In a globalised world, it's no surprise that having overseas exposure is important. These experiences can allow workers to gain different perspectives, learn new skills from their global counterparts.
According to the Randstad Workmonitor's 2019 Q3 results, having the opportunity to work in another country is an important factor for employees.
In fact 89% of those aged between 18 and 34 were willing to emigrate to pursue a meaningful career in another country.
Nine in 10 respondents (90%) would relocate if they can progress in their careers and have good work-life balance, while 85% would move for a substantially higher salary, and 71% would do so if it means they can keep their jobs with their current employers.
The top destination choices for Malaysian respondents - Australia, Singapore, and Japan, as these countries are perceived to be able to provide higher salaries and support healthier work-life initiatives. Another plus point is the better currency exchange rates these nations provide.
Jaya Dass, Managing Director of Randstad Singapore and Malaysia, said: "To curb this 'brain drain', it is critical for companies to keep up with the labour market changes and invest in their businesses and people as we make the fundamental shift to become a highly-innovative economy, which is prompted by the fourth industrial revolution."
She added that the more technology is embraced, the more skilled jobs there will be for Malaysian talent. This will also create more training and development opportunities for the workforce to equip themselves with in-demand skills, particularly in new technologies.
She concluded: "When this happens, the average salary benchmark will increase and workers will be able to negotiate for career progression and higher salaries."
The Randstad Workmonitor's 2019 Q3 survey also found that 21% of Malaysians changed employers in the past six months and 40% have showed interest in looking for a new jobs.
Additionally, 42% said that while they are not actively looking for a job, they would be open if an opportunity comes by.
Photo / iStock
Follow us on Telegram and on Instagram @humanresourcesonline for all the latest HR and manpower news from around the region!