Employees In These Sectors Could Be Getting 20% To 30% Pay Raise Next Year
Robert Walters Malaysia has published its annual salary survey.
By John Lim — 28 Nov 2017, 12:49 PM
A specialist professional recruitment consultancy company has revealed that talents working in certain sectors can expect to see salary hikes next year
The banking and financial services, engineering, and legal and compliance sectors can expect to see salary increments between 20% to 25% in 2018, a salary survey by recruitment agency Robert Walters Malaysia has revealed.
Meanwhile, the IT sector is expected to grow the fastest next year with salary increments ranging from 20% to 30%
"Shared services are expected to expand further, producing higher demand for talent in finance and accounting, IT, and supply chain and procurement," said Robert Walters’ Malaysia managing director Sally Raj in the survey result.
The company added that more companies will be embarking on digital transformation programmes to drive revenue streams. This will lead to higher demand for UI/UX designers, web developers and digital project managers.
Raj said candidates with high potential or niche skills can expect increments of 25%-30% when they move jobs, although a raise of 15%-20% is common business practice
Robert Walters Malaysia country manager Kimberlyn Lu echoed Raj's sentiments, adding that hiring activity will continue to be active next year due to the country's continuous growth of e-commerce, digitalisation, shared services, and better organisational optimisation.
Now at its nineteenth edition, the survey is based on the analysis of permanent, interim and contract placements made across different geographies and recruitment disciplines during 2017, and predictions for the year ahead
You can view the full report here.