TAFEP Hero 2024 Oct
COVID-19: One-third of staff surveyed in Malaysia faced a pay cut of more than 30%

COVID-19: One-third of staff surveyed in Malaysia faced a pay cut of more than 30%

With COVID-19 impacting businesses in one way or another, employees have no doubt had their own lifestyle impacted - be it through salary reductions, job losses, temporary layoffs, and more.

In fact, in Malaysia, a recent survey by JobStreet revealed that close to half of the respondents (48%) have faced a negative impact on their salaries and remuneration.

Of these, one in three had even reported a salary reduction of more than 30%; and in light of such matters, most employees expressed concern about both their finances and job security. These concerns have resulted in a decline in job happiness, particularly in those working in service-oriented sectors and those with young children.

Additionally, employees working for small and medium organisations had also rated their job happiness as lower.

Apart from the above, close to seven in 10 employees have experienced an increased scope of work as a result of COVID-19's impact on their business, and this was more common among higher-paid employees in larger firms (68%).

  • The education sector faced this the most (+54%), followed by the manufacturing sector (+45%), due to the increased need for remote learning and greater demand for goods.

On the other hand, employees in both the hospitality/catering sector  (+45%) and architecture/construction sector (+36%) experienced a decrease in their scope of work.

w jobstreetinfographic

Photo / iStock

Infographic / JobStreet


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