fbpx
Connect with us

News

Concerning New Study Shows 54% of M’sians Think They are Unfairly Paid for Their Work

Published

Collage7 1
Source: Randstad.com & iStock

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Human resource consulting firm, Randstand Malaysia conducted an online survey on 302 individuals who lived and worked in Malaysia between February and March 2023 to better understand the salary and bonus expectations of the current local job market.

The Randstad Salary and Bonus Expectations survey revealed some concerning numbers. Among the most worrying numbers in the study shows that 54% of Malaysians do not think they are being fairly paid for their work.

Fvqblcgamaadocc 1

Randstad Malaysia’s Country Director, Fahad Naeem said in the survey report that “salary is a strong motivator to many Malaysians, it can also help them meet their financial goals, like buying a car or home, earlier in their lives”.

Knowing this, it is no surprise that the survey also discovered that 91% of Malaysians will change employers if offered a higher salary.

Fvqbotcaaaaxgrb

This fact is uphold as employees who did manage to change their jobs enjoyed a salary increase of 10-20% compared to their previous employment, suggesting that job-hopping may be an effective strategy to get a higher pay.

Giphy

On the flip side, only 49% of Malaysians who stayed with their current employer received up to 5% of a salary increment while 39% of Malaysians were told their salaries will not be adjusted in 2023.

Furthermore 31% of Malaysians were informed that they will not receive any bonus for their work in 2022.

Fvqbwolaaaccbrq

Fahad Naeem says that given these numbers, it would be helpful for Malaysians to leverage more on specialised resources like recruiters and proper salary calculators that use real-time data to form a more accurate view of their salary.

This is due to the survey revealing that 35% of Malaysians self-evaluate their average pay based on their job scope and responsibilities.

While the study highlights the potential benefits of job-hopping in terms of salary increases, it’s even more important for employers to promote job satisfaction and career growth to gain loyal, productive employees.

Do you think you’re paid fairly at your job? Let us know your thoughts on this study in the comments! 

 

Also Read: Study: M’sia is World’s 3rd Crony-Capitalist Nation, Billionaires’ Wealth Makes Up to 12% of Our GDP

Feat Image Crony Capitalism

Source: Randstad.com
Source: Randstad.com
Source: Randstad.com

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Feat Image Populationa Feat Image Populationa
News4 hours ago

Study: 78% of the Malaysian Population Lives in Urban Areas, the 3rd Highest in Southeast Asia

A recent study has found that Malaysia has 1 of the highest percentage of urban population in Asia, with 78%...

My Post 1 2024 05 20T102032.771 My Post 1 2024 05 20T102032.771
News5 hours ago

“You will die!! Just wait!!” – Teresa Kok Receives Death Threat & 2 Bullets in Her Mailbox

Death threats don’t exactly led to positive outcomes, yet it appears to be something that happens in Malaysia often. Yet...

Feat Image School Tablet Feat Image School Tablet
News23 hours ago

Zahid Hamidi: Govt Plans to Provide Each M’sian School Student With a Tablet to Facilitate Digital Learning

Remember the PerantiSiswa initiative introduced under former Prime Minister Datuk Seri Ismail Sabri Yaakob which provides eligible higher learning institute...

Petrol Station Fire Perlis Petrol Station Fire Perlis
News23 hours ago

Man Escapes Car Gas Tank Explosion at Petrol Station With Only Minor Injuries While Car is 50% Burnt

Most of us have a fear of accidentally causing a fire or an explosion when at the petrol station. Just...

Taiwan Member Of Parliament Run With Bill Taiwan Member Of Parliament Run With Bill
News23 hours ago

WATCH: Taiwanese Parliament Member Runs Away With Bill to Prevent it From Being Passed

Our parliamentary sessions are quite rowdy and serve as a means of entertainment for some Malaysians. However, parliamentary sessions in...

Feat Image Polis Penang Attack Feat Image Polis Penang Attack
News23 hours ago

Drunk M’sian Arrested for Attacking Policeman & Trying to Seize Submachine Gun at Penang Police Station

As our country is still reeling from the shocking attack of the Ulu Tiram police station in Johor which killed...

Collage 41 Collage 41
News1 day ago

PDRM: Cop Killer in Johor is NOT Linked to Jemaah Islamiyah But Data Shows His Father is Related

In a shocking turn of events, PDRM confirmed that the suspect of the cop killer in Johor IS NOT linked...

Feat Image Uni Feat Image Uni
News1 day ago

Study: M’sia Has The 9th Most Number of Universities in Asia But Only 4 are Ranked in The Top 100

Despite our relatively small size, Malaysia is surprisingly home to one of the world’s highest number of higher learning institutions....

Announcement

Latest Videos



TRENDING TODAY