FOR IMMEDIATE RELEASE
|Positive Growth in Salaries of ICT Professionals
Average salary increased by 10.9% in 2011
Kuala Lumpur, Tuesday (May 22, 2012) – PIKOM, the National ICT Association of Malaysia unveiled the latest edition of the ICT Job Market Outlook today. The fifth edition of the report saw the continued collaboration with KPMG and Jobstreet.com in producing the report. Please click on the link to view the ICT Job Market Outlook in Malaysia.
“The trends indicate a positive feel on the overall job market in the country. Salary growth is moderate in tandem with the economic climate in Malaysia which is still experiencing resilient growth in spite of the conditions in Eurozone.” said Woon Tai Hai, PIKOM chairman.
The average salary of ICT professional rose from RM 5,626 in 2010 to RM 6,280 in 2011, a rise of 10.9%. The average entry-level salary saw a significant rise from a minimum of RM1,800 to RM 2,238. “There has been a lot of talk that the average entry-level salaries have not seen much increase over the last ten years. PIKOM feels a moderate increase is manageable that will continue to attract people to the ICT industry.” added Woon.
However, the ICT industry is still lagging behind some industry in terms of salary. The oil and gas industry is by far the highest paying followed by those employed by telecommunications companies.
In the ICT industry, professionals in software development category earned the highest average salary taking home RM 3,600 compared to RM 3,025 in the hardware category and RM 3,225 in the call centre category. This is for professionals with an average of 5 years of experience.
The larger local companies and multinational corporations that employ more than 1,000 people tend to have higher salary with an average of 36.4% higher than companies with less than 100 employees. “It looks like size does matter.” added Woon.
As expected, the salaries in the Klang Valley are higher by 9% compared to Johor but it is only marginally higher by 1.7% compared to Penang. In the region, Hong Kong professionals earn 3.1 times more than Malaysian ICT professionals. This is followed by Singapore that offers 2.52 higher salaries. Even our counterparts in Thailand, their salaries have caught up with Malaysians and are now marginally higher. Developed, English-speaking countries are still the main attraction for our graduates attracting them with higher salaries.
Overall the job market sentiment is still good. There are still concerns about the global slowdown especially in Europe where the sovereign debt crisis has not improved the last 2 years. PIKOM is estimating at least 9% growth in salaries in 2012 in line with the stimulus provided by various government economic programmes.
PIKOM, THE NATIONAL ICT ASSOCIATION OF MALAYSIA is the association representing the information and communications technology (ICT) industry in Malaysia. Its membership currently stands at over 1,500 comprising companies involved in a whole spectrum of ICT products and services which commands about 80% of the total ICT trade in Malaysia. PIKOM works to improve the business climate in the interests of all its member companies and to promote industry growth in line with national aspirations.
PIKOM's membership is open to all Malaysian companies who supply ICT products and services in the computing and telecommunications industries. However, non-ICT companies are also welcome to join the Association as associate members.
Issued by : PIKOM
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