Outlook for salary hikes, bonuses in 2017 unpromising, says MEF survey


  • Economy Premium
  • Friday, 25 Nov 2016

workers

KUALA LUMPUR: The outlook for salary increases and bonuses in 2017 looks unpromising, as Malaysian employees received lower salary increases and bonuses throughout 2016, according to 2016 MEF Salary surveys for executives and non-executives.

The Malaysian Employers Federation (MEF) said on Thursday the average salary increase for the non-executives in 2016 was at 5.51%, marginally higher than 5.44% last year. The executives had more reason to smile as their salary increase was slightly higher at 5.55% compared to 5.97% in 2015.

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