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Wednesday, January 15, 2014

Bonus payments stay steady in Malaysia, average fixed bonuses at 1.6 months

Kuala Lumpur: With the national economy showing signs of recovery amid the overall positive trade outlook globally, Malaysian employers are expected to maintain bonus levels this year at same rate as 2013.

When variable bonus payments pop up in staff accounts from later this week, Hay Group`s “Market Remuneration Report for Malaysia” found that top achievers can look forward to getting an average of four months of basic salary and more.

“The biggest beneficiaries are staff at major equity investment bodies as returns were strong last year,” said Hay Group Malaysia country head for productivity services Alex Lim in a statement.

Hay Group Malaysia is part of global organisation that provides management consultancy services and world-class solutions to business issues that support clients` efforts translate strategies into results.


Source: The Borneo Post, Business, page B1