ME wages expected to increase 5 percent in 2013

(MENAFN) A global study Hay Group reveals that wages in the Middle East region are expected to increase by five percent in 2013, Arabian Business reported. The expected growth in salaries represents a slower figure than other emerging markets and the global average. The study performed shows that the salary increase this year will be 0.5 percent lower than the increase achieved last year. A consultant at Hay Group said: "This year's global forecast highlights a significant slowdown of pay rises into the New Year, as GDP growth in many parts of the world remains subdued."