Employment agency predicts pay hike for Malaysians in 2018

BY RAM ANAND
Recruitment firm Robert Walters said today that the business environment in Malaysia is ‘expected to thrive’ in 2018 following a steady hiring activity throughout 2017. — Reuters pic

KUALA LUMPUR, Nov 22 ― Malaysia can expect to see salary increases for talent in several key sectors such as finance and information technology in 2018, a salary survey by recruitment firm Robert Walters has found.

The firm said today that the business environment in Malaysia is “expected to thrive” in 2018 following a steady hiring activity throughout 2017.

The survey, which covers all the countries where Robert Walters has a presence, also paints a positive outlook for hiring activity on Southeast Asia in general.

Among the key sectors that have potential salary increment are accounting, finance, banking, IT, engineering, and also legal and compliance.

The survey said a salary increase of up to 20 to 25 per cent can be generally expected across all these sectors, mainly for talents that change jobs.

“Shared services are expected to expand further, producing higher demand for talent in finance and accounting, IT, and supply chain and procurement,” said Robert Walters’ Malaysia managing director Sally Raj in the survey result.

“In 2018, candidates with high potential or niche skills can expect increments of between 25 to 30 per cent when they move jobs, although a raise of 15 to 20 per cent is common in business practice,” she said.

She said that however, annual increments for those who stay with their companies will depend on inflationary adjustments.