PURCHASING POWER. Salary increases are seen to grow faster than inflation. Photo from Shutterstockincrease in prices of goodsThe survey found that salaries for next year are forecast to grow by 6% from the previous projection of 5.5% in 2019. Inflation is seen to remain benign at 3.3% in 2020.
Meanwhile, Mercer found that Philippine companies are expected to hire fewer new workers next year, with just 45% of them planning to add workers compared to 50% in 2019.
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