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Malaysia
Salary & Employment Outlook
I N THIS REPO RT
1-5%
salary increase
expected
F I ND OU T W H AT
YOU ’R E W ORTH
Key Trends
Numbers at a Glance 08
Malaysia Overview 10
Legal 22 Technology 41
Marketing 24
China, in particular, has seen the meteoric rise of various local brands,
now multinationals in their own right and visible to the world. Of these
organisations, 21, including Internet giant Alibaba and online travel
agency Ctrip, have been listed in Forbes’ Asia’s Fab 50 Companies
list. The list also includes companies in Hong Kong, Taiwan, Thailand, 3 WAYS TO HIRE THE RIGHT PEOPLE
Indonesia and Malaysia.
Successes and challenges 1. PROMOTE YOUR COMPANY VALUES. Does your culture
reward teamwork or competitiveness? Or do you value
For many domestic companies, success usually comes from ensuring
customer service, creativity or innovation? Promoting your
compatibility between products/services offered and market demands
company values will help attract like-minded individuals and
as well as localising their talent pool to leverage employees’ market
increase the likelihood of finding the perfect match.
knowledge, among other reasons.
2. HAVE A COMPELLING EMPLOYEE VALUE
However, many face the perennial challenge of finding candidates who
PROPOSITION (EVP). Top performers want to know what
have an international perspective, strong knowledge of local markets
sets your company apart. What does it stand for? How is
and the requisite language skills. As they find success within their home
achievement recognised and rewarded? Aim to promote
countries and look to expand overseas or execute successful IPOs (initial
these attributes through your online platforms, public
public offerings), the search for talent would have to be taken a step
relations or even word-of-mouth. Remember to separate your
further — this means acquiring true Asian knowledge plus experience in
employment brand from your consumer brand.
other markets.
In the past, domestic brands have had to work hard at making 3. BE OPEN-MINDED. Often, the best candidates exist outside
themselves more attractive to prospective hires, be it through creating of your industry. A high-potential candidate with strong
a more international corporate culture, introducing better pay/benefits, transferable skills will often do well even in another industry,
and ensuring clearer project and performance management processes. when given the right training. They may also bring with them
This is working in China where 44% of domestic employers surveyed new and innovative perspectives that will help move your
said they would provide increments of 6-10%, almost on par with foreign business forward.
multinationals (46%).
Those who are highly successful at hiring have two secrets to success:
they simply hire the right people for the job — those who have the right
skill sets and share company values — and they figure out the most
effective platforms to engage their target audiences.
As a relatively young industry, the technology market is expected to face 4. INVEST IN TRAINING. Training is an investment to maximise
a considerable shortage of talent in this space. Employee recruitment your team’s capacity and improve your employee retention
and retention will become increasingly competitive, as the rate of rate. Hence, this should be an important piece of the
technological growth outpaces talent development. Adding to such budget puzzle – not an afterthought. Technology employees
challenges is the tendency of candidates moving around more frequently typically enjoy learning new skills. The opportunity to earn
than in other sectors, attracted by better opportunities and remuneration CV-enhancing qualifications like CCNA, MCP, PRINCE2 or
packages. Certified ScrumMaster, is valued.
To overcome this shortage, companies are beginning to recruit
5. DISCUSS CAREER PATHS. To prevent technology staff
beyond their industries and national borders. Talent flow is likely to be
becoming dissatisfied or restless with their job, it is worthwhile
technology-focused rather than business-focused. Salaries are likely to
at annual review time and throughout the year to ask what
increase as well.
each employee is looking for in their career – whether it is
the opportunity to try new things, new roles or to transfer to
another location.
While D&I efforts can be better encouraged on the domestic front, local 3. CREATE AN ENVIRONMENT THAT SHOWS SUPPORT.
companies that are taking the biggest strides in this area are typically For example, if your company has a work-from-home policy,
those looking to expand abroad: for example, several Chinese banks ensure that leaders are supporting this initiative 100% and
opening in Hong Kong and technology businesses expanding across that the employees have the tools, like laptops and remote
the globe have made determined efforts to look more attractive to access permissions, to telecommute productively. Otherwise,
international talent, and this has included having clear policies on D&I. employees might feel that the policies are just for show.
The good news is that majority of employers across Asia (93%), 4. AVOID UNCONSCIOUS BIAS. Train managers to be more
comprising local firms and foreign multinationals, have said that they are aware of their hidden biases. People tend to recruit talent
committed, in varying levels, to supporting their D&I efforts. Among all, who are most similar to their backgrounds and personality.
Singapore stood out, with 91% of employers affirming their commitment However, such an approach reduces diversity and in the long
to D&I, as the local government continues to champion such efforts. run, new ideas and perspectives.
Throughout Asia, gender appears to be the top focus of most
5. DO NOT FORGET INCLUSION. Once a diverse workplace
companies’ D&I programmes, with slightly over half (53%) of
is set in place, companies should follow up by introducing
companies making a clear push for recruiting and promoting women in
programmes that foster collaboration among the different
organisations. Beyond gender, companies are also focusing programmes
groups. This can be done through organisation-wide projects,
on age (42%) and minority ethnic groups (34%).
like corporate social responsibility initiatives, which allow
employees of all levels to work with different groups.
