A study conducted by Kelly Services found out that Malaysia employees working in the information technology (IT) and Oil and Gas (O&G) industries received the highest salary increase between 2007 and up to mid of year 2008.
According to the report, the IT and oil and gas industries received an average of 30% base salary increase. The two sectors are followed closely by engineering industry, which recorded 28% jump.
In addition, both the top industries recorded an increase in job vacancy openings, while manufacturing, marketing and banking sectors show similar trend. On the other hand, businesses such as retail, FMCG (fast-moving consumer goods), tourism, travel and automotive are the most likely industries hit with the economic uncertainties.
The finding was recently published in a publication, the Malaysia Handbook 2008/09: A Practitioner’s Insight To Salaries Across Industries.
The report, among others, also concluded that Malaysia experiences one of the best salary increments compared to other Asian countries, including Singapore, India and China.
Kelly Services is a multinational recruitment firm and is one of the earliest foreign staffing companies to enter the Malaysia employment market.