INFINITY8 coworking space
Mercer’s annual Total Remuneration Survey (TRS) projects a steady salary growth in Malaysia, with an overall increase of 5.0% across all industries in 2025. Close to 24% of organizations are planning to expand their workforce, highlighting a growing demand for talent.
Surveying over 680 companies across various sectors, the report reveals a competitive labor market, with a median voluntary turnover rate of 11.8%, prompting many companies to enhance their compensation and retention strategies.
High-demand roles in fields like Cloud Computing, Cybersecurity Architecture, and Electrical Engineering are seeing salary premiums, reflecting the rising value of specialized skills. Additionally, industries such as Energy and Shared Services lead in base pay due to high demand and investment.
Koay Gim Soon, Mercer Malaysia Market Leader, said: “As we navigate through a dynamic economic landscape, it is essential for employers to recognize the evolving nature of the workforce and the diverse needs of individuals. By staying attuned to the market landscape and the pulse of their employees, employers can remain resilient and thrive amidst competitive pressures and market disruption.
The survey also notes the Malaysian government’s minimum wage increase to MYR 1,700 by February 2025, aimed at addressing cost-of-living pressures and ensuring fair compensation while supporting business sustainability.
Read more Business News
Lim Guan Eng urges MSME loans be channelled via BSN, citing fairness and wider access…
Rafizi warns Malaysia risks “salary trap,” calls for 5% wage growth, better public services, and…
Identity verification for sponsored social media advertisements becomes mandatory as Malaysia strengthens measures against scams…
Aeroline will cease Kuala Lumpur operations after regulatory directives limited services to licensed terminals, ending…
Palo Alto Networks has launched Idira, a next-generation identity security platform designed to protect human,…
Rising expenses challenge margins despite steady business growth.
This website uses cookies.