Employee Intentions Report

Michael Page International Malaysia, 2012

Michael Page Employee Intentions Report Contents Executive Overview: Malaysian locals Attracting New Talent Retaining Top Performers Job Market Confidence Market Outlook 3 4 6 8 9 Executive Overview: Malaysian expatriates Job Market Confidence Market Outlook 10 11 12 Contact 14 www.my 2 .michaelpage.com.

000 white collar professionals working in Malaysia. Looking ahead. Companies that offer structured career development opportunities will be in the best position to both secure and retain top talent.Michael Page Employee Intentions Report Executive Overview: Malaysian locals Key findings The white collar employment market in Malaysia is strengthening in line with positive business conditions across the broader Asia region.com. consumer. a considerable number of respondents (58%) will also be looking for work outside the country to take advantage of the financial benefits and career opportunities available in the broader Asia region. career growth opportunities is also a major reason in the decision to change jobs. the national Economic Transformation Program is an initiative introduced to boost the Malaysian economy in areas including financial services. being offered the opportunity to progress in their current role is the primary reason they would choose to remain with their employer. As companies continue to boost employee numbers. As a result of these improved market conditions and initiatives. Employers will need to offer increasingly competitive market rates to secure the most skilled and experienced professionals. some 36% of the employees surveyed will be asking for a 6% to 10% increase on their base salary in order to stay with their current employer. Further to this. Despite predictions of a strong local job market.michaelpage. with some 67% of respondents considering the market to be strong or very strong. Participants represent a variety of professional occupation groups holding positions that range from entry level through to senior management. The prospect of gaining a salary increase is another influencing factor in the decision to remain in a current role or move jobs. Methodology The Michael Page Employee Intentions Report (Malaysian locals) is based on the responses of an online survey distributed to nearly 2. Over the next six months.my 3 . Some 68% expect the employment conditions for their profession to improve compared to 2011. Career development is a key motivating factor for employees in Malaysia during 2012. Employee confidence in the current job market is high. professionals are also becoming less cautious about making their next career move. healthcare. respondents expect higher salary increases of between 21% and 25%. Of the professionals surveyed for this report. the vast majority of employees surveyed are confident about the job market outlook throughout 2012. some 40% believe it is highly likely they will change jobs within the next six months. as well as expected levels of staff attrition and salary expectations. “ Employees confident about local and regional career prospects ” www. To change jobs. businesses are expanding their headcount to secure the best talent to drive their business forward and employees are becoming increasingly confident about their career prospects. business services. education and resources. For a further 46% of professionals surveyed for the report. As part of this plan. The scope of the report includes key employee insights into preferences for attraction and retention. the government is working towards providing professionals with opportunities for training and development through Talent Corporation Malaysia. For 39% of respondents.

com. Over the coming year. as well as sales and marketing are also likely to take advantage of new opportunities in the market brought about by company expansion. as well as the government initiatives in place designed to nurture and up-skill local Malaysian talent. job seekers are becoming increasingly confident about making their next career move.Michael Page Employee Intentions Report Attracting New Talent Job seeker activity Steady economic growth in Malaysia throughout 2011 has driven a consistent increase in the number of employment opportunities available for white collar professionals. Of the employees surveyed for this report. With solid hiring intentions set to continue across all professional occupational groups in 2012. 17% 40% 43% Very likely Quite likely Not likely www. some 40% say it is very likely they will change jobs within the next six months. recruitment activity is likely to stabalise in the financial services sector as sustained economic growth in the broader Asia market continues to positively impact domestic business conditions. Throughout 2012. Strong domestic jobs growth is being driven by the continual expansion of multinational companies into the country. a growing number of professionals in support functions like human resources.my 4 .michaelpage.

com. employees are becoming more confident about changing companies to raise their earnings. What job seekers are looking for in their next role 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 1-5% 6-10% 11-15% 16-20% 21-25% 26% or above 1% 6% 15% 20% 30% 28% www. Another key influence in changing roles is the opportunity to gain international experience. An increase in salary is the second most influential factor for respondents in their decision to change jobs. As companies continue to expand their headcount in line with growing business activity. an increase of between 21% and 25% on base salary is required to motivate them to leave their current job. In this environment employers will need to pay competitive salaries to secure the best talent. The prospect of working with an international company is particularly attractive for professionals wanting to increase their employability across the Asia Pacific region as employer demand for this experience continues to rise.my 5 . Professionals also have the opportunity to gain international experience from within the domestic job market as government initiatives continue to support the placement of Malaysian-based talent into multinational companies expanding across the country. This level of salary expectation reflects the rising number of job opportunties in the employment market.michaelpage.Michael Page Employee Intentions Report Attracting New Talent Job seeker expectations Almost half of the employees surveyed for this report (46%) rated the opportunity for career progression as the most important factor in their decision to change jobs. For most respondents (30%). coupled with the increasing rate of inflation. Professionals at all levels are looking to capitalise on career growth opportunities as companies continue to invest in new talent.