Malaysia has experienced a steady 2016, with bright spots observed in the fast-
expanding healthcare, technology and e-commerce sectors. What are employers’
hiring intentions for 2017?
HEADCOUNT 47%
INCREASES of employers surveyed are expected
to recruit new hires
HIRING ACTIVITY
60%
of employers who plan to increase
headcount say they are actively
seeking mid-level employees
SALARY INCREASES
50%
of Malaysia employers expect to
increase salaries by ≤5% in the
next 12 months
2 3
& RETENTION
INITIATIVES 61% 47%
Salary increases Workplace
flexibility
TOP 3
FOCUS POINTS
1 47%
Gender
FOR DIVERSITY
AND INCLUSION
PROGRAMMES 2 40% 3 25%
Age Minority ethnic
groups
Insights
Financial technology, the Internet of Things and Big Data are expected
to be among this year’s fastest-growing sectors. Many companies
will be building in-house digital teams and some roles are expected
to encompass the Asia Pacific or South East Asia region. Already, the
government has announced plans to set up digital hubs for the country’s Hot jobs
start-up community in the country.
Digital
Agency
SEO/SEM Executive 48 – 72 60
In-house
Web Designer 48 – 72 60
SEO/SEM Executive 48 – 72 60
E-commerce Executive 48 – 72 60
Design
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Insights
The pharmaceutical and medical devices markets are set for growth this
year, due largely to the increased demand for healthcare products and
services worldwide. Food and beverage (F&B) manufacturing is expected
to do well due to Malaysia’s status as a Halal hub, attracting investment
from large fast-moving consumer goods players. Hot jobs
More start-ups and greenfield projects are expected to be established
this year due to tax rebates by the Malaysian government in the medical
devices and food manufacturing sectors.
Engineers with good analytical skills who are able to detect and avoid
breakdowns before they happen (total productive maintenance (TPM)/
reliability engineering) are expected to be well sought after. On that same
note, professionals with Lean Six Sigma/continuous improvement will be
in demand.
Design Engineer 60 – 78 69
Application Engineer 60 – 78 69
Production/Manufacturing
Production Engineer 60 – 78 69
Engineering
Engineering (Manufacturing,
72 – 96 84
Mechanical, Electrical & Electronic)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Quality Engineer 60 – 78 69
Operations
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Insights
The slowdown of the country’s oil and gas industry will also result in a fall
in tax revenue, likely affecting businesses across all industries. Commercial finance managers,
commercial FP&A (financial planning
Over the next 12 months, the business climate in Malaysia will generally
and analysis) specialists, credit
be challenging across some sectors. Budget cuts will be common in the
controllers, accountants, financial
industrial sector, and many large multinationals will likely consolidate their
regional accounting functions into one, resulting in fewer commercial
controllers and FP&A analysts;
roles. In addition, emerging markets like Myanmar and Vietnam are roles in process improvement and
demanding more skilled regional workers, and more Malaysians are system implementation; roles in
leaving home to pursue these opportunities. internal audit, risk management and
compliance; mid- to senior- level tax
Industry 4.0, one of the Malaysian government’s initiatives to support
manufacturing automation, is expected to help boost the recovery of the
managerial roles.
country’s manufacturing’s sector. Additionally, more foreign investors are
also willing to invest in Malaysia due to lower raw material costs, which
subsequently translates into decreased operating costs.
Finance
General
Cost Accountant 60 – 96 78
Specialist
Internal Audit
Internal Audit Senior Manager (Large Local Organisations) 180 – 300 240
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Finance
Risk
Compliance
Assistant Manager/Supervisor 72 – 78 75
Manager 90 – 102 96
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Finance
Tax
Tax Consultant 48 – 72 60
Assistant Manager 78 – 96 87
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Insights
As organisations realise the value of aligning HR processes and policies, HR business partners
in particular employee attraction and retention, with business goals, HR and HR generalists.
professionals now need to demonstrate strong business acumen and
partnering skills as well as adaptability and flexibility.
Human Resources
Payroll Specialist 48 – 72 60
Mobility Specialist 48 – 72 60
HRIS Specialist 48 – 72 60
Payroll Specialist 42 – 72 57
Mobility Specialist 48 – 72 60
HRIS Specialist 48 – 72 60
Recruitment Specialist 60 – 96 78
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Insights
Legal
Private Practice
SALARY (MYR’000) RANGE MEDIAN RANGE MEDIAN RANGE MEDIAN RANGE MEDIAN
ROLE 3-5 YEARS PQE 5-10 YEARS PQE 10-15 YEARS PQE 15+ YEARS PQE
Private Practice (Local Firms) 30 – 72 51 72 – 120 96 120 – 216 168 216+ N/A
Private Practice (International Firms) 42 – 78 60 78 – 144 111 144 – 216 180 216+ N/A
Please note: The above table includes salary data collected from leading and international law firms.
