M’sian workers to experience 'big drop' in real salary increases

PETALING JAYA: Workers in Malaysia are expected to see a big drop in their real salary increases, compared with previous years, down to 2.9% from 4.0% in 2019, human resource consulting group ECA International's latest salary trends survey found.

“Despite the forecasted nominal salary increase staying at 5.0%, inflation in Malaysia is expected to rise from 1.0% to 2.1%, which will reduce the rate at which salaries increase in real terms for workers in the country.