Connect with us


Report: Improve Salaries If You Want to Keep Valuable Staff, M’sian Employers Advised


Report: Malaysian Employers Advised To Improve Salaries To Retain Their Valuable Employees - World Of Buzz 2
Source: Bad Penny | Blogspot

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

According to the 2019 Hays Asia Salary Guide, Malaysian employees can expect more generous salary raises compared to their counterparts across Asia this year. Nearly half (48 per cent) of Malaysian employees could get above-average salary increments. Employers predict that their employees’ salaries are likely to increase by more than 3 per cent but less than 6 per cent.

The 2019 edition of Hays’ Salary Guide indicated that local employers have a more positive perception of their business outlook and salary increments this year. It was reported that 62 per cent of local companies have increased business activity in 2018, while 72 per cent of them predict more business activity in 2019.

Report: Malaysian Employers Advised To Improve Salaries To Retain Their Valuable Employees - World Of Buzz 1

Source: hrd

On top of that, 63 per cent of local companies guarantee bonuses to all their employees in 2019. However, this is a slight drop compared to the 65 per cent of employers in 2018.

On the employees’ side, 55 per cent of Malaysian employees interviewed reported that they were satisfied with their current salaries, 17 per cent higher than what was reported in 2018. Tom Osborne, Managing Director of Hays Malaysia, was quoted as saying,

“It is clear that while positivity surrounding salaries is up, there is still room for improvement.”

“With more and more employees leaving mostly due to the allure of better salary or benefit packages, companies looking to retain valuable employees should work on improving satisfaction rates where remuneration is concerned.”

A large portion of Malaysian employees (60 per cent) also cited salary as the key reason for seeking new jobs, and it was also the main reason they would stay with their current employers.

Report: Malaysian Employers Advised To Improve Salaries To Retain Their Valuable Employees - World Of Buzz

Source: workopolis

Meanwhile, 87 per cent of employers in Malaysia are offering benefits in addition to financial incentives to their employees this year. While this percentage declined compared to 93 per cent in 2018, the number still remains high. Some of the most common benefits are;

  • Health and medical (84%)
  • Car or car allowance (51%)
  • Life assurance (40%)

In terms of talent, Hays found that a significant proportion of employers (94 per cent) is concerned about skill shortages affecting their operations. The report found the following areas in which employers found the most difficulty in recruiting skilled employees;

  • Accountancy and finance: middle management
  • Sales: entry level up to middle management
  • Sales: middle management
  • IT: middle management
  • Operations: middle management level
  • IT: entry level up to middle management

Read the 2019 Hays Asia Salary Guide here to find out more. 

What do you think of this report? Let us know in the comments section!


Also read: Tun M is Urging Employers to Pay Their Staff Better If They Are Making More Profits

Pay - World Of Buzz 5

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

Just In

Sdcdscsdcs Sdcdscsdcs
News16 hours ago

Najib Postpones Trip To Singapore To Help UMNO With Melaka State Elections In Zahid’s Absence

Datuk Seri Najib Razak has postponed his trip to Singapore so that he can help UMNO in the Melaka State...

Collage 24 Collage 24
News16 hours ago

Still Riding E-Scooters On The Road? Then Get Ready To Be Fined Up To RM1,000 Or Jailed For 3 Months

Just recently, the Royal Malaysian Police (PDRM) had prohibited any cycling activities on the highway without approval from the Malaysian...

Floodjb Floodjb
News16 hours ago

Sultan Of Johor Disappointed In Residents Who Threw Rubbish In Drains & Rivers Causing Flood

The Sultan of Johor, Ibrahim Ismail Ibni Almarhum Sultan Iskandar Al-Haj, has expressed disappointment with the people in the community...

Collage 23 Collage 23
News19 hours ago

KJ: 80% Of Adolescents In M’sia Have Received 1 Dose Of The Vaccine In Less Than 2 Months

Back in August, teenagers aged 12-17 started receiving their Covid-19 vaccines following the revised recommendation from the Health Director-General Dr Noor...

Melaka 2 Melaka 2
News20 hours ago

Almost 1,000 People In Melaka Affected By The Flood After 4-Hour Downpour

The monsoon season is expected to begin in November and is forecasted to last until March 2022. However, episodes of...

Ft S Korea Ft S Korea
News22 hours ago

Thousands Of South Korean Union Workers Dressed In ‘Squid Game’ Costumes Rally For Job Security

The Squid Game hype looks like it is here to stay, and has already impacted the world in a variety...

Ft Drugs Ft Drugs
News22 hours ago

M’sian Researchers From UniSZA Create One Of The First Apps to Help Rehabilitate Drug Addicts

Malaysia over the past few months has seen numerous amounts of accidents which were caused by drivers who were high...

My Post 2021 10 22T102053.664 My Post 2021 10 22T102053.664
News22 hours ago

MACC Officers Run Out Of Courthouse To Avoid Media After Being Charged With Corruption

Two Malaysian Anti-Corruption Commission (MACC) officers ran out of the Sessions Court, allegedly to avoid media personnel, after being charged...


Latest Videos