In-house Corporate
SALARY (MYR’000) RANGE MEDIAN RANGE MEDIAN RANGE MEDIAN RANGE MEDIAN
ROLE 3-5 YEARS PQE 5-10 YEARS PQE 10-15 YEARS PQE 15+ YEARS PQE
In-house Corporate (MNC) 54 – 78 66 78 – 144 111 144 – 216 180 216+ N/A
Please note: The above table includes salary data collected from Malaysia private and listed companies, and multinational corporations.
Corporate Secretariat
SALARY (MYR’000) RANGE MEDIAN RANGE MEDIAN RANGE MEDIAN RANGE MEDIAN
ROLE 3-5 YEARS PQE 5-10 YEARS PQE 10-15 YEARS PQE 15+ YEARS PQE
Please note: The above table includes salary data collected from international/investment banks, local banks, insurance companies and fund/private equity/security houses.
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Insights
Marketing
Marketing Executive 42 – 54 48
Public Relations
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Financial Services
Event Management
Event Coordinator 30 – 48 39
Event Planner 36 – 60 48
Events Manager 48 – 96 72
Research
Media
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
IT & Telecommunications
Manufacturing/Industrial
Marketing
Media/Entertainment
Professional Services
Marketing Executive 36 – 60 48
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Insights
The market for shared services is likely to do well in 2017. In the last
two years, a significant number of foreign companies have set up
shared services centres (SSCs) in Malaysia because of the country’s
well-educated, multilingual talent. While SSCs have traditionally offered
information technology (IT) and finance services, an increasing number Hot jobs
are expanding into other functions, such as procurement and order
management.
Logistics/Warehousing/Distribution
Warehousing
Warehouse Supervisor 36 – 60 48
Logistics
Logistics Supervisor 36 – 60 48
Procurement
Procurement Officer 36 – 60 48
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Supply Chain
Planner/Analyst 36 – 60 48
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Insights
The construction sector has received a boost from the government’s Hot jobs
support of infrastructure projects such as the construction of high speed
railways, highways and double track works.
Over the next 12 months, the hiring market looks to be challenging due
to talent shortages as well as a weakening ringgit. Malaysia continues to
grapple with brain drain, and recruiting the right talent for niche technical
roles will continue to be a challenge, especially for the construction and Construction managers and directors,
post-construction sectors. quantity surveyors and contract
managers, leasing managers
With a record number of infrastructure projects commencing and new
and directors, facilities managers
buildings nearing completion this year, the sector’s talent shortages
will be even more significant as firms will need to hire staff in facilities
and directors in malls and
management, leasing management and building maintenance. office buildings.
Candidates can expect between 10 and 20% in increments when
switching roles. Those with Chinese-language proficiency will be
in high demand, due to strong sector investment from China. With
continuing foreign direct investment from China, candidates with strong
Chinese skills are in high demand in the property and construction
sector. Candidates who have experience in leasing, centre and building
management, and construction management, among others, will have
an edge.
Consultancy
Property Officer 48 – 72 60
Project Engineer 54 – 84 69
Leasing Officer 36 – 84 60
Valuations Manager 48 – 96 72
Facilities Officer 36 – 60 48
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Projects
Project Officer 42 – 66 54
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Insights
Account Manager 36 – 48 42
Account Director 84 – 96 90
Account Management
Sales
Financial Services
Sales Executive 36 – 72 54
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
IT & Telecommunication
Vice President/
240 – 360 300
Sales & Marketing/Marketing Director
Manufacturing/Industrial
Sales
Media/Entertainment
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
PR Agencies
Account Executive 24 – 60 42
Account Manager 48 – 84 66
Professional Services
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Insights
Over the next 12 months, competition for top talent will be more intense,
resulting in higher salaries for roles which are in demand, such as jobs Hot jobs
in migration management or foreign language-speaking positions. More
SSCs are expected to be established in the region, providing more job
opportunities.
Shared Services
PTP
OTC
RTR
Sales Support/Billing
Others
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
4. Roles with foreign language requirements will have an additional RM1,000 – RM2,000 language allowance.
Shared Services
General Management
PMO/Continuous Improvement/Transition/Migration
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
4. Roles with foreign language requirements will have an additional RM1,000 – RM2,000 language allowance.
Insights
Over the next 12 months, numerous multinationals will be seeking Hot jobs
candidates for IT security functions such as security specialists with
cloud knowledge.
Financial Services
Analyst Programmer 72 – 84 78
Testing
Test Analyst 60 – 72 66
Database Management
Database Administrator 42 – 84 63
Infrastructure/Network
Network Support 42 – 72 57
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Financial Services
Support/Administration
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Commerce
Analyst Programmer 60 – 72 66
Testing
Test Analyst 60 – 84 72
Database Management
Database Administrator 42 – 84 63
Infrastructure/Network
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Commerce
Support/Administration
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are
often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash), excluding
bonus/incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
Part of