Friday, March 23, 2012

Working professionals are in for higher remuneration

Via The Star Online, professionals with in-demand skills this year are set to increase their salaries by between 20% and 30%. While there is economic uncertainty in the United States and Europe, experts also predict that the brain drain situation will improve with the domestic job market booming and increase foreign investment, writes P.Aruna.

If you’re from the banking and finance, oil and gas, pharmaceutical, fast-moving consumer goods, IT and telecommunication sector, well you’re in for good news! A survey revealed that experienced professionals in these sectors can command higher salaries.

It was reported that foreign direct investments into the country increased by 12.3% to RM32.9bil last year, with almost 150,000 job opportunities expected to be created as a result.

“Recruitment specialists Robert Walters, in their latest salary survey, say the “hot jobs” will be in the oil and gas sector, among others, which will be looking to fill specialised technical engineering posts. Senior sales and marketing professionals will always be in high demand, according to Robert Walters Malaysia country manager Sally Raj. Also on the “wanted” list, she said, are trade professionals in transaction and people experienced in finance and governance as banks are expected to hire heavily this year.”

“A Talentcorp spokesman said Malaysia had become an attractive work destination for top global talents especially in the oil and gas, Islamic finance, palm oil and electric and electrical engineering sectors. Under its Returning Expert Programme targeted at Malaysians abroad, Talentcorp approved 680 applications in 2011, compared to 313 in 2010, he said. “These professionals who were previously based in Britain, Singapore, US, Australia, China and Middle East countries, among others, are now actively contributing to key economic sectors in Malaysia,” he said.”