According to the Robert Walters 2014 Global Salary Survey, Malaysia Remains Preferred Shared Services Regional Hub in 2014

Job seekers with the necessary skills and qualifications in accounting and finance, IT and sales and marketing will have choice

pickings this year. According to Robert Walters’ latest annual Global Salary Survey 2014, recruitment for professionals in Malaysia is likely to remain active as more shared services hubs, attracted to the country’s economic stability and sound infrastructure, make their entry.

Figures from the survey suggest that on average, professionals who secure new positions will expect 20-30% salary increments in 2014. While those who remain in their current employment can anticipate a 5-7% pay increase in line with GDP.

Sally Raj, Country Manager of Robert Walters Malaysia, comments:

“With continuing government initiatives to improve the infrastructure, Malaysia has become an ideal business environment for an

increasing number of multinationals. This is likely to drive competition between firms for the best talent. In order to fulfil the demand for quality Malaysian professionals, we can look towards the government’s efforts to bring overseas nationals home.

This group of candidates with international exposure is expected to raise standards as well as impart technology and industry knowledge to the current workforce.” Sally said commercial-minded employees with strong skill sets will be headhunted.

“Professionals should consider getting a second degree in business or economics to enhance their marketability,” she said. She added that jobs in high demand are finance and accounting specialists, in-house legal and IT professionals and human resource practitioners focused on compensation and benefits and talent acquisition. “Those who remain in current employment can expect a yearly increment of between 5% and 7%,” she said.

There are increasing opportunities for accounting, finance and IT professionals in Malaysia driven in part by more active shared services hubs in the country, according to international recruiter Robert Walters’s latest annual Global Salary survey 2014 Robert Walters Malaysia country manager Sally Raj said the study indicates that Malaysia will remain a preferred shared services regional hub in 2014. “With continuing government initiatives to improve the infrastructure, Malaysia has become an ideal business environment for an increasing number of multinationals,” said Raj.

“This is likely to drive competition between firms for the best talent,” she said. “In order to fulfill the demand for quality Malaysian professionals, we can look towards the government’s efforts to bring overseas nationals home. This group of candidates with international exposure is expected to raise standards as well as impart technology and industry knowledge to the current workforce.” “2013 was a positive year for accountancy recruitment, particularly as new shared service centres opened across the region,” said Raj.

“Growth in this area was supported by Malaysia’s economic stability, infrastructure and government incentives, together with a strong pool of qualified professionals. In turn, accounting professionals and heads of shared services found themselves with more opportunities, a trend that’s set to continue this year.” She said the survey’s findings suggest that on average, professionals who secure new positions can expect 20-30 percent salary increments in 2014. “While those who remain in their current employment can anticipate a 5-7 percent pay increase in line with GDP [gross domestic product].”  

Other expectations

Raj said that as Malaysia increases focus on becoming a global leader in Islamic banking, professionals with a proven track record

in this area will also find new opportunities Professionals with Islamic banking expertise will find new opportunities and IT professionals with mobile, big data, cloud services and social computing will be sought after, the survey revealed. As for HR professionals, the survey indicated those with experience in employer branding, compensation and benefits, as well as talent management will have plenty of opportunities this year. Salaries are likely to rise as competition for HR professionals increases.

“The areas in IT likely to see impressive growth include big data, cloud services, mobility and social computing this year,” she said.

“Meanwhile, hiring manages in HR will seek hires with experience in employer branding, compensation and benefits as well as talent management.” “In addition, we anticipate more opportunities in the FMCG [fast moving consumer goods] sector for sales and branding professionals as companies seek strong commercial talent to launch new brands or categories in a highly-competitive market,” said Raj.

“Companies in the manufacturing sector are continuing focus on operational efficiency and will be looking for people with skills and experience in continuous improvement, lean and project management,” she said. As the competition for local talent increases, the Malaysian government is expected to step up its efforts to bring overseas nationals home, said Raj.

“It is hoped that those with international experience and exposure can be tempted back to fill skills gaps, raise standards, and facilitate knowledge and technology transfer to the domestic market.”

Other Key Highlights for 2014

• As Malaysia increases focus on becoming a global leader in Islamic banking, professionals with a proven track record in this area will find new opportunities
• Hiring managers in HR will seek hires with experience in employer branding, compensation and benefits as well as talent management
• The areas in IT likely to see impressive growth include big data, cloud services, mobility and social computing
• Among FMCG, we anticipate more opportunities for sales and branding professionals as companies seek strong commercial talent to launch new brands or categories in a highly-competitive market
• As manufacturing companies focus on operational efficiency, people with skills and experience in continuous improvement, lean and project management will be sought-after

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