MALAYSIA: HR professionals in Malaysia are bound to face job applicants who will negotiate higher compensation. The 2022 Randstad Employer Brand Research Survey shows that “attractive salary and benefits” remains the top employee value proposition (EVP) that Malaysian employees look for in an employer.
The respondents' vote for salary and benefits grew by two per cent year-on-year to 74 per cent in 2022. It was followed by “good work-life balance” at 70 per cent, increasing by one per cent from the year before.
Randstad, the global HR solutions leader, held the online survey in January 2022 with over 2,500 respondents in Malaysia.
“It is critical for business and HR leaders to keep up with the evolving talent expectations. Many Malaysians are concerned about the rising inflation and cost of living. If their salaries don’t match their needs, employees will look for a job with another company that is able to meet their expectations to sustain their quality of life," said Fahad Naeem, Country Director at Randstad Malaysia.
Meanwhile, nine out of 10 respondents said they exerted personal efforts to improve their work-life balance. Two-fifths of respondents (44%) disclosed that they worked in a flexible setup and 33% worked from home or remotely more frequently.
There were fewer overtime hours for one in four respondents (23%) as they opted for better work-life balance. Moreover, the number of Malaysian employees who work remotely has declined by a 18 per cent year-on-year to 51 per cent in 2022.
“Many Malaysians had the opportunity to reassess how work fits into their life and their career purpose these last couple of years. When working flexibly, employees don’t need to worry about commuting during peak hours, which saves a lot of time for workers who have to travel into the city," said Neem.
"Hybrid work doesn’t just alleviate stress levels, it can also reduce absenteeism at work as employees are less likely to call in sick to avoid being late for work or dealing with heavy traffic," he added.