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The 2016 Hays Asia Salary Guide revealed that 50% of Malaysian employers are keen on increasing their employees' salary this year
Image via Bloomberg
While only 10% of Malaysian bosses are expected to give a raise of more than 10% to their employees, a major bulk of local employers – a whopping 39% – have stated that they might give a raise up to 6% this year
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Other key findings from the report include:
**84% of employers across Malaysia, Hong Kong, Singapore, Japan and China, said that they would give benefits along with salary and bonus, with 78% of employers naming health and medical as their top choice of employee benefit.**
Image via Hays
**57% of employers have stated that their organisation has flexible work practices, with 70% of them allowing flexible working hours.**
Types of flexible working practices that employers offer across Japan, Malaysia, Singapore, Hong Kong, and China
Image via Hays
**What is the percentage of women in Malaysian organisations that work in managerial positions?**
Only 29% of women are in management positions in organisations across Malaysia, Japan, Hong Kong, Singapore and China
Image via Hays
Hays's salary guide also revealed that 95% of employers have disclosed that annual bonuses rely a great deal on company performance and growth
As for the average percentage of staff salary that may be awarded as a bonus this year, only 10% will receive the full amount of their salary, as stated below:
While highlighting that employee salary expectations have increased this year, Christine Wright, the managing director of Hays Asia, stressed that candidates should remain realistic and do extensive research before approaching their bosses for pay raises
In Malaysia, salary and benefit package is the biggest determining factor for employees when seeking for a new job
While salary and benefit package is the main reason why Malaysians would seek for new jobs, Japanese employees' on the other hand, focus more on seeking new challenges when changing jobs.
However, most employees in these countries, have named work-life balance as the main reason for opting to stay with the organisations they are attached to
Image via Hays
