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Haygroup Rewarding Malaysia July2010
Haygroup Rewarding Malaysia July2010
Fight or
Flight:
www.haygroup.com/my
Fight or flight
Figure 1:
2009 ranking of managers
spending power in Asia
(USA=100)
Asia rank
Country
Index
Global rank
Hong Kong
140
11
Thailand
105
26
Singapore
104
27
Korea
97
31
Japan
93
34
China
88
41
Malaysia
64
52
Indonesia
64
53
Vietnam
63
54
10
India
50
56
10
9
2.5
8
7
6
5
1.5
4
1
3
2
0.5
1
0
Figure 2:
Salary increase and
bonus trends in Malaysia
0
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
(f)
Source: Hay Group PayNet 2010
Figure 3:
Average increment by
performance levels in
Malaysia
Star performers
9.0%
8.0%
Average performers
8.8%
8.4%
7.9%
Poor performers
8.2%
7.0%
6.0%
5.6%
5.1%
5.8%
5.2%
5.0%
4.0%
3.3%
2.8%
3.0%
1.8%
1.6%
2.0%
1.0%
0.0%
2006
2007
2008
2009
www.haygroup.com/my
Fight or flight
www.haygroup.com/my
Fight or flight
Figure 4:
Benchmarking the
insurance industry
2004
1200
56
2005
1400
2006
1600
33%
increase
60
50%
increase
84
Benchmarking wisely
Benchmarking outcomes against business
objectives and industry peers can provide
valuable insights for fine-tuning the
performance management process. It helps
determine whether higher salaries or increased
headcounts are justified.
Reward in my company is a
balancing act between paying for
performance and cost
management. Our reward
strategy has to be sustainable and
effective without breaking the
budget, especially as we are in the
very competitive IT&T industry.
- Group HR Manager, IT &
telco company, Malaysia
www.haygroup.com/my
Fight or flight
Contact
Alex Lim
Country manager, Reward information services
Hay Group Malaysia
E| alex.lim@haygroup.com
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