Malaysia IT Salary 2009

Sometime between October 2008 and May 2009, ZDNet Asia conducted an online survey to gather and consolidate report on the salary of IT workers in Malaysia. Apart from Malaysia, the web portal also carried out similar analysis for a number of Asia countries e.g. China, Hong Kong, Indonesia, India, Singapore, Thailand and Philippines.

A few thousand users, consisting of various job functions including project management, IT management, systems development, support, communications, support, administration and others responded to the survey. Many of them hold permanent positions with their companies. Some others are working under contract, part time as well as being independent consultants.

[Full report]

In summary, those working in the IT management functions command the highest salary, with an average earnings of RM93,176 annually. The figure converts to about RM7,700 monthly. Additionally, if you are in the IT management and works in the IT, web and telecom industry, chances are you get higher figure than that as discovered in the survey. The folks in this specific category receives an average of RM8,5000 monthly or RM102,280 yearly.

In terms of salary by skills, application development, desktop/software and operating systems are the three top winners, bringing home more than RM38,000 annually, which, on estimation, double every 5 years or so.

Following are some of the relevant charts for you to see. Now you can decide if you’re underpaid, overpaid or simply floating around the average salary figure. All figures are in Malaysia ringgit.

Average salary by job function and industry:

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Average salary by skills and years of experience:

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Average salary by job function and years of experience:

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Average salary for top 10 most popular IT skills:

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Review Salary of Local Malaysians

The Human Resources Ministry has urged the employers to review the salary offered to local Malaysians to attract more homegrown people to work for them.

It has also suggested for the employers to introduce a better compensation scheme for the vacant positions left by the foreigners.

According to its minister, Datuk Dr S Subramaniam, unattractive salary package offered by many employers has hindered many locals from accepting the jobs, with many opting to work overseas when there are opportunities.

The state of employment has been a public concern where more and more jobs offered in the country were taken by foreign workers. For instance, about half of over 200,000 workers in the plantation industry now are made up of foreigners from various countries such as Indonesia, Myanmar and Bangladesh.

In the recent months, the ministry has been calling out employers to save jobs for locals and should there be any move to retrench workers, foreigners should go first. Even though the government has decided to increase the levy imposed on bringing in foreign workers into the country in the recently announced mini-budget, the ministry believes that it is not a sensible solution and would only cause the country to lose its global competitiveness.

But Subramaniam stopped short of putting blames to the local workers; many of them found too choosy about the wok scope and would not settle for jobs involving menial duties and field labor.

Most Prestigious Accounting Firms 2009

Vault.com has recently published its list of 40 Most Prestigious Accounting Firms for the year 2009, the latest ranking which was started back in 2005.

The top companies were listed according to a survey conducted by a number of participating research companies, which questionnaires to employees in the selected firms to evaluate about each of the company’s rating.

The series of questions asked the respondent to assess the life of the employees in their current firm (or previous ones) and rate their company according to some specific prestige scores. More than 1,000 respondents participated in the survey every year.

Not surprisingly, the top four of the table were occupied by the Big 4 accounting firms, namely Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY) and KPMG. But this is the first time in four years Deloitte has managed to secure top spot, displacing former number one, PwC into second place.

At 5th position, Grant Thornton is the highest ranked firm coming from the non-Big-4 group. The company provides tax services, advisory, consulting and assurance to privately-held entities and public companies across the world.

The rest of the top 10 are made up of BDO Seiman, Moss Adams, McGladrey & Pullen, Plante & Morgan and Crowe Chizek & Co.

If you want a shot at these top tier accounting firms you will need more than an online accounting degree. You’ll need a lot of work ethic and smarts.

Vault.com is an information rich website targeted at job seekers and professionals who would like to study and research more on their employer prospects. It frequently released and updated useful guides on more than 5,000 multinational companies in wide range of industries, as well as salary survey, higher education and job opportunities.

MEF Malaysia Salary Survey 2008

Recent survey conducted by the Malaysian Employers Federation (MEF) found out that, despite the trying economic conditions, majority of the employers are still willing to reward their employees with salary increase and year-end bonus, albeit at a lower rate.

70% of more than 200 employers surveyed indicated their willingness to offer a salary raise, with MEF forecasting the percentage of increase to be in the region of between 5.53% for executives and 5.59% for non-executives.

The figures are somewhat lower than the results of a similar survey done back in August, with the former’s output range lies between 5.78% (executives) and 5.85% (non-executives). The swings were mainly attributed to the recent global economic downturn.

High salary increase is forecasted to be seen in a number of industries including pharmaceutical, medical, textile, logistics, forwarding, transportation and manufacturing of heavy machineries. As for the annual bonus, 72% of the respondents forecasted that bonus will be paid to non-executives (with average of 1.99 months bonus), while 60% will pay bonus to executives (average 1.78 months bonus).

The results of the survey were released as a published booklet, entitled MEF Malaysia Salary Survey for Executives and Non-Executives 2008, which can be used as a yardstick to determine salary trend for the year 2009.