Sunday, January 25, 2009

JobsDB Compensation and Benefit Survey Report 2009

JobsDB has just released a 67 pages Compensation and Benefit Survey Report 2009. Opinion Research Corporation is the research consultant for this survey.

This survey is conducted to collate information on the pay trend of both full-time salaried employees working in different business sectors in Malaysia. Information on different types of benefits was also collected to complement the analysis.

The survey covered 107 companies from 36 business sectors. Only full-time salaried employees working in Malaysia were surveyed. Expatriates, part-time and temporary employees were excluded. Among the 107 companies surveyed, 58% of the companies employ less than 50 staff; 14% employed between 50-100 staff; 15% employed between 101-200 staff; 8% employed 201-500 staff and 5% employed more than 500 staff. The information gathered is recent to December 2008.

The salary range of various job functions in 2008 and 2009, and their increment in 2009, are detailed out in the report.

Here are some of the findings in the report:

  • In 2009, 38.9% of the employees’ salaries are expected to be freeze. 54.8% of them will have an increase between 0.6% and 7%, whereas 6.3% will have an increase of more than 7.0%.
  • The overall average amount of performance bonus for senior management in 2008 was 1.4 months (of the basic monthly salaries), for middle management was 1.0 months, for executives is 0.8 months, and for non-executive is 0.6 months.
  • By 2009, 76% of the employees in the surveyed companies are expected to enjoy a five-day working week. Among the surveyed, 67% have already implemented a five-day working week policy in or before 2008. For those not implementing in 2008, 9% expect to implement next year.
Click here to download the JobsDB Compensation and Benefit Survey Report 2009.

You might probably also be interested to read on:

    Thursday, January 22, 2009

    Intel decided to close 2 plants in Penang

    Intel has been one of the major foreign investors and employers in Penang for thirty over years, providing job for about 6000 workers in the island. The company is known as one of the good employers with great career prospects that most electronic and/or electrical engineers wanting to work for.

    However, the current global recession is now putting a blow to about 2000 affected workers in Intel Penang, after they decided to shut down 2 assembly test facilities (PG6 and PG7) in the island as part of their global restructuring plan.

    No doubt their move will affect the Malaysian economy, as generally Intel's employees are having relatively higher income, which have higher purchase power that contributes to the economy especially the property and retail sectors in Penang island itself.

    It is hoped that their remaining 6 plants in Penang, as well as their plants in Kedah Kulim Hi-Tech Park will continue to operate and not be affected.

    It is also hoped that the Penang state government currently ruled by Pakatan Rakyat and leads by Chief Minister Lim Guan Eng can come out with some good measures in retaining foreign investors in Penang.

    I feel really sorry to hear about this, and feel more worry about the global economic situation.

    Wednesday, January 21, 2009

    Citibank credit card cash back promotion

    Good news to Citibank credit card users!

    Citibank has allocated RM2,200,000 for a "Guaranteed Cash Back Promotion" running from 15 January 2009 to 15 April 2009. Under this promotion, cash will be given back to their eligible credit card users provided the terms and conditions are met.

    Here is the detail.

    Eligible credit cards:
    All Citibank principal credit cards issued in Malaysia except the Shell and Giant co-branded cards.

    Promotion period:
    Month (1) : Jan 15 - Feb 14
    Month (2) : Feb 15 - Mar 14
    Month (3) : Mar 15 - Apr 15

    How to get the cash back?
    There are 3 promotion periods, each last for 1 month. During each of the promotion periods, if you spend 5-7 times for retail transaction of minimum RM50 with your Citibank credit card, you will get RM10 cash back for that month. If you spend 8 times and above, you will get RM20 cash back.

    Register for participation:
    Card members are required to register in order to participate in this campaign. There are 3 ways to register:

    The tracking of cash back earned by the participant shall commence only upon successful registration.

    Click here for detail information about the Citibank credit card cash back promotion.

    Hint: Click on the "Older Posts" link to continue reading, or click here for a listing of all my past 3 months articles.