Employers are at risk of losing workers as it was revealed that about 48% were on the search for new job opportunities, according to the 2018 Hays Asia Salary Guide.<\/p>\n
Furthermore, it was revealed that 35% of workers here were planning to change employers within six months, while 43% were already open to job offers.<\/p>\n
Hays Regional Director of Malaysia Tom Osborne said 69% of survey candidates revealed salary and benefits was the top reason that influenced their decisions to jump roles, while the second highest reason was due to lack of career progression (44%) followed by desire to seek new challenges (42%).<\/p>\n
“Our Guide is an excellent indicator of generational change amongst Malaysia’s workforce. Salary and benefits remain a key driver for job hunters, but we are seeing candidates place greater value on non-financial benefits too, particularly on career progression.<\/p>\n
“32% say there is no scope for ‘career progression’ with their current employer and 31% are unsure about what’s available. This makes the case for employers to communicate career pathway options more clearly as well as what responsibilities lie with employees themselves,” he said.<\/p>\n
He added their research found employers need to foster greater self sufficiency among employee in terms of professional development. Furthermore 98% of survey respondents, who were employers, believe skill shortages could prove an obstacle for their business operations in the coming year.<\/p>\n
“However, the most important message is for talent who want to stand out from the pack. Staying relevant in a fast-changing employment market is the responsibility of every candidate in Malaysia and should be their top priority for 2018,” he said.<\/p>\n
Meanwhile, other findings included 62% were not satisfied with their compensation and benefits, while 58% did not request for a pay rise in the previous year.<\/p>\n