Has the ‘Great Resignation’ hit Malaysia?

On the move: According to the 2021 Employee Movement and Retention report, 61% of Malaysian talent plan to find a new job in the next year. — 123rf.com.

There is no doubt that many workers were retrenched, terminated or made redundant as businesses grappled with financial losses due to the Covid-19 downturn, but have Malaysians also embraced the Great Resignation and willingly left their jobs? And if so, what drove them to it?According to the 2021 Employee Movement and Retention report released Employment Hero, Malaysia’s Covid-19 economic recovery has triggered a nationwide employee movement.

When asked what would encourage them to stay in their current role, 45% of respondents said a salary increase; 32% want more rewards and recognition; 28% selected a promotion; 28% want the introduction of a bonus structure, and 24% would like flexible working options. At the end of the day, putting food on the table is a priority for everyone and stagnant salaries are one of the major drives for career changes. Worrying data from the Higher Education ministry show that at least 10% of fresh Malaysian graduates with degrees have been getting a monthly income of between RM1,001 and RM1,500 since at least 2010. The average monthly salary for Malaysians for the year 2020 is RM2,933 while the median is RM2,060.

Dr Syed Hussain believes Malaysia is not expected to experience mass resignation of workers due to pandemic frustrations. “Furthermore, many digital platforms have been launched to allow them the opportunity to earn income from home,” he explains.Nevertheless, Syed Hussain says that employers who have resumed operations would want to retain their employees as these employees have the necessary skills and training to carry their work.

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