com.Michael Page Employee Intentions Report Retaining Top Performers Preferred retention strategies Increased levels of business activity has caused skills shortages across the white collar employment market in Malaysia and the retention of key talent is becoming a significant challenge for many companies. With job opportunities continuing to rise across all sectors. What will keep employees in their current role 15% 35% 11% 39% Financial reward Career development Motivating manager International opportunities www.my 6 . In a competitive market. For most of the respondents surveyed (39%). the most forwardthinking employers will offer a structured career development plan supported by training to keep their best people engaged. companies will need to offer competitive market rates to keep their top performers from leaving the business. being offered career development opportunities is the main reason they choose to remain with their current employer. As a result. Financial reward for achievements was rated as the second most influential factor by survey respondents in deciding to stay with their current company.michaelpage. professionals are becoming increasingly confident about making the move to a new employer to boost their level of income.

some 30% of respondents will ask their current employer for a salary increase. over the next six months. Most employees are aiming for an increase of between 6% and 10% on their current base salary.michaelpage.my 7 .com. Companies that cannot meet these expectations will need to offer other incentives to help retain their top professionals. According to survey results. Employee wage expectations are rising in line with inflation and improving market conditions and employers will need to offer strong financial incentives for the best chance of retaining their most talented professionals. employers will need to review staff salary levels.Michael Page Employee Intentions Report Retaining Top Performers Employee salary expectations As economic conditions remain strong across the broader Asia region. such as training and development opportunities. Salary pressures over next six months 30% 39% 31% Will request a pay rise Will not request a pay rise Unsure What employees will ask for in their current role 1-5% 6-10% 11-15% 16-20% 21-25% 26% or above 6% 36% 32% 13% 8% 5% www.

staff movement is predicted to increase.my 8 . As business conditions remain positive over the next 12 months. Some 67% of the employees surveyed for this report consider the current market to be strong or very strong. Through its training and development initiatives.Michael Page Employee Intentions Report Job Market Confidence Current job market Business confidence remains positive with the volume of job opportunities in the market holding steady across all industries.com. Employee confidence in job market 1% 32% 9% 58% Very strong Strong Weak Very weak www. Employers will need to implement attraction and retention strategies now to secure the talented professionals they need to drive future business growth. the Malaysian government continues to support the placement of local talent into growing businesses.michaelpage. employee confidence in the employment market is high. which is further enhancing the career opportunities available for skilled and experienced professionals across the country. With positive jobs growth predicted to continue this year.

com. particularly within multinational companies looking to expand their operations throughout the region. 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% 42% 58% 58% It will significantly improve It will improve in the in next the next 12 months 12 months Yes No Yes No It will be worse It will be far worse Region job seekers will look for work 6% 5% 22% 67% Top 5 countries job seekers will look for work Countries Singapore China Hong Kong Indonesia Thailand Rank 1 2 3 4 5 Asia Australia/New Zealand Europe Middle East/Africa www. some 58% of employees surveyed for this report intend to look for job opportunities outside Malaysia. As Singapore continues to establish itself as a key regional business hub. followed by China. the number of employment opportunities on offer for skilled and experienced professionals will increase. The vast majority of employees surveyed for this report are confident about the number of job opportunities for their profession over the year.michaelpage. as well as the prospect of increasing their income. Asia will be the focus of their job search. Despite the strength of the domestic employment market over the coming year. Malaysian professionals will be looking to take advantage of the career growth opportunities available in Singapore.Michael Page Employee Intentions Report 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.my 9 . Singapore is the main destination of choice. Some 75% of respondents believe that employment conditions in their profession will improve or significantly improve compared to the current market. 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. For most of the employees surveyed.

