8 Out Of 10 Malaysian Employees Expect Pay Rise Or Bonus: Randstad Workmonitor

By Tengku Noor Shamsiah Tengku Abdullah SINGAPORE, Dec 11 (Bernama) -- Eight out of 10, or 83 per cent, employees in Malaysia expect a pay rise or bonus at year-end, and six in 10 (62 per cent) believe that the Malaysian economy will improve in 2015. These findings were revealed as part of Randstad's Fourth Quarter 2014 Workmonitor report released Thursday. Randstad Malaysia Director, Jasmin Kaur, said as the employees were confident that the economy would be in good shape in 2015, it was not surprising that they were expecting to reap the rewards. "In addition, with different industries in Malaysia gearing up for the establishment of the Asean Economic Community in 2015 and becoming a high-income nation by 2020, employees in Malaysia are shouldering a heavier workload and expect to be compensated. "While offering monetary rewards and incentives in terms of a pay rise or financial bonus may motivate many employees, business leaders are increasingly finding that their top-performing talents are often driven by the provision of leadership or career development opportunities," Jasmin said. This is supported by nine in 10 (88 per cent) employees seeing the focus on talent development as an opportunity for personal growth. The survey also found that 71 per cent of employees are allowed to define their own career paths; while seven in 10 (70 per cent) recognise the increased time and resources dedicated to talent development programmes at their workplace today as compared to 10 years ago. Jasmin said the results showed that employers in Malaysia are beginning to realise the importance that their workforce is placing on career and talent development -- employees wanted to climb up the corporate ladder faster than ever before and were looking to their employers to help them get there. "Therefore, employers that provide these opportunities to their staff will be able to reap the benefits of having more loyal and engaged workers. This is especially important in Malaysia’s tight labour market and heated war for skills," she added. The Randstad Workmonitor was launched in the Netherlands in 2003 and now covers 34 countries around the world, encompassing Asia Pacific, Europe and the Americas. --BERNAMA