{"id":26903,"date":"2016-11-11T10:50:09","date_gmt":"2016-11-11T02:50:09","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=26903"},"modified":"2016-11-11T10:59:19","modified_gmt":"2016-11-11T02:59:19","slug":"malaysians-real-wage-increases-by-2-in-2017","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/malaysians-real-wage-increases-by-2-in-2017","title":{"rendered":"Malaysians \u2018Real Wage\u2019 Increases By 2% In 2017"},"content":{"rendered":"
Bad news for Malaysians: Salary increases are expected to be lower than last year, at 2% in 2017 due to rising inflation. \u00a0This is down from the 3.1% in 2016, said ECA International.<\/p>\n
\u201cLow unemployment continues to exert upward pressure on wages in Malaysia and this is reflected in the 5% nominal salary increases forecast next year,\u201d said Lee Quane, regional director \u2013 Asia, ECA International.<\/p>\n
With high labour cost in Malaysia compared to some of its competitors, investments are lost, especially to other ASEAN member economies, Lee added.<\/p>\n
According to the latest Salary Trends survey by ECA International, Malaysia ranks at the 14th<\/sup> position in the Asia Pacific regional rankings for real wage increases, and the 11th<\/sup> position for nominal salary increase:<\/p>\n