M’sian workers to have ‘big fall’ in genuine wage increases

M’sian workers to have ‘big fall’ in genuine wage increases

PETALING JAYA: employees in Malaysia are required to see a huge fall within their genuine wage increases, in contrast to past years, right down to 2.9per cent from 4.0per cent in 2019, human being resource consulting group ECA Overseas’s latest wage styles survey found.

“Despite the forecasted nominal wage enhance staying in 5.0per cent, inflation in Malaysia is anticipated to go up from 1.0percent to 2.1per cent, that may lessen the price from which salaries rise in genuine terms for employees in the united kingdom.

“Although it’s still fairly high, the predicted reduced real income increase for employees when compared with 2019 has seen Malaysia fall from the international and Asia-Pacific top ten, » ECA Overseas local manager (Asia) Lee Quane stated in a news release on Monday (Nov 11). (suite…)

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