"According to MEF's survey, total wages had increased by 97.10 per
cent for executives and 91.21 per cent for non-executives from 1994 to
2007.
"After factoring the Consumer Price Index which increased by 37.3 per
cent during the same period, the actual wage increases were in fact
59.8 per cent for executives and 53.9 per cent for non-executives," he
said.
World Bank:
"Azman said the survey results also disproved the World Bank report
which stated that real wages in Malaysia from the year 1994 to 2007,
only increased by 2.6 per cent."
When you say REAL, it means the salary in 1994 versus salary in 2007,
IN world currency terms, not in Malaysian RM. In 1994, 1US = RM2.4, in
2007, 1US=RM3.8
http://www.bernama.com/bernama/v5/newsbusiness.php?id=548935
December 09, 2010 21:27 PM
MEF Expects Private Sector Employees To See Higher Salaries In 2011
PETALING JAYA, Dec 9 (Bernama) -- Employees in the private sector are
expected to receive higher wages next year -- a clear indication that
the Malaysian economy is healthy and well on the road to recovery,
says the Malaysian Employers Federation (MEF).
Its President Datuk Azman Shah Haron said a survey conducted by the
federation found that wages for executives was forecasted to increase
by 5.79 per cent in 2011 compared with a 5.67 pct increase this year.
The survey found that 80.8 per cent of respondent companies granted
salary increase to all its executives this year which was also higher
than the 5.26 pct increase last year.
For non-executives, 80.3 per cent of the respondent companies granted
salary increase in 2010 which was also higher than in 2009.
This trend of salary increase is consistent with Malaysia's strong
economic recovery, Azman said at a media briefing on the "2010 MEF
Salary Survey for Executives and Non-Executives" here Thursday.
Apart from the Salary Survey, MEF also produced six new publications
including the MEF Compensation and Benefits Survey for Sales/Marketing
Personnel, MEF Fringe Benefits Survey 2010, MEF Survey on Man-Days
Loss, Analysis of Collective Agreements and Awards on Terms and
Conditions of Employment 2009 and MEF Survey on Implementation of
Productivity/Performance Linked Wage System.
Azman said the survey results also disproved the World Bank report
which stated that real wages in Malaysia from the year 1994 to 2007,
only increased by 2.6 per cent.
"According to MEF's survey, total wages had increased by 97.10 per
cent for executives and 91.21 per cent for non-executives from 1994 to
2007.
"After factoring the Consumer Price Index which increased by 37.3 per
cent during the same period, the actual wage increases were in fact
59.8 per cent for executives and 53.9 per cent for non-executives," he
said.
If the wage increases are extended to 2010, the total wage increases
from 1994 to 2010 will amount to 114.23 per cent for executives and
107.4 per cent for non-executives.
Therefore, with Consumer Price Index recorded to increase by 44.8 per
cent from 1994 to 2010, based on the yearly MEF survey on wages the
actual increase in wages from 1994 to 2010 will be 69.43 per cent and
62.6 per cent for executives and non-executives respectively, Azman
added.
This proves that the World Bank's report of real wages increase of
only 2.6 per cent from 1994 to 2007 is untrue.
Only the World Bank knows how this was derived at, as their method of
calculation was not revealed, he added.
The survey also revealed that 86.1 per cent of the respondent
companies granted bonus to their executives in 2010 while 83.7 per
cent provided bonus to non-executives, which was higher than the 80
per cent in 2009.
On MEF's survey on Man-Days Loss, he said 94.6 per cent of companies
surveyed indicated that the most common reason for man-days loss was
due to sick leave, other causes included lateness (56.8 per cent),
visits to clinic/hospital (50 per cent), industrial accident leave
(35.1 per cent), prolonged illness (32.4 per cent).
Other reasons were personal/family problems (28.4 per cent) and
application leave not approved (16.2 per cent) and the average number
of man-days loss due to sick leave (non-hospitalisation) in 2009 was
4.04 days per employee.
Based on the 5.5 million formal employees in the private sector in
Malaysia, the total number of man-days loss due to sick leave (non-
hospitalisation) was 22.2 million days per year, he said.
The survey also indicated that the average wage paid for each employee
who took an average of 4.04 days sick leave was RM294.62 per year
while the medical expenses spent per employee was RM511.09 per year
and the average overtime paid to each employee who covers those on
sick leave was RM441 per year, he said.
The MEF survey covered 35,661 employees and there were an average
268.56 work days available to each employee in a year.
The MEF survey for executives was participated by 220 member
companies, involving a total of 101 benchmark positions covering
11,287 executives.
In the survey for non-executives, responses were collected from 40,424
non-executives in 87 benchmark positions from both manufacturing and
non-manufacturing sectors.
-- BERNAMA
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