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1、1Salary Watch 2020:Malaysia获取更多最新资料请加微信y o u z i c m s 6662RGF Salary Watch:MalaysiaAbout this Report RGFs Salary Watch:Malaysia report has been conducted with the aim of better understanding the salary trends and data across all industries and job levels in Malaysia.This report is based on the RGF-
2、owned candidate pool covering more than 90,000 candidates in our Malaysia database(collected from February 2019 to February 2020).The definition of annual basic salary used does not include allowance,stock,bonus or any other additional benefits,and the used is USD1=RM4.Due to the real-time nature of
3、 some of this data,RGF encourages readers to use its insights at their discretion.获取更多最新资料请加微信y o u z i c m s 6663RGF Salary Watch:Malaysia16Table of ContentsAbout the ReportTable of ContentsMalaysia Overview Key Trends Job Market Trends Salary Data ReferencesAbout RGF 23 578 12 4142获取更多最新资料请加微信y o
4、u z i c m s 6664RGF Salary Watch:MalaysiaOverview of Malaysia获取更多最新资料请加微信y o u z i c m s 6665RGF Salary Watch:MalaysiaA Focus on DigitalizationLABOR MARKET SIZE22.4 MILLION1GDPUSD370 BILLION2PMI504FDIUSD7.5 BILLION3(Key Index 2019)Since 2018,Malaysia has been setting the groundwork to digitize and b
5、ecome a smart nation5.In turn,the country has garnered interest from international businesses looking to move into the region especially in the technology and industrial sectors.As these companies set up shop,they are looking to hire talent with niche,technical and digital skills.With the outbreak o
6、f COVID-19,Malaysia experienced limited export growth in the first quarter of the year due to its close business partnerships with Mainland China.This led to a revision of its economic forecast by the World Bank,moving from an outlook of 4.6%GDP growth to 4.5%as of Feb 20206.When the virus began to
7、spread throughout Malaysia,the government ordered a nationwide lockdown beginning March 18th.Though this pause in productivity will impact the economy throughout the first half of the year,the stimulus package passed by the government should help keep the economy afloat,and it is expected that GDP g
8、rowth will rebound in the near future7.Once workforce productivity is back to normal in Malaysia,the rapid pace of Industry 4.0 adoption is expected to resume,with automation driving transformation across many sectors,as well as driving up demand for tech-savvy job candidates.获取更多最新资料请加微信y o u z i c
9、 m s 6666RGF Salary Watch:MalaysiaThe combination of the minimum wage increase that was put into place by the government in February 2020 and the very quick spread of COVID-19 that led to a movement control order has significantly impacted Malaysian businesses.These factors have certainly driven com
10、pany stakeholders to be more cost-conscious,and leaders have learned and leveraged the current situation to restructure their businesses and adapt to the new norm.Because of the rapid changes that have been made to combat the global pandemic,the economic outlook for the region has changed drasticall
11、y for the first time in many years.This means employees may not receive the annual salary increment they are accustomed to,and job seekers may not be offered compensation packages as per market practices in the past.Whats more,the volatility of the market has led to a slowdown in hiring as well as h
12、iring freezes though the job market will pick back up eventually,it could be quite so time before companies feel secure enough to bring in new employees.Because of the sudden economic downturn,the Malaysian government introduced the Prihatin Rakyat Economic Stimulus Package(ESP),a series of short-te
13、rm measures meant to help ease the financial burdens of Malaysians and the business community.The outbreak will change careers and the lives of many of us for the foreseeable future,therefore we anticipate the employment market and what are considered hot jobs will be skewed towards sectors that wil
14、l help the business community adapt to the new norm.Because of this,it is likely there will be a rise in the need for new skill sets that include specialized knowledge and experience in sophisticated technology such as artificial intelligence,cybersecurity,and data analysis.New Wage Regulations are
15、Great for Employees,Worrisome for Employers”Ai Ling LeeManaging Director,RGF Executive Search Malaysia获取更多最新资料请加微信y o u z i c m s 6667RGF Salary Watch:MalaysiaSeeking Senior ProfessionalsAs industries across Malaysia digitize and begin moving toward reindustrialization,companies are in need of senio
16、r management professionals with experience leading transformative business efforts.Though most industries are being impacted by the governmental shift in focus to digitize,industries such as finance and automotive manufacturing are particularly important to the economy,requiring not just process transformation,but workforce transformation,as well.Because of the need to upskill and reskill employees alongside implementing new technologies,workflow processes and best practices,many companies are l
