2023-2024 Asia Pay Equity Survey Report

The Asia Pay Equity Survey Report brings together insight from more than 350 organisations spanning 13 locations, including China, India, Singapore, Hong Kong, Malaysia, Philippines, Thailand and Japan - from a survey conducted between December 2023 and January 2024.

The survey explored how organisations in Asia are adapting to pay disclosure laws and directives, which are gaining momentum following new regulations in the United States of America, the United Kingdom, the European Union, Japan and Australia.

Key Takeaways

In Asia, policies and practices are not only evolving to ensure compliance. Many employers are also updating their policies and practices to reflect their commitment to diversity, equity and inclusion (DEI), and to improve talent attraction, motivation and retention.
62% conduct a pay equity analysis. Among them, 65% have an implementation strategy.
86% of publicly listed organisations have adopted pay transparency practices compared to 74% of privately held organisations.
Most contacts say their company considers pay transparency important, especially those from larger organisations in China and India.

What is Driving Pay Transparency Practices?

In Asia, regulations and compliance are the main drivers of pay transparency, followed by diversity, equity and inclusion (DEI) policy, and peer practices.

What are the Top Challenges with Implementing Pay Equity?

Difficulty allocating budgets is the top challenge when it comes to implementing pay equity practices.

Which Factors Should be Considered When Implementing Pay Equity?

Survey respondents say performance rating is the top factor for consideration during pay equity analysis, followed by job family and experience.

Survey respondents say performance rating Diagram

Download our report to explore more pay equity and transparency trends and insights or talk to our team.

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Next Steps

As organisations work toward improving pay equity and transparency, it is important that they continually explore opportunities to improve pay gaps. Our talent advisory solutions can help you develop a pay equity and pay transparency roadmap for your organisation.

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