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.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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WTW , salary , inflationary pressures , Gen Z

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