PETALING JAYA: Employees in Malaysia can look forward to a median 5% increase in their salaries next year, up from 4.8% this year, according to Mercer’s annual Total Remuneration Survey 2022. The asset management firm said the salary increment would be a return to the pre-pandemic level, as seen in 2019. Mercer said Malaysia’s median salary increment is also above the Asia-Pacific average of 4.4%. “Across Asia, the overall median salary increases reflect a divergence in pay progression between emerging and developed economies, with estimates as high as 7.1% in Vietnam to 2.2% in Japan, the lowest in the region,” it added. Mercer said the retail and consumer goods industries are expected to see the biggest upturn in salary increments of 5% in 2023, up from 4.5% and 4.6%, respectively, in 2022.
