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Reuters/Amit David
Climbing up the pay ladder.

India’s pay raises are the highest in the world

Most workers worldwide will see smaller raises this year compared to 2012.

US workers’ pay increases are rising, according to a new global salary survey from WorldatWork, employer-focused research organization global salary. This year, raises will average 2.9% and in 2014 3.1% from the lows of 2.2% in 2009.

The largest raises this year go to workers in India, who will average 10.5% gains, though WorldatWork noted most of that will be eaten up by inflation. The smallest raises are showing up in paychecks in Spain and Japan, where workers will receive a 2.4% increase.

Both China and Brazil saw average wages slide almost a full percentage point from last year to this year. Many HR managers though forecast an uptick in 2014.

Here’s a look at WorldatWork’s average raises:

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