2020 Salary Guide for Malaysians by Jobstreet.com
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A recent survey conducted by Malaysia’s recruiting platform, JobStreet, revealed how much the Covid-19 pandemic has transformed working life in Malaysia. The study shows that 66% of Malaysians are taking on more work.
Reportedly, Malaysians in high-income jobs who work at large companies are having to accommodate an expanding job scope due to the effects of the pandemic and previous Covid-19 lockdowns.
This was also true for people working in manufacturing who have to deal with an increased demand for goods and products, as well as those who work in education, who needed to adapt a remote working lifestyle in order for learning to continue during the crisis period.
In fact, the survey reports that a lot of people, 58% exactly, had to assimilate a digital working environment and contend to working from home (WFH) during the nationwide Movement Control Order (MCO) and subsequent Recovery Movement Control Order (RMCO).
Furthermore, the study also showed that 48% of Malaysians endured lower paychecks with more than 30% of individuals experiencing a salary cut of over 30% as well as suffering cutbacks, if not entirely losing, their bonuses and employee benefits.
While 24% of Malaysians are forced out of commission and required to take either paid or unpaid leave.
EduSpiral Consultant Services is a professional university placement centre in Malaysia advising students on how to choose the right course and private university to study. We do our research from reports by job recruitment companies in Malaysia and try our best to help students to choose the best course to study in Malaysia that fits them and that has a good job demand in Malaysia with a high salary. The Salary Guide for Malaysians by Jobstreet.com is very useful for students wanting to choose the right course to study.
When choosing the right course to study in Malaysia, one of the criteria that students should look at is the job demand. If you don’t plan carefully, you may end up studying a course that has no job demand after you graduate in Malaysia. This would be an incredible waste of your time and money.
We have found the report by Jobstreet.com to be useful for students to read through to give them an insight into the job market and salary in Malaysia. The report will help you to decide on which are the best jobs in Malaysia so that you can choose the right course. For more advise on choosing the right course or university in Malaysia, please contact EduSpiral Consultant Services.
For more information contact 01111408838
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Jobstreet Salary Guide for Malaysia
The COVID-19 pandemic has significantly altered the way businesses operate. As Asia’s best talent sourcing partner, we at JobStreet are committed to providing you with deep and actionable insights related to Malaysian jobseeker & employer trends – which you can use to strengthen your competitive advantage.
In The Job Report, you will discover:
An overview of the Malaysian job market
Industry and specialization search trends
Tips and tools to help you power through this challenging time
In the wake of the Covid-19 pandemic, it would not be an understatement to say most people have been affected employment-wise. In one of its latest surveys, JobStreet said nine out of 10 have felt the effects of the crisis in their workplace.
In a statement, JobStreet said 48% of respondents have experienced a negative impact on remuneration and salary, while 24% have been required to take leave.
Furthermore, 66% of employees experienced an increased scope of work, particularly among higher-paid employees in larger organisations (68%).
This was greatest in the education (54%) and manufacturing (45%) sectors, which experienced a need for remote learning and greater demand for goods, respectively.
By contrast, a decrease in scope of work was felt by employees working in hospitality/catering (45%) and architecture/construction (36%).
“While longer-term, full-time employees are less vulnerable in terms of retrenchment, most experienced a removal or reduction of bonuses and a salary dip. In fact, one in three employees reported a salary reduction of more than 30%,” it said.
In light of that, most employees are now concerned with matters related to finances and job security.
“These concerns have led to a decline in job happiness, particularly those in service-oriented sectors and those with young children. Employees working for small to medium organisations also rated their job happiness as lower,” it added.
JobStreet noted that while the government has introduced a few initiatives under Penjana economic stimulus, more companies are turning towards JobStreet to alleviate the Covid-19 effect.
Country manager Gan Bock Herm said under its Under #TogetherAhead campaign, JobStreet recently launched #WorkNow to help candidates and employers through various pandemic-induced challenges.
“This feature connects immediately available candidates to potential employers. JobStreet has a critical role during this time to help Malaysians secure available jobs in the shortest time possible, and to support them through this Covid-19 crisis,” he said.