JobStreet Malaysia’s Salary Report 2022

JobStreet Malaysia’s Salary Report

JobStreet Malaysia’s Salary Report

JobStreet reveals latest salary insights for 2022

Article by Business Today Editorial -February 28, 2022

According to JobStreet Malaysia’s Salary Report 2022, the employment market charted an average salary growth of 3.2% year-on-year (y-o-y), with education/training and accounting/finance specialisations having the highest salary growth rates.

However, due to Covid-19 and the resulting lockdowns, layoffs and digitisation uptake; several industries and specialisations saw decreases in salaries. They included F&B, hotels/restaurants, building/construction and sales & marketing.

The report was based on data collected by JobStreet between Q1 to Q3 of 2021, against the same three quarters of 2020.

“This report serves to better prepare companies in understanding salary trends across different specialisations and position levels, enabling them to make more strategic decisions in acquiring and retaining talent,” said JobStreet Malaysia’s Managing Director Vic Sithasanan.

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2022 Malaysia Salary Report by Jobstreet

EduSpiral gave me useful information & evidence on why I should choose the best university. Philip Sim, Information Technology (IT) graduate from Asia Pacific University (APU)
EduSpiral gave me useful information & evidence on why I should choose the best university.
Philip Sim, Information Technology (IT) graduate from Asia Pacific University (APU)

“With this report, hiring managers/HR professionals can now move more confidently into 2022 with the most in-depth salary insights across industries, specialisations and locations.”

Overall, 43.3% of new job listings in Malaysia saw increases in salary offered, while 18.9% remained unchanged.

The public sector saw the highest pay rise with 63% of new jobs posted seeing salary increases, followed by the education, consumer goods, and transportation industries at 46%.

In terms of specialisations, 48% of jobs involving education/training saw pay rises, followed by jobs in computer/IT and admin/HR with 46% of jobs in those specialisations seeing salary increases.

Meanwhile the top 3 specialisations with pay cuts were manufacturing, arts/media/communications and engineering.

Job applicants in the science & technology industry saw one of the top pay rises, with manager positions seeing a median y-o-y salary growth of 17.2%. Entry-level job posts in communications services and electrical/electronics industries also experienced a significant growth in median salaries, at 33.3% and 15.4% respectively.

Certain specialisations saw significant cuts to salary offered.

In sales and marketing, managers and senior managers experienced median salaries shrink by 11.4% and 52.5% respectively. Despite this, sales and marketing remained the specialisation with the most number of job ads posted for 2 consecutive years.

The highest-paid specialisation in Malaysia is computer/IT, with a median salary of RM6,000.

Workers in computer/IT can take comfort in the fact that they earn the most across all other specialisations and regardless of position level, except for senior managers who earn a median salary of RM17,000 as opposed to those in admin/HR who earn RM22,250.

With a median salary of RM6,000, the telecommunications industry is the highest-paying industry.

Meanwhile, the insurance industry experienced the highest median salary growth at 14.6% (RM700) in 2021.

However, workers in the F&B industry should be aware that their industry is the most at risk, with a 40% decrease in median salary. Meanwhile, of all the industries surveyed, the manufacturing industry saw the most number of job ads posted for 2 consecutive years.

 

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EduSpiral advised me to study Finance because it had high job demand & salary. Darren, Finance & Investment Graduate from UCSI University
EduSpiral advised me to study Finance because it had high job demand & salary.
Darren, Finance & Investment Graduate

The aim of education is to secure a job in the future that has demand and a high salary. This will ensure that you will have job security and stable income to be able to sustain your lifestyle and more importantly to take care of your family.

When choosing the right course to study in Malaysia, one important criteria that students should look at is the job demandChoosing to study a course that has future potential high job demand and salary would ensure that you have a higher chance of a successful career that would support your lifestyle goals. If you don’t plan carefully, you may end up studying a course that has no job demand after you graduate. This would be an incredible waste of your time and money.

EduSpiral Consultant Services is an appointed representative or agent for top private universities in Malaysia to offer counselling services on their courses and assist with their applications. Therefore, at EduSpiral Consultant Services, we do our research on the job demand for the careers in Malaysia and Salary Reports in order to best advise our students on what to study based on facts and evidence. I have researched articles such so that I can advise students properly and they can have a higher chance of getting a job that’s in demand with high salary in Malaysia and globally.

For a copy of the Hays Malaysia Salary Guide 2022, please fill up the Enquiry Form and make a request.

 

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