Candidates in Malaysia have money on their mind when accepting a new role according to new research from recruitment experts, Hays.
The latest web poll conducted by Hays Malaysia asked website visitors ‘what is their main motivator in accepting a new position/job.’
Most respondents answered ‘salary & benefits’ (41 per cent), 38 per cent nominated ‘clear career progression’ and 21 per cent said ‘organisation culture’.
Regional Director of Hays Malaysia Tom Osborne said the results highlighted the growing sophistication of talent in Malaysia, and was in line with trends in other key Asian talent markets.
“Salary and benefits has long been a key concern for job hunters in Malaysia, but our research shows a significant number of candidates are valuing the importance of identifiable career paths in the roles they’re offered,” said Tom.
“We advise candidates to do their homework about the potential for professional growth for the roles they apply for and subsequently get offered,” he said.
“Often an employer is looking for a candidate to take on a role to fill an immediate gap in the team. Certainly in some cases within smaller organisations, inadequate career management systems or poorly-defined and communicated transfer and promotion polices has resulted in the departure of high-quality talent. For candidates that are ambitious and career minded, it serves them no purpose in working for a company that operates with a flat organisational structure.”
‘The findings from our web poll suggests that any employer willing to offer a good salary, plus clear career pathways will be the ones that will have their pick of the best candidates,” said Tom.
Clear progression is an increasingly important job benefit for many candidates across key Asian talent markets.
A massive 62 per cent of respondents in Mainland China said it was their main motivator when accepting a new position or job. Only 25 per cent of respondents in Mainland China cited ‘salary and benefits’ as their main motivator while 13 per cent placed ‘organisation culture’ at the top of their list.
In Singapore (49 per cent) and Japan (42 per cent), ‘clear career progression’ came out as the number one reason with ‘salary and benefits’ also coming second in both countries, 39 per cent (Japan) and 31 per cent (Singapore) respectively. In Hong Kong, 43 per cent of respondents each nominated ‘clear career progression’ and ‘salary and benefits’ as their key motivator for accepting a new job.
The web poll was conducted online at www.hays.com.my between August 2017 and January 2018.
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Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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About Hays
Hays plc (the "Group") is a leading global professional recruiting group and is celebrating its 50th anniversary this year. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 30 June 2017 the Group employed 10,000 staff operating from 250 offices in 33 markets across 20 specialisms. For the year ended 30 June 2017:
– the Group reported net fees of £954.6 million and operating profit (pre-exceptional items) of £211.5 million;
– the Group placed around 70,000 candidates into permanent jobs and around 240,000 people into temporary assignments;
– 24% of Group net fees were generated in Asia Pacific, 49% in Continental Europe & RoW (CERoW) and 27% in the United Kingdom & Ireland;
– the temporary placement business represented 59% of net fees and the permanent placement business represented 41% of net fees;
– Hays operates in the following markets: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, Mainland China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA