KUALA LUMPUR, April 16 — One in two Malaysians worry dropping their jobs as concern grows over how the economic system will impression their job safety, worldwide expertise firm Randstad stated immediately based mostly on its current survey of native workers and job seekers.
The firm stated the 2024 Workmonitor analysis in Malaysia discovered that the worry of job loss was notably larger amongst Gen Z (59 per cent) and Millennials (57 per cent).
The survey requested 517 locally-based workers and job seekers about their profession expectations and experiences throughout 4 themes: motivation and ambition, flexibility, fairness and understanding, and synthetic intelligence (AI) and skilling.
In a press release, Randstad stated its survey discovered 55 per cent of Malaysians would stay with their jobs even when there isn’t any room for profession developments so long as they felt blissful, as a result of job and earnings stability had been their high priorities.
Two in 5 Malaysians surveyed additionally stated that they’re blissful the place they at present are and don‘t thoughts if their profession doesn’t progress. Gen Z (44 per cent) and Millennials (43 per cent) had been discovered to make up the largest numbers of individuals in this group.
When fascinated about the altering economic panorama, Randstad discovered that about two in 5 Malaysians have taken or are taking up second jobs to assist with the rising price of residing, and fear about economic uncertainty impacting their profession development.
The survey additionally revealed that one in two Malaysians stated they’d give up their jobs if it didn’t provide them sufficient profession development alternatives.
However, 55 per cent indicated they’d stay in their present function if they’re proud of it, even when there isn’t any room to progress or develop.
“The labour market in Malaysia has developed from being a transactional one to an employer’s skill to satisfy individualistic expertise motivations and aspirations.
“Companies should prioritise efficient communication to know particular wants like flexibility, profession development, or coaching alternatives.
“Adopting a ‘talent-first’ method addressing personalised worker targets helps companies differentiate and succeed in the aggressive world of labor,” Fahad Naeem, Randstad Malaysia nation director, stated in the assertion accompanying the survey outcomes.
Strong profession ambitions, however rising give attention to total job satisfaction
The firm stated that in Malaysia, 73 per cent contemplate themselves to be bold, which is 17 per cent above the worldwide common.
It additionally famous that 12 per cent of Malaysian staff by no means wish to tackle any managerial roles.
However, Randstad stated its analysis signifies that not wanting profession development doesn’t imply workers haven’t any curiosity in self-improvement, with greater than 4 in 5 respondents (81 per cent) stated rating coaching and improvement alternatives are vital when fascinated about their present and future employers.
The 5 most vital components when fascinated about their present or future employment embody work-life steadiness (94 per cent) and wage (94 per cent), medical health insurance and healthcare advantages (90 per cent), working hours flexibility (89 per cent), job safety (88 per cent) and psychological well being assist (87 per cent).
“While Malaysians are bold to hunt larger salaries and extra prestigious job titles, they steadiness it with discovering employers who can provide a optimistic expertise.
“Being in a position to safe a secure work-life steadiness, having their bodily and psychological well being taken care of by employers, and having the chance to upskill would someday be extra vital than doing the identical job for the next wage,” Naeem added.
The survey additionally stated that the employees proceed to prioritise the ‘future proofing’ of their abilities, notably in mild of the widespread adoption of AI.— eNM pic
Skilling alternatives are non-negotiable for expertise
The survey additionally stated that the employees proceed to prioritise the ‘future proofing’ of their abilities, notably in mild of the widespread adoption of AI.
The survey discovered that almost half (47 per cent) of Malaysians stated that they’d not settle for a job if it didn’t provide studying and improvement alternatives to future-proof their abilities.
More than one in three respondents stated that they’d give up their jobs in the event that they weren’t provided any alternatives to future proof their abilities.
Notably, a major 43 per cent of Gen Z would contemplate quitting a job that doesn’t provide upskilling alternatives, whereas solely 15 per cent of Baby Boomers would take such motion.
In Malaysia, 53 per cent of respondents stated that it’s the employer’s duty to coach and upskill.
With the arrival of AI in workplaces, Naeem stated that workers must develop completely different abilities, and know-how has develop into essential.
“The significance of studying alternatives to expertise reinforces the will for partnership between workers and employers. This is now an vital issue for workers when selecting a job.
“Organisations trying to rent might want to share extra about their studying and improvement efforts and outcomes with job seekers to draw one of the best expertise with aligned values,” he stated.