Methodology The Michael Page Employee Intentions Report (Malaysian expatriates) is based on the responses of an online survey that was distributed to 5. their insights into the predicted employment outlook for the country and the possibility of returning to live and work in Malaysia. these professionals will be looking for work across the growing sectors of finance. Of the locally based Malaysian professionals surveyed. as a result of the positive business environment. This development has increased the number of job opportunities for white collar professionals.600 Malaysian nationals living and working overseas. With business activity in Malaysia supported by the broader Asia region and government initiatives in place to up-skill local professionals to fill talent shortages. supply chain and marketing. as well as the prospect of increasing their income. The scope of the report includes expatriate confidence in the current Malaysian job market. The commentary includes some insights from the findings of the Employee Intentions Report (Malaysian locals). Over the last 12 months. banking. confidence in the current Malaysian job market is strong. With economic and business conditions expected to improve. most employees are optimistic about the number of job opportunities likely to become available over the year. with competitive market rate salaries offered by companies looking to secure the best talent in the region. Additionally.Michael Page Employee Intentions Report Executive Overview: Malaysian expatriates Key findings The majority of survey respondents are expatriate Malaysians that are currently living and working in Singapore.com. For expatriates. many identified Singapore as a market with good employment opportunities.my 10 ” . According to the survey findings. helped in part by multinational companies establishing their regional operations in the country. Top 5 countries Malaysian expatriates Countries Singapore China Hong Kong Australia Japan Rank 1 2 3 4 5 are currently employed of “ Majority expatriates confident about Malaysian job market www. Local Malaysian professionals have therefore moved to take advantage of career growth opportunities in Singapore. as is their prediction for the country’s employment outlook for 2012. confidence in both the current job market and employment conditions over the coming year is also high. many expatriates are looking to move back to Malaysia. engineering. Singapore’s economy has continued to strengthen. Participants represent a variety of professional occupation groups holding positions that range from entry level through to senior management. Most of these survey respondents are mid-level employees that have most likely met their career goals while working overseas and will return home for family reasons. in the survey responses from local Malaysian professionals. which is based on the responses of an online survey distributed to professionals living and working in Malaysia.michaelpage.

Expatriate confidence in the Malaysian job market 37% 7% 8% 48% Very strong Strong Weak Very weak www.my 11 .com.Michael Page Employee Intentions Report Job Market Confidence Current job market The white collar employment market in Malaysia is strengthened by positive business conditions across the broader Asia region. Overall. there are a significant number of expatriate survey respondents (37%) that consider employment conditions to be weak.michaelpage. However. while many employees have confidence in Malaysia’s current job market. as well as the government’s focus on providing professionals with opportunities for training and development through Talent Corporation Malaysia. expatriates have a positive opinion of the country’s job market with almost half of survey respondents (48%) reporting current employment conditions to be strong.

healthcare.com. in comparison to 2011. 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 www. the government’s national Economic Transformation Program is also expected to boost the Malaysian economy in areas including financial services. education and resources. As a result. In addition. more than half of the expatriates surveyed (55%) anticipate that the job market will improve over the next 12 months. consumer. 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.Michael Page Employee Intentions Report 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. This will be supported by Talent Corporation Malaysia’s focus on up-skilling locally based Malaysian professionals. With improving business conditions across Malaysia.my 12 . While many expect job opportunities to increase this year. business services.michaelpage. employment opportunities are expected to increase over the next year.

the majority are planning to seek work in accounting and finance. resources and marketing. some 48% are aged between 30 and 39. job opportunities are anticipated to rise over 2012. According to the survey responses. followed by those aged between 40 and 49 (38%). Malaysians currently working outside the country will also look for employment opportunities in these sectors on their return home. it is likely that they have met their career goals while working overseas. As the national government focuses on boosting business activity in finance. many expatriates are considering the prospect of returning home to seek work.my 13 . While the government also has initiatives in place to up-skill local professionals to fill positions in these areas. 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.com. Reasons expariates will return to Malaysia for employment Salary International opportunity Culture Career progression Company's reputation Family 2% 3% 11% 12% 13% 59% Expatriates returning to Malaysia for employment 38% 7% 7% 48% 29 or below When expatriates plan to return to Malaysia 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% Between 40 and 49 Between 50 and 59 Top 5 areas expatriates will look for work in Malaysia Discipline Accounting and finance Banking and financial services Engineering and manufacturing Procurement and supply chain Marketing Rank 1 2 3 4 5 www.michaelpage. As mid-level professionals. Of the survey respondents planning to return to Malaysia for work. Over half of these employees (59%) expect to return home in more than a year’s time for family reasons.Michael Page Employee Intentions Report Market Outlook Expatriate movement to Malaysia With most respondents having a positive opinion of both the current job market and employment outlook for Malaysia. followed by banking and financial services.

youtube.com/michaelpagemalaysia Blog http://blog. First established in London in 1976.au Get social with us Facebook http://www.Michael Page Employee Intentions Report Contact Kuala Lumpur Office Level 5 Tower 2 Etiqa Twins. The Group operates through 161 offices in 33 countries worldwide.michaelpage.michaelpage. 11 Jalan Pinang Kuala Lumpur. contract and temporary positions on behalf of the world’s top employers.com. Malaysia 50450 Tel +603 2302 4000 Fax +603 2302 4001 enquiries@michaelpage.com.facebook. www.com.asia/ LinkedIn http://www.com/company/michael-page-malaysia YouTube http://www. we’ve been bringing job seekers and employers together for more than 30 years.my 14 .my For more information or media enquiries contact +61 2 8292 2000 or appr@michaelpage.linkedin.com/MichaelPageMalaysia About Michael Page International Michael Page International is a leading professional recruitment consultancy specialising in the recruitment of permanent.

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