Are you unhappy with the salary that you are getting and you wish you're getting more?
Don’t worry, you are not alone!
Malaysians think they deserve more
A survey by international recruiting agency Hays found that Malaysian employees are the least satisfied with their wages among those polled in Asia.
According to a report by Malay Mail, the study, published in Hays’ Asia Salary Guide 2020, also found that one of the factors that caused the dissatisfaction is the lack of a pay raise.
The study found that a whopping 46 per cent of Malaysian employees were dissatisfied or very dissatisfied with their current compensation packages, which is the highest number to say so in Asia.
“Malaysia reported the highest number of employees in Asia at 24 per cent, who asked for a pay raise but did not receive one in the last year,” the report added.
The report said 27 per cent of Malaysian respondents are expecting a wage increment of between three and six per cent, while 25 per cent are expecting an increase greater than 10 per cent.
While Malaysian employees are yearning for a salary increase, it doesn’t hep that the survey also found that Malaysian employers make up the highest percentage of the survey that said they have no plans to increase staff pay.
“The majority of employers in Malaysia at 39 per cent also expect to give out increments between 3 and 6 per cent, but only 4 per cent are looking at increases above 10 per cent.
“These numbers indicate possibilities of severe mismatched salary expectations in 2020, which is further cemented by 20 per cent of Malaysian employers saying they did not expect employee salaries to change at all, making them the highest percentage in Asia to say so.”
Hence, it is not surprising that Malaysia also has the highest number of respondents who are actively seeking a new job, at 52 per cent.
The survey included responses from 6,000 working professionals in China, Hong Kong, Japan, Singapore and Malaysia.
Well, we can only cross our fingers and hope that we get a pay rise this year.