Employees in Malaysia prioritise wellbeing and growth

Younger generations in Malaysia, notably Gen Z and Millennials, are increasingly concerned about career stagnation and job security.
By: | April 17, 2024
Topics: Employee Experience | Malaysia | Mobility | News | Professional Development

The landscape of employment in Malaysia is undergoing a profound shift, as priorities among employees evolve beyond traditional career advancements. According to Randstad Malaysia’s Workmonitor Research, factors such as work-life balance, personal fulfilment, and upskilling opportunities now reign supreme in the minds of employees.

One key finding of the research is the prevalent concern among respondents regarding career stagnation, with nearly half indicating a willingness to seek new opportunities if their current roles lack avenues of progression. This sentiment is particularly pronounced among younger generations, with Gen Z (59%) and Millennials (57%) expressing worries about job security amidst economic uncertainties.

In response to the challenges posed by economic fluctuations and the rising cost of living, approximately 40% of respondents are actively pursuing or considering secondary employment.

Moreover, the research highlighted a nuanced perspective on career fulfilment, as 55% of respondents indicated a willingness to remain in roles that provide personal satisfaction, despite the absence of clear advancement paths. Specifically, two in five respondents expressed contentment with their current employment situations and lack the desire for career advancement. This sentiment is notably prevalent among Gen Z (44%) and Millennials (43%).

Key factors influencing employment decisions among employees in Malaysia include work-life balance (94%), salary (94%), health insurance and healthcare benefits (90%), flexibility in working hours (89%), job security (88%), and mental health support (87%).

READ MORE: Malaysia nears “full employment” as job market stays strong in 2024

The research also explored four main themes: motivation and ambition, flexibility, fairness and understanding, and the role of AI in upskilling. The findings revealed a broader definition of career ambition, with 73% of respondents identifying themselves as ambitious. However, only 12% expressed interest in assuming managerial roles, suggesting a nuanced approach to career aspirations.

Despite varying levels of enthusiasm for traditional career progression, there is a consistent desire for self-improvement. Over 80% of respondents prioritise training and development opportunities when evaluating current and prospective employers, underscoring the importance of continuous learning in today’s workplace, reported New Straits Times.