Everyone in the working world knows how much of a struggle it is to make ends meet, which is why many of us often put in extra hours in hopes of getting a good raise at the end of the year.
According to a report by human resources firm based in the Netherlands, Randstad, salary expectations in Malaysia were ranked the highest in Asia, with 78.1 per cent of employees reportedly hopeful for a pay raise this year.
According to the New Straits Times, an excerpt from the study reads,
“Vastly different to Singapore and Hong Kong SAR, experienced professionals in Malaysia are slightly more likely to demand a higher salary (78.6 per cent) than their younger counterparts (77.5 per cent).”
The report also pointed out that 80 per cent of Malaysian employees expect to receive a bonus from their employers in 2018.
Ryan Carroll, Country Director of Randstad Malaysia pointed out this optimism in a statement, saying,
“As the market continues to expect growth, employees are expecting to be rewarded for their hard work. Companies should invest in assessing their salary and benefits packages for employees to help improve employer brand, attract the right talent and retain their employees.”
On top of that, the report also indicated that Malaysia has one of the highest percentages of job changes, with 14 per cent of Malaysian respondents working at a comparable position at another employer. Job satisfaction also increased among Malaysians in the past year, with 76 per cent of them indicating that they are very satisfied with their current jobs. Are you satisfied with your current job?
What do you think of this study’s findings? Do you think the results are an accurate representation of Malaysian employees? Let us know in the comments below!