Hiring demand still strong in Malaysia, says report

November 9, 20159:49 am440 views

The job market in Malaysia continues to remain upbeat, according to the Michael Page 2016 Southeast Asia Salary and Employment Outlook.

“We have observed an increase in hiring on a national basis rather than just Kuala Lumpur and the surrounding areas.

“While Kuala Lumpur remains dominant, we’re seeing key decisions and investment being made in other parts of the country,” said Michael Page managing director for Malaysia and Thailand, Paul Cooper.

As Malaysia seeks to become a manufacturing and logistics hub, demand for talents in these sectors has risen, with 31% of employers looking for talents in the manufacturing sector and 22% in the logistics sector, the report said.

It said although the government had continued its efforts to encourage Malaysians working overseas to return home through tax incentive schemes and the returning expert programme, most Malaysian expatriates were attracted by the opportunities and lifestyle abroad, with the weak ringgit further dampening salaries if they returned.

According to the report, 48% of Malaysians changed jobs to increase their salary, while 37% of respondents are expecting a salary increase of 6%-10% in the coming year.

“For Malaysia, salary and career progression are the top two motivators, at 64% 57% respectively, while recognition and benefits (55%) comes in third,” it said.

The survey is based on findings of more than 850 employers across a range of industry sectors in Singapore, Malaysia and Indonesia.

The report aims to provide an overview on market and employment conditions and wages, and an outlook across the different sectors


news source & image credits: themalaysianinsider.com

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