Up to 92% of employees in Malaysia are seeking potential new employment opportunities, with almost half...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Up to 92% of employees in Malaysia are seeking potential new employment opportunities, with almost half (44%) rating their current describing their work rate as average, with 6% considering it low. Employees also felt that their employers were not giving them any incentives to thrive. Low levels of reward, coupled with personal stress levels due to the current economic situation, are reasons cited by employees for their lack of productivity at the workplace. According to Employment Hero's 2023 Talent Insights Report, a biannual survey that tracks employee sentiment, 65% of Malaysian respondents said they feel secure with their current job, and nearly half (45%) felt they were receiving inadequate pay. Furthermore, only 38% of respondents said their salary kept up with the inflation rate, which reached record highs throughout 2022. In 2021, 41% of respondents said they were open to changing jobs for pay on par with their current role, dropping to just 8% in 2023. Salaries were still cited as the main reason why anyone would stay with their current organisations or move to another, reported Malay Mail. Employment Hero suggested that organisations should consider investing more in recognizing and rewarding employees as most respondents felt undervalued. "Everybody likes to be recognized for a job well done, yet many employees feel like they aren't being appreciated," it suggested. "Not only was a lack of reward and recognition a top reason for seeking a new role in another business, but 21% of employees would also be encouraged to stay in their role should their business establish a better reward and recognition program." All answers must be supported with examples and application ideas. QUESTION 1 The above case study stated that up to 92% of employees in Malaysia are seeking potential new employment opportunities, with almost half (44%) rating their current describing their work rate as average, with 6% considering it low. Explain the following factors with suitable examples for employees in Malaysia who are looking for a new job. a. Push Factors b. Pull Factors Up to 92% of employees in Malaysia are seeking potential new employment opportunities, with almost half (44%) rating their current describing their work rate as average, with 6% considering it low. Employees also felt that their employers were not giving them any incentives to thrive. Low levels of reward, coupled with personal stress levels due to the current economic situation, are reasons cited by employees for their lack of productivity at the workplace. According to Employment Hero's 2023 Talent Insights Report, a biannual survey that tracks employee sentiment, 65% of Malaysian respondents said they feel secure with their current job, and nearly half (45%) felt they were receiving inadequate pay. Furthermore, only 38% of respondents said their salary kept up with the inflation rate, which reached record highs throughout 2022. In 2021, 41% of respondents said they were open to changing jobs for pay on par with their current role, dropping to just 8% in 2023. Salaries were still cited as the main reason why anyone would stay with their current organisations or move to another, reported Malay Mail. Employment Hero suggested that organisations should consider investing more in recognizing and rewarding employees as most respondents felt undervalued. "Everybody likes to be recognized for a job well done, yet many employees feel like they aren't being appreciated," it suggested. "Not only was a lack of reward and recognition a top reason for seeking a new role in another business, but 21% of employees would also be encouraged to stay in their role should their business establish a better reward and recognition program." All answers must be supported with examples and application ideas. QUESTION 1 The above case study stated that up to 92% of employees in Malaysia are seeking potential new employment opportunities, with almost half (44%) rating their current describing their work rate as average, with 6% considering it low. Explain the following factors with suitable examples for employees in Malaysia who are looking for a new job. a. Push Factors b. Pull Factors
Expert Answer:
Answer rating: 100% (QA)
Answer a Push Factors Push factors are aspects of the current job that motivat... View the full answer
Related Book For
Understanding Business Ethics
ISBN: 9781506303239
3rd Edition
Authors: Peter A. Stanwick, Sarah D. Stanwick
Posted Date:
Students also viewed these general management questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
In a plant producing multiple products, would absorption costing overcost or undercost the more complex products? Why?
-
On January 1, 2019, Garner issued 10-year, 200,000 face value, 6% bonds at par. Each 1,000 bond is convertible into 30 shares of Garner 2, par value, ordinary shares. Interest on the bonds is paid...
-
1. What types of analytics are applied in the injury analysis? 2. How do visualizations aid in understanding the data and delivering insights into the data? 3. What is a classification problem? 4....
-
Football and Cognitive Percentile Exercise 2.143 on page 102 introduces a study that examines several variables on collegiate football players, including the variable Years, which is number of years...
-
The financial statements for Nike, Inc., are provided in Appendix D at the end of the text. a. Determine the free cash flow for the year ended May 31, 2010. Assume that 90% of additions to property,...
-
If you have $577 today and you think you can earn an interest rate of 6% per year, how many years until you have $982?
-
Use numerical integration to evaluate the following, provide a table to summarise your results. How could you improve the evaluations? a) sin (), use 10 intervals, N = 10 b) V1+x2, use 8 intervals, N...
-
The duration of the meetings in a firm presents skewed distribution. Using Central Limit Theorem, comment on the distribution of the mean of a large sample of the meetings.
-
What are the main issues involved in using EVM effectively? How can a project manager overcome these issues?
-
Consider any project you have been involved in. Which of the control tools would you use? Why?
-
Because of the large increase in the price of tofu, Ms. Vigor changed her diet to 1,200 bottles of carrot juice and 250 pounds of tofu in 2010. Calculate Vigors rate of inflation using C 2000 = cost...
-
What are the reasons that prevent an effective closeout? How can you avoid these?
-
An investment that produces $ 2,000 a year for 7 years and has a present value of $ 10,000. how much is the yield on the investment?
-
Phosgene, COCl2, is a toxic gas used in the manufacture of urethane plastics. The gas dissociates at high temperature. At 400oC, the equilibrium constant Kc is 8.05 104. Find the percentage of...
-
What should consumers demand when companies recall products? What are the ethical considerations for recalls?
-
Why do you think Pepsi decided to release the AMP app in the opening vignette? Do you think Pepsi officials were surprised by the response of the public?
-
On October 29, 2003, Richard Scrushy, the former CEO of HealthSouth, was indicted by the federal government on 85 counts of fraud. He was released on a $10 million bond and a proposed trial date was...
-
Companies are facing a great amount of change in every facet of their operations today. To remain competitive, companies must keep abreast of current developments in several areas. You recently got...
-
For each of the situations listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that is violated (competence, confidentiality, integrity, or credibility.)...
-
Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all. a. To quickly navigate to the end of the data in a...
Study smarter with the SolutionInn App