Great Resignation unlikely to happen in Malaysia

Uncertainty over the pandemic’s effects on the economy and the high unemployment rate are likely to keep employees in their current jobs.
By: | March 9, 2022

Malaysian Employers Federation (MEF) president Datuk Dr Syed Hussain Syed Husman said the high employment rate of 4.7% in the third quarter of 2021, exacerbated by economic ramifications caused by the pandemic, is unlikely to contribute to a higher turnover rate among employees.

“Employees thinking of leaving their company would have to consider whether the new job would be any more secure than their present one. Employees’ families may not be ready to take chances for change in view of the current volatile situation and the potential of new variants of COVID-19,” he said.

Concurring, Srithren Krishnan, head of the human resource department at international events solutions consultant firm Arena Middle East and Asia, said Malaysia would not experience such an exodus of employees. “We have not recovered from COVID-19, with the rising numbers of new cases daily,” he said.

READ: Malaysia sets up centres to support employment

Syed Hussain and Srithren were commenting on a recent survey by the UCSI Poll Research Centre on the possibility of a Great Resignation happening in Malaysia.  The poll covered 820 individuals, with 60% of respondents agreeing that Malaysia would experience a wave of job exits, and 40% disagreeing, according to The Sun.