The recent data from Randstad’s 8th Employer Brand Research brings to light the shifting landscape of employee expectations in Malaysia. According to the study, 36% of the Malaysian workforce are open to exploring new job opportunities for better career growth prospects.
Rising Workforce Anxiety amid Technological Advancements
Fahad Naeem, the Country Director at Randstad Malaysia, highlighted the widespread job insecurity among employees due to rapid technological advancements. He noted, “Today’s employees want to work for companies that can equip them with the necessary tools and knowledge so that they can feel more prepared to adapt with the changes.”
The Imperative of Upskilling and Reskilling Programmes
Naeem added that to attract top talent, employers must stay in step with market trends and formulate meaningful upskilling and re-skilling programmes. He stated, “Companies that invest in their workforce should also promote their training capabilities and case studies to attract talent who are looking for growth.”
Top Reasons for Malaysians to Switch Jobs
The research identified the top five reasons why Malaysians would consider leaving their current jobs:
- To improve work-life balance (50%)
- Lack of career growth opportunities (36%)
- Low compensation and rising cost of living (35%)
- Received an irresistible offer (32%)
- Poor leadership from employer (27%)
Professional Development is Paramount
While professional development was deemed important by 81% of Malaysians, only 61% felt they had sufficient opportunities for it. Furthermore, 85% considered upskilling and re-skilling crucial, but 24% felt under-supported by their employers in this regard.
Millennials Lead in Upskilling and Reskilling Interest
Millennials were the most interested in upskilling and re-skilling, followed by Gen Xers and Gen Zers. Naeem noted, “Employers that proactively develop engaging and purposeful training programmes will foster a culture of continuous learning and innovation within the organisation.”
Salary and Benefits Remain a Top Consideration
Despite the emphasis on development, attractive salary and benefits were ranked as the most crucial factor for ideal employment. About 35% of respondents would leave their current jobs for better compensation.
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Naeem concluded, “When talent are given the opportunity to grow within the company, they will also be less likely to
consider competing offers from other organisations. As they feel valued and invested in their current company, they will remain more engaged and motivated to drive business success.”
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