Malaysian workers ‘most dissatisfied’ with pay in Asia, new survey finds
Wednesday, 19 Feb 2020 12:40 PM MYTThe survey by international recruiting agency Hays also revealed that one of the precipitating factors might be the feeling of disappointment engendered by the lack of a pay raise. — Reuters pic
“Forty-six per cent of Malaysian employees were dissatisfied or very dissatisfied with their current compensation packages, the highest number to say so in Asia,” the guide read. According to the data, 27 per cent of Malaysian respondents are expecting a wage increment of between 3 and 6 per cent, while a further 25 per cent said they are expecting an increase greater than 10 per cent. This creates the potential for mismatched salary expectations, it continued, because Malaysian employers make up the highest percentage of the survey that said they have no plans to increase staff pay.
“These numbers indicate possibilities of severe mismatched salary expectations in 2020, which is further cemented by 20 per cent of Malaysian employers saying they did not expect employee salaries to change at all, making them the highest percentage in Asia to say so,” said the guide. Forty-one per cent of respondents cited work-life balance, while 38 per cent favoured salary or benefit packages, followed closely by work location at 37 per cent and management style and company culture at 36 per cent.
In light of these results, Hays Malaysia’s managing director Tom Osborne said it has become vital for organisations to offer more incentives to both attract and retain the best talent, as Malaysia’s brain drain continues to take some of its best talent outside of the country.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia, SE Asia court local tourists as coronavirus shuts Chinese out | Malay MailMANILA, Feb 18 — South-east Asia’s holiday hotspots, hit by billions in lost business from Chinese tourists, are turning to markets closer to home to soften the blow from travel restrictions caused by the coronavirus epidemic. To make up for foregone revenues, firms in the region are dangling...
Read more »
Moody’s: Covid-19 weakens demand, disrupts supply chains in Asia Pacific | Malay MailKUALA LUMPUR, Feb 18 ― Moody's Investors Service opines that the Covid-19 outbreak adds to other pressures on growth in Asia Pacific, with the impact felt primarily through trade and tourism, and for some sectors also through supply-chain disruptions. The credit rating firm, in a new report...
Read more »
Malaysians unhappiest lot in Asia when it comes to salaries, says surveyHays Asia also finds that ‘work-life-balance’ and 'company culture' are reasons why employees choose to stay with a firm. FMTNews Salaries Employees Employers Survey
Read more »
BAM buoyant after fine run in Asia Team ChampionshipsKUALA LUMPUR: When they launched the Project ’24 last September, the Badminton Association of Malaysia (BAM) set reaching the Thomas Cup final by 2024 as one of their two major goals.
Read more »
MAS offers cheaper ASEAN and South Asia fares with no check-in luggageMalaysia Airlines offers more choice for economy travel by offering a No check-in luggage option for ASEAN and South Asia destinations.
Read more »
Grab ties up with pilotless air travel firm to conduct feasibility study in South-east AsiaSINGAPORE (The Straits Times/ANN): Ride-hailing firm Grab and German air mobility start-up Volocopter will conduct a joint feasibility study to explore the prospect of offering airborne rides in South-east Asia.
Read more »