Human Capital
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Malaysia has a work force base throughout the value chain. Skilled labour is available with the added advantage of English literacy.
Malaysia Salaries Scale
| Executives in Manufacturing Sector* | Non-Executives in Manufacturing Sector* |
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Fringe Benefits Annual leave entitlement (median) for executives ranged between 15 to 23 days per calendar year depending on management level and length of service. All of the respondent companies provided medical benefits to their executives while 58.3% also extended the facilities to dependents. Personal accident insurance is more commonly provided to executives as compared with life insurance. The more common types of loans provided to executives are car loans, personal loans and computer loans. The overall average salary increase in 2005 was 5.91%. 88% of respondent companies granted discretionary bonus to their executives, with an average bonus of 2.21 months |
Fringe Benefits Annual leave entitlement was based on years of service. Half of respondent companies provided between 10 to 14 days for employees with less than two years' service and between 14 to 16 days for those with two to less than five years' service. Almost all respondent companies (97.1%) provided medical benefits to their non-executives with about 44.3% extending the benefits to dependents. 89.3% of the companies provided personal accident insurance to their non-executives. A majority of companies provided a shift allowance to their employees, generally calculated on a daily basis - up to RM2.00 (US$0.53) for the first shift, RM2.01-RM4.00 (US$0.53 - 1.06) for the second shift and RM4.01-RM6.00 (US$1.06 - 1.59) for the third shift. In 2005, 94.7% of companies granted an increase in salary to either all or selected non-executives, mainly based on performance. The average increase was 5.69% in 2005. |