Professional Documents
Culture Documents
Contents
Executive Overview: Malaysian locals
Attracting New Talent Retaining Top Performers Job Market Confidence Market Outlook
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4 6 8 9
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11 12
Contact
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www.michaelpage.com.my
Methodology
The Michael Page Employee Intentions Report (Malaysian locals) is based on the responses of an online survey distributed to nearly 2,000 white collar professionals working in Malaysia. Participants represent a variety of professional occupation groups holding positions that range from entry level through to senior management. The scope of the report includes key employee insights into preferences for attraction and retention, as well as expected levels of staff attrition and salary expectations.
Employees confident
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17% 40%
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Scope for career progression Increase in salary International opportunities More seniority The company's reputation Training and support 2% 7% 13% 12% 20%
46%
Salary expectations
for job change
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15% 35%
11%
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Salary pressures
over next six months
30% 39%
31% Will request a pay rise Will not request a pay rise Unsure
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Employee confidence
in job market
1% 32%
9%
58%
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Market Outlook
Employment conditions for 2012
Positive business activity levels across the broader Asia region is expected to continue to boost economic conditions in Malaysia throughout 2012. This is supported by the national government program to drive domestic business activity and fuel job opportunities for white collar professionals across all key industries. The vast majority of employees surveyed for this report are confident about the number of job opportunities for their profession over the year. Some 75% of respondents believe that employment conditions in their profession will improve or significantly improve compared to the current market. Despite the strength of the domestic employment market over the coming year, some 58% of employees surveyed for this report intend to look for job opportunities outside Malaysia. For most of the employees surveyed, Asia will be the focus of their job search. Singapore is the main destination of choice, followed by China. As Singapore continues to establish itself as a key regional business hub, the number of employment opportunities on offer for skilled and experienced professionals will increase, particularly within multinational companies looking to expand their operations throughout the region. Malaysian professionals will be looking to take advantage of the career growth opportunities available in Singapore, as well as the prospect of increasing their income.
Employee confidence
in job market 2012 vs 2011
1% 7% 24%
68%
Employees Employees looking looking for for work work outside outside Malaysia Malaysia
42%
Yes No
Yes No
6%
5%
22% 67%
Countries
Singapore China Hong Kong Indonesia Thailand
Rank
1 2 3 4 5
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Methodology
The Michael Page Employee Intentions Report (Malaysian expatriates) is based on the responses of an online survey that was distributed to 5,600 Malaysian nationals living and working overseas. Participants represent a variety of professional occupation groups holding positions that range from entry level through to senior management. The scope of the report includes expatriate confidence in the current Malaysian job market, their insights into the predicted employment outlook for the country and the possibility of returning to live and work in Malaysia. The commentary includes some insights from the findings of the Employee Intentions Report (Malaysian locals), which is based on the responses of an online survey distributed to professionals living and working in Malaysia.
Countries
Singapore China Hong Kong Australia Japan
Rank
1 2 3 4 5
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Expatriate confidence
in the Malaysian job market
37%
7%
8%
48%
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Market Outlook
Employment conditions for 2012
Positive economic conditions across the Asia region are likely to continue to strengthen the Malaysian economy and have a positive impact on business activity during 2012. In addition, the governments national Economic Transformation Program is also expected to boost the Malaysian economy in areas including financial services, business services, consumer, healthcare, education and resources. With improving business conditions across Malaysia, employment opportunities are expected to increase over the next year. This will be supported by Talent Corporation Malaysias focus on up-skilling locally based Malaysian professionals. As a result, more than half of the expatriates surveyed (55%) anticipate that the job market will improve over the next 12 months, in comparison to 2011. While many expect job opportunities to increase this year, there are also a number of expatriate survey respondents (40%) that predict the 2012 Malaysian job market will not be as buoyant as it was during 2011. This uncertainty about the strength of future employment conditions correlates with the 37% of expatriate respondents who believe the current Malaysian job market is weak.
Expatriate confidence
in Malaysian job market 2012 vs 2011
40%
1% 4%
55%
It will significantly improve It will improve It will be worse It will be far worse
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Market Outlook
Expatriate movement to Malaysia
With most respondents having a positive opinion of both the current job market and employment outlook for Malaysia, many expatriates are considering the prospect of returning home to seek work. Professionals are becoming confident that employers in Malaysia can offer them the opportunity to progress their career and be awarded with increased salary rates after having gained experience working overseas. Of the survey respondents planning to return to Malaysia for work, some 48% are aged between 30 and 39, followed by those aged between 40 and 49 (38%). As mid-level professionals, it is likely that they have met their career goals while working overseas. Over half of these employees (59%) expect to return home in more than a years time for family reasons. As the national government focuses on boosting business activity in finance, resources and marketing, job opportunities are anticipated to rise over 2012. While the government also has initiatives in place to up-skill local professionals to fill positions in these areas, Malaysians currently working outside the country will also look for employment opportunities in these sectors on their return home. According to the survey responses, the majority are planning to seek work in accounting and finance, followed by banking and financial services.
Expatriates returning
to Malaysia for employment
38%
7%
7%
48%
29 or below
Between 30 and 39
Less than 3 months Between 3 and 6 months Between 6 months and 1 year More than 1 year Do not have plans to return 29% 7% 5% 12% 47%
Discipline
Accounting and finance Banking and financial services Engineering and manufacturing Procurement and supply chain Marketing
Rank
1 2 3 4 5
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Contact
Kuala Lumpur Office
Level 5 Tower 2 Etiqa Twins, 11 Jalan Pinang Kuala Lumpur, Malaysia 50450 Tel +603 2302 4000 Fax +603 2302 4001 enquiries@michaelpage.com.my
For more information or media enquiries contact +61 2 8292 2000 or appr@michaelpage.com.au
About Michael Page International Michael Page International is a leading professional recruitment consultancy specialising in the recruitment of permanent, contract and temporary positions on behalf of the worlds top employers. The Group operates through 161 offices in 33 countries worldwide. First established in London in 1976, weve been bringing job seekers and employers together for more than 30 years.
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