1993. And for professions and a handful of state positions, Asiaweek spoke to a variety of consultants and personnel managers. Governments added information on the pay of top officials. The world's largest compensation and benefits consultancy, Watson Wyatt, provided data from surveys it conducted across the region this year. is designed to arm all sides (see table page 50). Asiaweek's annual guide to salaries for 29 positions throughout Asia and in the U.S. ![]() In the face of such measures, both corporations and employees will benefit from broad knowledge of the region's salary levels and pay practices. And perhaps the biggest change, get ready for a large chunk of your paycheck to be based on performance. In the months ahead, expect more cost-cutting, especially of perks, more salary freezes or reductions, more layoffs as companies rationalize workforces. Many corporations are still in the early stages of deciding what to do, but the direction is becoming clear. Especially in Indonesia, South Korea and Thailand, the economic slump is forcing companies to scrutinize employment and pay after years of steady, sometimes unbridled, growth. Increasingly, salaries and jobs are under threat. His woes are a microcosm not just of Indonesia but the entire region. No wonder the crisis seems so close to home for Haryanto. And imported luxuries? Not at 9,000 rupiah to the greenback. The newspaper has cut food, transportation and medical allowances. Taking up the slack are the remaining staff and freelance writers, who may get more per story than full-time reporters but don't add permanent costs to the company. Not long ago, his newspaper laid off 200 people. "Every time I write about the crisis I feel like I am talking about myself," he says. But he has never had quite the out-of-body experience of the last few months. H ARYANTO HAS BEEN A BUSINESS JOURNALIST in Indonesia for a decade. Go to a story about the workplace of the future Go to a story about jobs in the financial sector Will your salary survive this compensation revolution? The Asian economic crisis and the drive for competitiveness, profits and productivity are bringing the ups and downs of From Our Correspondent: Hirohito and the WarĪ conversation with biographer Herbert Bixįrom Our Correspondent: A Rough Road Aheadīad news for the Philippines - and some others ![]()
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