Local companies sees growing interest in hiring overseas nationals
Published on: Thursday, January 29, 2015
Kuala Lumpur: The latest annual Global Salary Survey by Professional recruitment firm Robert Walters, showed that the Malaysian employment market is likely to remain largely candidate-driven this year, with top professionals commanding mutltiple job opportunities and counter offers.Local companies have also increasingly shown keen interest in hiring overseas nationals due to their global exposure and knowledge of the domestic business culture, Robert Walters said in a statement.It pointed out that this was largely a result of strong initiatives from the Malaysian government agency TalentCorp, which actively engaged with local talent working overseas under its Returning Expert Programme (REP).
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The REP, which came into effect in April 2014, facilitates the return of Malaysian professionals from abroad to overcome the shortage of professional and technical experts in the country, towards creating a world-class workforce in Malaysia, particularly in the context of driving the Economic Transformation Programme (ETP)."In 2014, these skilled candidates were particularly in demand within the IT, finance and banking sectors. We expect to see a prevalent awareness for returning Malaysians in 2015 which will widen the local talent pool," the statement said. The survey suggests than on average, professionals who secure new positions will expect a 10-20 per cent salary increment in 2015, while candidates are likely to receive counter offers which will drive salaries up further, if demand continues to exceed supply, the statement added. "Malaysia enjoyed healthy growth due to expansion within the shared services industry and the entrance of multinational hubs, which was largely attributed to the government's policies allowing ease in setting up business operations," Robert Walters Malaysia Country Manager Sally Raj said.
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"As a result, we also saw more intense competition between organisations for top talent," she said.Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
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Robert Walters, established in 1985, is the world's leading specialist professional recruitment consultancy and focuses on placing high-calibre professionals into permanent, contract and temporary positions at all levels of seniority. It has built a global presence with 53 offices spanning 24 countries. – Bernama
