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M'sian professionals only consider job switch for 30% salary hike
Publication Date : 28-01-2014
Malaysian professionals will only consider switching jobs for a 20%-30% salary hike, according to an international headhunting firm.
Good candidates were always in demand, said Robert Walters Malaysia’s country manager Sally Raj in referring to the global recruiter’s 2014 salary survey.
The survey forecast, based on insights gathered across 53 global offices, also found that job applicants took into consideration factors such as a track record of successful employee management, good corporate reputation, a clear career path and international exposure.
Sally said commercial-minded employees with strong skill sets will be headhunted.
“Professionals should consider getting a second degree in business or economics to enhance their marketability,” she said.
She added that jobs in high demand are finance and accounting specialists, in-house legal and IT professionals and human resource practitioners focused on compensation and benefits and talent acquisition.
To retain staff, regular salary reviews and non-monetary rewards and incentives are crucial.
“Those who remain in current employment can expect a yearly increment of between 5% and 7%,” she said.
Commenting on the survey, Malaysian Employers Federation executive director Shamsuddin Bardan said work-life balance plays an important part in attracting and retaining talent.
“Employees don’t just leave for higher pay. Management that does not appreciate talent and the lack of career advancement opportunities are among other reasons employees leave,” he added.