Salaries in Malaysian companies likely to see 5.0% rise in 2024 - WTW


KUALA LUMPUR: Companies in Malaysia continue to project an overall salary rise of 5.0 per cent in 2024 for executives, management and professional employees, and support staff, according to a survey.

The survey on compensations, done by global advisory, broking and solutions company WTW, noted that although the projected salary increase this year was slightly lower than the 5.6 per cent in 2023, the average salary increase continues to rise steadily in the last few years.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
WTW , salary , inflationary pressures , Gen Z

Next In Business News

Oil rises slightly as market weighs supply risks
Gas Malaysia distribution tariff set at RM1.880/GJ/day under RP3
China's steady foreign trade growth expected to anchor global stability
Seven states see trade growth in November as exports climb 7%
Malaysia's economy remains resilient in 2025 amid tariff wars, geopolitical turbulence
NationGate unit to acquire Valeo Malaysia for RM60.89mil cash
TRC Synergy secures RM550.8mil Penang LRT project
FBM KLCI sinks further at midday on thin Boxing Day trade
Malaysia’s export values dip in November, imports mixed
Core inflation in Japan's capital slows in December but no bar for further BOJ hikes

Others Also Read