‘M’sian workers can expect bigger bonus’

KUALA LUMPUR: Malaysian employees can expect to receive bigger bonuses this year, according to a survey by online recruitment company, JobStreet.com.

In a statement yesterday, JobStreet. com said at least 30 per cent of the firms surveyed said they would give out higher bonuses due to improved business performance.

The company recently conducted a Bonus Payout 2014 Survey to get feedback from both employers and employees with regards to salary increments and bonus payouts in February this year.

JobStreet.com said the average bonus payout expected this year was 1.7 months versus 1.5 months in a survey last year.

It said companies in the electronics, accounting/audit and hospitality sectors said they would pay two-month bonuses, which were just above the average.

The finance, banking and human resources sectors indicated that they would be looking to pay bonuses of four months and above, it said.

JobStreet.com said the response from the employers was in line with the employees’ expectations as 58 per cent of the responded employees expected to receive a bigger bonus this year.

“According to these employees, they believed that they have fulfilled more than their companies’ expectations in terms of their work performances,” it said.