fbpx
Connect with us

Culture

Survey: Malaysian Employees Are The Most Dissatisfied with Their Salaries in Asia

Published

Survey: Malaysian Employees Are The Most Dissatisfied With Their Salaries In Asia - World Of Buzz 4
Source: The Edge

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

If looking at your payslip every month doesn’t bring you joy, then you’re not alone in this. In fact, in Malaysia, employees are the unhappiest in Asia when it comes to their salaries.

3 2

According to a recent study done by recruitment firm Hays Asia, 46% of the 900 Malaysian employees revealed that they were either “dissatisfied” or “very dissatisfied” with their salaries – the highest percentage in Asia. But then, we knew this already right? The survey was conducted from August to October 2019 and had a total of 6,000 respondents across Asia including China, Hong Kong, Japan and Singapore.

“This is likely a compounding factor in high salary expectations from employees that differ from that of employers, creating the potential for mismatched salary expectations in 2020,” Hays Asia said. Meanwhile, 20% of Malaysian employers surveyed said that they did not expect their employees’ salaries to change at all.

2

Based on the study, Malaysia has the highest number of employees from Asia who asked for a pay raise, with 24% in 2019. Most of them were expecting salary increments of between 3% and 6%, while some expected to receive more than 10% increment.

Therefore, it should come as no surprise that Malaysians are the highest percentage of respondents (52%) to actively look for a new job because they are dissatisfied with their salaries. Employees are also on the lookout for new roles mainly because they are unhappy with their salaries (62%), looking for new challenges (48%) and lack of career progression (45%). Over the past four years, these have been the main reasons why employees want to leave the company.

Survey: Malaysian Employees Are The Most Dissatisfied With Their Salaries In Asia - World Of Buzz 1

Nevertheless, the study said that employees remain loyal to the company because of “work-life balance” (41%). Only 38% of Malaysian employees cited “salary or benefits package”, “work location” (37%) and “management style and company culture” (36%) as reasons for staying.

A surprising finding in the study revealed that Malaysians value “training and development opportunities” more than their other Asian counterparts. Hays Asia said that based on these findings, employers should think of other ways to retain employees other than paying them a higher salary.

Survey: Malaysian Employees Are The Most Dissatisfied With Their Salaries In Asia - World Of Buzz 3

Some of these suggestions include incentives like work-life balance, developing employees’ skills and minimising work location difficulties. For employees who are actively seeking for a job, Hays Asia said that they can look into upskilling. Generally, employers look for soft skills such as problem-solving, teamwork, and verbal communication. Hard skills such as project management, statistical analysis and data mining, and computer skills are important as well.

Perhaps this can help you the next time you are asking your boss for a raise or even an extra benefit!

 

Also read: Study: More Than Half of Malaysian Employees are Overworked and Suffer Sleep Deprivation

 - World Of Buzz

Source: The Edge
Source: Hays Asia
Source: Hays Asia

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



Just In

Feat Image Jellyfish Sabah Feat Image Jellyfish Sabah
News2 hours ago

Water Turns Red at Sabah Beach as Tens of Thousands of Jellyfish Wash Ashore in Strange Phenomenon

A strange phenomenon in Sabah has piqued the interest of Malaysians recently after photos and videos of the occurrence went...

Collage 5 9 Collage 5 9
News3 hours ago

“Stand down, you’ve made your point” – KJ Reminds Politician Who’s Criticising KK Mart Over Allah Socks Issue

“Stand down, Akmal. You’ve made your point, you’ve done well, but it’s time to stand your guys down.” In his...

My Post 1 2024 03 27T182644.900 My Post 1 2024 03 27T182644.900
News23 hours ago

Anwar Ibrahim Urges Public to Stop Being Judge, Jury & Executioner Over ‘Allah’ Socks Issue

Prime Minister Datuk Seri Anwar Ibrahim has asked all parties not to prolong the issue of the socks with the...

My Post 1 2024 03 27T170635.860 My Post 1 2024 03 27T170635.860
News1 day ago

KKM Takes Action Against Ramadan Bazaar Vendor After Rag Was Found Inside Murtabak

With Ramadan bazaar vendors doing everything they can to put themselves ahead of the stiff competition they’re facing against other...

Feat Image Padu T20 Feat Image Padu T20
News1 day ago

Economy Ministry: T20 M’sians May Still Get Targeted Subsidies, But Only If They Register for PADU

With registration for the Central Database Hub (PADU) due in just 4 days, the Economy Ministry is now ramping up...

Collage 80 Collage 80
News1 day ago

2 JB Men Get Caught by Religious Dept for Skipping Fast & Eating Publicly, Say They’re Tired from Work

With about 2 weeks left for Ramadhan, many Muslim friends who are currently fasting must be excited for Raya which...

Feat Image Underwater Cleanup Feat Image Underwater Cleanup
News1 day ago

M’sians Band Together to Clean Up a Whopping 12.1 Tonnes of Trash from Sabah Ocean Floor

A whopping 12.1 tonnes of waste were collected from the ocean floor at 3 locations in Sabah recently thanks to...

Collage 2 8 Collage 2 8
News1 day ago

“Raya is in 2 weeks!”- PMX Wants Lower Rentals for Ramadhan Bazaar Vendors, M’sians Say it’s Too Late

The Ramadhan Bazaars in Malaysia are known for the myriads of food but unfortunately, the food markets often go viral...

Announcement

Latest Videos



TRENDING TODAY