Latest MEF Research Publications 2018 - Order Now!
Order one today!
Act now! Get one today!
jQuery Carousel
Member Login

  User ID
  Password
 
Forgot Password
   
MEF Events
22Kelantan Area Meetings22 January 2019
22Southern Regional Meeting22 January 2019
24Perak Area Meetings24 January 2019
30Hotel Group Meetings30 January 2019

MEF Academy Events
 23Criminal Misconduct in Employment23 January 2019
 23HR For Beginners23 - 24 January 2019
 24Formation of an Effective Safety & Health Committee24 - 25 January 2019
 29Mind Your Business English for Executives & Non-Executives29 - 30 January 2019
 29Behavioral Events Interviewing Skills29 - 30 January 2019
 21Understanding Labour Laws21 - 22 February 2019
 25Domestic Inquiry25 February 2019
 26Industrial Relations Act 196726 - 27 February 2019
 05Memahami Akta Kerja 19555 - 6 March 2019
 12Disciplinary Procedures12 -13 March 2019
 02Understanding Labour Laws2 - 3 May 2019
 08Collective Bargaining & Collective Agreement8 - 9 May 2019
 

MEF Press Release

Surveys reveal all around lower Salary Increments and BonusesThursday, 29 November 2018
Press Release
 

​PETALING JAYA: Employers granted lower salary increases and bonuses throughout 2018 and the forecasted outlook for salary increases and bonuses in 2019 was just as bleak, as revealed by the 2018 MEF Salary Surveys for Executives and Non-Executives.

MEF President Y.Bhg. Tan Sri Azman Shah Dato’ Seri Haron, who launched the latest MEF surveys here today, stated that 92.4% of respondents granted salary increase to executives as compared to 94.3% in 2017, while it was 92.7% for non-executives (94.6% in 2017).

“The average salary increase for executives in 2018 was also lower at 4.88% (5.55% in 2017), and it was also lower for the non-executives at 4.88% (5.44% in 2017). The overall average forecasted salary increase for executives in 2019 is 4.86% as compared to 4.88% in 2018, while it was 4.89% in 2019 (4.88% in 2018) for the non-executives,” said Tan Sri Azman.

“In terms of bonus, 78.2% of respondent companies granted bonus to all executives as compared to 77.7% in 2017, and for non-executives it’s 78.7% compared to 76.9% in 2017. Average forecasted bonus for 2019 also dipped for executives at 2.06 months (2.18 months in 2018) but increased for non-executives with 1.97 months which was slightly higher than the 1.95 months of actual bonus in 2018.”

Tan Sri Azman said the global recession, increasing social costs and political uncertainties following GE14 were among factors influencing the employers’ cautious attitude.

The Surveys also included a section on Discrimination Reporting Procedure. More than 60% of the respondent companies have put in place procedure for reporting discrimination issues at their workplaces for executives as well as non-executives.

It also indicated that more than 88% of the companies indicated that their employees felt being valued with the implementation of anti-discrimination policy at the workplaces.

Besides the MEF Salary Surveys, Tan Sri Azman also launched the MEF Fringe Benefits Survey 2018 and the MEF Analysis of Collective Agreements & Awards on Terms and Conditions of Employment 2017.

Present at the launching ceremony were Vice Presidents En. Abdul Wahab Abu Bakar, Dato’ S.S. Subramaniam, Council Members Tan Sri Dato’ Dr Mohd Noor Ismail, Dato’ Dr Syed Hussain Syed Husman, Dato’ Sri Tan Thian Poh, Dato’ Dr Lim Weng Khuan, Dr Michael Chiam Tow Hui, and Executive Director Datuk Hj. Shamsuddin Bardan. For further information, contact the MEF Headquarters at 03-7955-7778 or fax 03-7955-9008, or email mef_hq@mef.org.my.

27 NOVEMBER 2018

 
 
Tags/Keywords
salary,  bonus,  executive,  non executive
 
/Side Banners/PEMUDAH_170x80.jpg
/Side Banners/BLESS_170x48.jpg
/Side Banners/KWSP_170x104.jpg
/Side Banners/TalentCorp_170x55.jpg
/Side Banners/JobsMalaysia_170x92.jpg
/Side Banners/ilmia_170x52.jpg
/Side Banners/MysIDC_170x48.jpg
/Side Banners/ace_170x153.jpg
/Side Banners/ioe_170x95.jpg
/Side Banners/cape_170x50.jpg
/Side Banners/ilo_170x90.jpg

   ©  Copyright 2019 Malaysian Employers Federation  |  All Rights Reserved.