Latest Job Postings (updated : Nov 2010)
Property Development
Financial Services
News & Articles Section
8 December, 2010
Reward staff for the long term
(source : The Star)
PETALING JAYA: The anticipated year-end bonus bonanza for Malaysian workers should not just be a one-off hurrah.
MTUC president Syed Shahir Syed Mohamud said efforts must be taken in the long term to ensure that Malaysia truly transformed into a high-income nation by 2020.
He said that although it was the right thing for employers to extend bonuses to their staff to reflect the country's positive economic performance this year, such generosity ought to be shown in the long run.
"It only makes sense as when it comes to the real picture, employers should be giving better pay-offs and salaries to accurately indicate the swift recovery of our country's economy this year. It's time to walk the talk," he said when contacted yesterday.
"However, in the long term, it is hoped that employers do not forget to ensure that their staff will also be enjoying progress in their earnings, in line with the Government's intention of developing a high income economy in the next 10 years," he added.
Syed Shahir said awarding bonuses would also see indirect returns as this would help to generate demand by consumers, resulting in higher retail sales.
"Bonuses and pay increases will also help spin and regulate the economy. When people spend and demand grows, positive signs will also be seen in terms of how businesses perform," he said.
Employees could also use the long-awaited bonuses and pay rise to offset their debts, added Syed Shahir.
"During the recession, many employees faced deficit in their savings, especially civil servants who began relying on credit facilities," he said.
"Therefore, if the aim is to see salary per capita reach around RM4,000 a month or RM45,000 a year, there is much to be done. We have to start now."
Back