In 2017, as Malaysia continued its progress towards its Vision 2020, the demand for high calibre technology talent remained significant.
Continued trend of onshored companies
Throughout 2017, there was the continuing trend of foreign companies onshoring to Malaysia and establishing regional or global hubs, fueling the talent demand to support these onshoring moves even further.
Commercial IT talent was in demand
In addition to IT shared services operations increasing in size and scope, we were also seeing an increase in demand for commercial IT professionals in 2017. This demand was across Applications and Enterprise, encompassing roles such as Web and Mobile Developers, Data Scientists and Engineers, as well as Cybersecurity and Digital Workplace professionals.
Hot talent areas include IoT, AI and Big Data
Mirroring global trends, the hot technology areas in 2017 for Malaysia include Internet of Things (IoT), machine learning, robotics, artificial intelligence (AI), Big Data, data analytics, cloud services, cybersecurity and digital. IT professionals with experience and a proven track record in these areas have been and will continue to be in high demand.
We have also witnessed an increasing interest in contractors as companies look to adopt a more flexible workforce to support key projects.
Technology talent outlook for the year 2018
Going into 2018, we expect to see the trends of 2017 to continue, as well as to see more talent focus on virtual and augmented reality (AR) as well as blockchain.
However, the technology skills gap is likely to deepen due to multidimensional integration across different platforms, and we do expect to see more hybrid roles appearing. Demand for IT professionals will outweigh supply, and in order to meet business requirements, organisations will need to think deeper about their talent strategy to stay ahead.
Salary Report for H1 2018*
*Notes about salary table:
- Titles and levels vary from organisation to organisation.
- The salary ranges given are only approximate guides. For tailored salary advice, please contact us directly.
- 12-month base salaries are assumed.
- All other benefits and bonuses are in addition to these figures.
- Bonus ranges can vary significantly from company to company and will be influenced by market conditions, business and individual performances. Bonus ranges from 1 month at the low end to 100%+ at the upper.
- Holiday entitlements range from 12–25 days with senior executives not usually receiving less than 18 days. Less than 15 is very rare and 20 days is becoming the norm.
- Healthcare policies are standard.
- Pension plans vary with some companies offering greater than the standard contribution. Top up schemes can increase employer contribution levels as much as 15–20% of the base salary for senior executives.
by Siew Yong Bong