The Covid-19 pandemic has taken a toll on the employment of many and has led to many Malaysians jobless and in search of employment.
Despite the lack of opportunities, some surveys have found that some companies are still hiring despite the pandemic.
However, others have found that over 60% of Malaysians want to leave the country for good in hopes of better opportunities and lifestyle.
It seems that the trend is here to stay as a recent report found that 72% of young Malaysian employees are considering leaving the country for better employment opportunities.
According to Employment Hero, its ‘2021 Employee Movement and Retention Report’ surveyed 1,004 employees. Malaysia’s 72% is significantly higher than Singapore’s which was 55%.
The main reason was attributed to the prospect of better pay and improved career prospects.
Employment Hero co-founder and chief executive officer Ben Thompson said that the pandemic has given employees many reasons to change direction in their careers or venture overseas as the world opens up.
“The biggest indication that something needs to change is that 24% of Malaysians say they ‘love’ their job and 45% say they ‘like’ it, but most of them have already planned to leave it.”
“This is a problem for local employers and should prompt many to reassess their policies, working culture and retention strategies,” he said.
The report also noted that 61% of Malaysian employees surveyed are planning on looking for a new role within the next 12 months, which is the highest rate out of all countries surveyed.
Other countries such as Singapore had 59%, Australia (48%), New Zealand (50%), and the United Kingdom (55%).
“Of those who want to leave their organisation, the top reason is a lack of career development (36%), followed by a lack of appreciation or recognition (27%), and a lack of training opportunities (26%).”
“Beyond this, reasons extended to no pay rise, management woes, feeling overworked, and a lack of flexibility,” he added.
Check out the full report here.
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Also read: Research Shows Companies In Malaysia Still Hire New Employees Despite Pandemic
