{"id":18398,"date":"2015-08-21T12:34:52","date_gmt":"2015-08-21T04:34:52","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=18398"},"modified":"2015-09-15T13:56:38","modified_gmt":"2015-09-15T05:56:38","slug":"83-of-malaysians-say-money-is-the-top-consideration-for-job-hopping","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/83-of-malaysians-say-money-is-the-top-consideration-for-job-hopping","title":{"rendered":"83% Of Malaysians Say Money Is The Top Consideration For Job Hopping"},"content":{"rendered":"

The current economic climate in the country has the workforce wanting a pay rise to cope. According to font\u2019s Market Pulse 2014\/2015 survey findings, 83% of local professionals put money is their top priority when deciding to job hop.<\/p>\n

Employment consultant font said in a statement, \u201cIt\u2019s clear what talent feels they are receiving from their employer is less than what they have expected.\u201d<\/p>\n

<\/span>Money is the top priority<\/strong><\/span><\/h2>\n

\u201c83% believed that money is the number one consideration for talent in an organisation, yet only 52% feel they were fairly remunerated last year, despite 60% of them receiving a pay rise,\u201d said Priya Bala, regional director of font.<\/p>\n

Despite 51% of companies believe they are offering competitive base salaries and 60% of the workforce receives a pay rise last year, only 52% of employees felt they were fairly remunerated in 2014.<\/p>\n

Read this: Want to earn more money? Here’s why passive income is important<\/a>, especially in the current economic climate<\/strong>.<\/h5>\n

The survey found that despite Malaysia\u2019s strong bonus culture, with performance bonus as the most common type of bonus offered, 66% of companies saying they offered bonuses to staff, only 41% of staff said they actually received one last year.<\/p>\n

Roles in marketing, communications and events have the highest median salaries of RM109,608, while jobs in creative and creative services have the lowest median salary of RM52,000.<\/p>\n

<\/span>Career advancement comes second<\/strong><\/span><\/h2>\n

The second most important consideration while job hopping is, professional development (76%), in the survey of 500 respondents across Hong Kong, Malaysia, New Zealand and Singapore.<\/p>\n

\u201cWhen it comes to professional development, 76% of talent said they consider this as a top factor, just behind money which is at 83%,\u201d said Priya.<\/p>\n

The survey found that 75% employers claimed that their company offered paid training and that 63% are focusing on career development opportunities as an effort for staff retention.<\/p>\n

However, only 32% of local talent confessed that their company had actually drawn out a career plan for them to help them progress in their current role.<\/p>\n

\u201cIt\u2019s important for businesses to recognise these needs early on, rather than try and backtrack, and deal with unhappy staff when it\u2019s too late.<\/p>\n

\u201cIf the problems are not properly looked into, Malaysia may continue to face a brain drain, as candidates look across the border to Singapore, Hong Kong, China and beyond for regional exposure, opportunities and better packages,\u201d she added.<\/p>\n

[Source 1<\/a>] [Source 2<\/a>]<\/em><\/p>\n

Protect\u00a0your income from the rising inflation by investing in the right investment vehicles. Compare unit trust funds<\/a> and their potential returns to get started.\u00a0<\/strong><\/h3>\n","protected":false},"excerpt":{"rendered":"

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