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Salary Guide 2020
Download Malaysia Salary Guide 2020
Talent Trends 2021 is coming soon
Employers will be equipped with insights on winning the race for talent as well as building a resilient and agile workforce. The themes will include: top talent salary expectations, average job offer to top talent within your industry, future work strategies, talent attraction and retention strategies, etc.
The Michael Page Salary Benchmark is our annual salary guide developed as a reference for hiring managers and job seekers to make informed employment decisions in Malaysia. The guide benchmarks the salaries of various job functions across different sectors, including Finance & Accounting, Technology, as well as Sales and Marketing. Leveraging data from Michael Page’s proprietary data and network, studies and observations, the guide provides precious insights to hiring trends and market sentiments in the Asia-Pacific region.
Furthermore, an additional section, titled “What is the Malaysia workforce thinking”, will delve into the specifics of what Millennials and Generation X are thinking with regard to work, including topics like:
Average salary increase when changing jobs*
|Business Services||15 - 20|
|Engineering & Manufacturing||10 - 15|
|Fast Moving Consumer Goods (FMCG) & Retail||15 - 25|
|Financial Services||15 - 25|
|Healthcare & Life Sciences||18 - 23|
|Technology & Telecommunications||10 - 22|
* Data is derived from July 2018 to June 2019, and is validated against insights from our leaders’ and consultants’ interactions with clients and candidates.
How can the report benefit you?
- Understand factors that attract and retain talent
- Project reasonable talent cost based on hiring forecast
- Discover top reasons for resignation
- Find out potential roles to upskill for
- Cite informed salary expectations when switching jobs
- Discover trending skills for your job function
Malaysia Salary Benchmark 2020: Technology growth fuels Malaysia’s new decade glow
Starting any new decade always sparks a sense of excitement, as we not only imagine what the year might bring, but where our businesses might be 10 years from now. In Malaysia, the sense of starting afresh is a palpable one, as the country continues to embrace its new political and business realities. The local business community, too, enjoys the benefits of initiatives like Malaysia 4.0, particularly its mission to embrace the promise of automation, and attract new tranches of investment into the economy.
With this in mind, many of those we speak to remain bullish about the year ahead, willing to put aside some obvious storm clouds on the horizon from a macro-economic point of view, and embrace what we see as excellent economic fundamentals for this economy, many of which are only now being truly leveraged. This was highlighted recently by the World Economic Forum’s (WEF) Global Competitiveness Report, which gave Malaysia perfect scores for both macro-economic stability and its credit gap. Specifically, Malaysia scored a healthy 10-year average of 4.8% in terms of annual GDP growth, as well as a five-year average of 3.1% in terms of foreign direct investment. More encouraging still is an economy that embraces change, so much so that out of 141 economies, WEF ranks Malaysia third in the world for companies embracing disruptive ideas, and fourth overall for its entrepreneurial culture.
For Michael Page, with a strong base in Digital and Technology hiring and a proud history of working with SMEs, this is truly exciting. And with natural advantages in terms of location, population mix and cost base, we see huge potential for businesses to invest further here in a regional sense, together with rich opportunities for Malaysians to return and enjoy the benefits of an exciting decade ahead.