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Digital salaries need a reboot

admin2021-10-0812

Pikom Woon Tai Hai

PETALING JAYA: Although the growth of the local digital industry has accelerated due to the Covid-19 pandemic, salaries have not gone up all that much.

Malaysia has dropped behind Thailand in terms of digital job salaries, according to data from compensation management company Payscale and national tech association Pikom.

The salary figures in the Economic and digital job market outlook research report by Pikom, which compared 11 economies, were adjusted for purchasing power parity (PPP).

In terms of digital job salaries, Malaysia was ranked seventh behind the United States, Singapore, Australia, United Arab Emirates, Hong Kong and Thailand.

Malaysia remained ahead of Indonesia, Vietnam, India and the Philippines.

Pikom chief executive officer Ong Kian Yew said stakeholders such as the digital industry, government and institutes of higher education play an important role in reducing the “brain drain” or talent outflow from the country for better paying jobs.

“Also, while it’s about individual choice, pay is not the only factor. Do we have enough demand (in the digital industry) to absorb the extra talents?” he said after an online presentation of the research report.

According to Jobstreet data, the top paying industries for digital professionals in 2021 were electrical and electronics (RM12,532 average monthly salary), followed by call centres, information technology enabled services or business process outsourcing (RM11,666), property or real estate (RM11,544), telecommunications (RM11,485), science, technology, aerospace and bio-technology (RM11,242).According to Jobstreet data, the top paying industries for digital professionals in 2021 were electrical and electronics (RM12,532 average monthly salary), followed by call centres, information technology enabled services or business process outsourcing (RM11,666), property or real estate (RM11,544), telecommunications (RM11,485), science, technology, aerospace and bio-technology (RM11,242).“Salary growth in 2020 was on average 2.2% and the forecast for 2021 is only 0.1% and for 2022 at 2% as a direct impact of the pandemic including the movement control order periods, economic uncertainties and job losses,” said Pikom.

The number of jobs advertised remained high, reaching 135,451 in 2020 and 97,909 in 2021 (up to June), according to Jobstreet.

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