PHOTO - Sally Raj, country manager for Robert Walters Malaysia.
KUALA LUMPUR - More than 89 percent of Malaysia professionals received a salary increase this year, according to a recent global survey of more than 3,200 professionals by recruitment consultancy Robert Walters.
Robert Walters Malaysia country manager Sally Raj said late July that the survey showed 36 percent of respondents received a pay rise of between one and five percent, 29 percent received between six and 10 percent, 16 percent received between 11 and 20 percent and eight percent received more than 21 percent.
"After coming off a strong year of economic growth in 2010 in Malaysia, it was not surprising that salary levels increased across all sectors," said Raj. "The large increases in 2011 predominantly came from the non-financial services industry, as salaries within the financial services sector had a sharp increase last year. It is evident that the lack of experienced active candidates available in the market has pushed salaries increase above 10 percent as the war on talent continues."
She said countries where a particularly large proportion of professionals received no pay rise at all for 2011 included Ireland (65 percent of respondents), New Zealand (49 percent), Belgium (39 percent) and Australia (35 percent).
"The highest pay rises came in Asia - 45 percent of respondents from China, 26 percent of respondents in Thailand, 22 percent of respondents in Singapore, 24 percent of respondents in Malaysia and 21 percent of respondents from Hong Kong received salary increases of 10 percent or more," said Raj. "The comparative figure for the UK was 16 percent."
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