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Jakarta Post

RI firms strive to retain high performers

  • The Jakarta Post

Jakarta   /   Tue, December 30 2008   /  11:02 am

The current adverse global economic conditions are taking their toll on businesses, with 69 percent of companies operating in Indonesia considering decreasing or having already reduced budgeted salary increases for next year, according to a survey. The move was a logical consequence of the fact that less and less companies are optimistic that they would reach their short-term performance targets in the midst of an economic downturn, according to the global consulting company HayGroup. Still, the survey says, the percentage of Indonesian firms considering cutting or having already cut salary increase budgets is lower than the averages of 83.4 percent and 88.1 percent in Asia and global, respectively. HayGroup carried out the global study, called the Global Employee Pay and Staffing Survey, in November covering 2,589 organizations across 6 continents, with more than...