Tuesday, October 15, 2013

Snap View of Malaysia Labour Market

14 October 2013, Malaysia: Today, when I send my car for alignment - the local newspaper 'Star' front page caught my attention ... "Job Seekers Feel The Heat - No Vacancy". Being a HR professional, this type of news is always scary but a credible information for us to up-date the senior leadership. Just want to share some of the article findings ...


  • w.e.f. July 01 - the Malaysian government extend the retirement age of 55 to 60 (under the Minimum Retirement Age Act 2012);
  • uncertainty of world economy has caused most employers to adopt a "wait and see" attitude towards recruitment. It was reported a 35% drop in job vacancies - mostly affecting fresh graduates;
  • there are reports that some employers are offering Voluntary Separation Scheme and other packages for employees to leave their organization;
  • employers is also bracing for the full impact of the minimum wage policy in January 2014;
  • More employers are opting for contract employees and more fresh graduate are willing to work under contract employment to gain experience.

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