Job-hopping: Pay matters the most in Asia Pacific

Link: The Hindu Business Line : Job-hopping: Pay matters the most.

Wondering what the bottom line is for many employees in Asia Pacific? Pay for performance seems to be the major factor according to a recent survey from HR Consultants Hewitt Associates. Talented employees are facing greater job and career opportunities from the growth of economies in the region, and companies have had to change the way they employ and reward employees in order to hire and keep retention at manageable levels.

You really can't blame employees for wanting to be rewarded individually as they have been influenced by the global market and in particular the USA where this is a common practice that can lead to quite substantial salary levels. There is also so much pressure on employees that I often hear from candidates that they don't want their salary tied to another person's performance, since they don't have control over that.

Note the important point that no ambitious employee will ignore. Rewards are greatest at the top. Variable payout is highest for Executives who recieve over 20% of their salaries as bonuses. While more conservative people might see this as risky the reality is that the greater the risk the greater the reward and those executives are reaping those high salary rewards when they perform. It's worth keeping that in mind as you plan your career.