It seems like Malaysian employees are getting more demanding. According to Randstad Malaysia's annual Bonus Survey, the bulk of Malaysian staff (77%) are expecting a bonus payout this year for their efforts in 2017 - up from 66% last year.
In fact, the survey of more than 700 professionals in Malaysia revealed that 37% are likely to start looking for a new job if they do not receive a bonus payout this year. Randstad noted that the increasing expectation towards bonuses from employees indicates a positive sentiment around economic and organisational performances.
About a fifth of respondents (26%) expected a bonus of between three and five months, with the construction, property and engineering and manufacturing, banking and financial services sectors standing out at 47% and 26% respectively.
Intriguingly, while slightly more than six in 10 (62%) said getting a bonus is important, it is not the most important factor for their overall engagement within an organisation; meaning that bonuses are not the sole factor in determining employees decisions on changing jobs.
Ryan Carroll, country director of Randstad Malaysia, said, "Malaysians are starting to place a greater value on what were previously considered "softer" factors. Good work-life balance was the second most important employer brand factor in 2017, a two-rank increase from 2016. It is important for employers to understand what contributes to an engaged, productive workforce to attract talent and retain its employees."
Infographics / Randstad Lead photo / 123RF