In order to drive this shift so that the country can benefit from it, talent requirements would need to be addressed comprehensively, according to the mid-term review of 11th Malaysia Plan (11MP).
KUALA LUMPUR: US-based technology-driven solutions provider and consultant, Mercer, is projecting Malaysia’s overall salary increase to remain stable at 5.2% in 2019 but surpasses countries such as Australia (2.6%), New Zealand (2.5%) and Japan (2%).
In its recently released “Compensation Planning for 2019” study, Mercer has forecast most industries in Malaysia to maintain similar salary growth rates next year, with the exception of the consumer goods industry which is expected to have a slight increase of 0.3%.
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