Employers upbeat on business outlook, salary increases, says recruitment firm

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Nearly half of Malaysian employers expect staff salaries to increase by above 3% but less than 6% in 2019, says the Hays report.

Employees in Malaysia expect more generous salary increments compared with their counterparts across Asia.

It said 72 % of respondents predicted a continuation of heightened business activity in 2019, and as a result, nearly half of them foresee an increase in permanent staff levels. More than half of employees interviewed stated they were “satisfied” with their current remuneration packages, a marked improvement from the 38 % the previous year.“It is clear that while positivity surrounding salaries is up, there is still room for improvement,” said Tom Osborne, managing director of Hays Malaysia.

Confidence among employers in the ability to recruit talents to meet organisational needs in 2019 is on the downtrend, with 50 % “confident” and 5% “very confident”, down from 59% and 6% respectively in 2018.

 

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