Salary budgets for employees projected to increase in 2023

BY SHARIFAH PIRDAUS SYED ALI KUALA LUMPUR: Companies in Malaysia are expected to allocate higher salary budgets in 2023, mainly influenced by the competitive labour market conditions and inflationary pressures driven by the rising cost of living, said global advisory, broking and solutions company, WTW. Based on its Salary Budget Planning Report 2022, WTW said […]

Focus on better education system, address job mismatch

KUALA LUMPUR: The 12th Malaysia Plan (12MP) will focus on improving the country’s entire education system as well as addressing the issue of skills mismatch in the labour market. Prime Minister Datuk Seri Ismail Sabri Yaakob said this was because the education system needs to produce quality and highly skilled human capital to meet industry’s […]

Statistics show unemployment among graduates up in 2020

KUCHING: Unemployment among graduates in Malaysia has risen by 22.5 percent in 2020 while underemployment is also on the rise as the economy convulses in response to the Covid-19 pandemic, says the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said an unfavourable economic environment in 2020 and its consequences […]