42 per cent of Malaysian employees are prepared to drop their salary by up to 10 per cent in order to work from home, with a further 23 per cent prepared to take a hit of up to 20 per cent for the same privilege, according to a recent poll by recruiting experts Hays.
Approximately one-third of the 1,137 respondents polled, 35 per cent, said they are happy to commute if it means more money.
“The cost and time taken to commute to work are the main reasons why Malaysians would consider taking a pay cut to work from the convenience of their own homes”, says Tom Osborne, Regional Director of Hays Malaysia.
This is further supported by the World Bank’s 2015 Malaysia’s Economic Monitor , which stated that commuters wasted more than 250 million hours stuck in traffic jams in the Greater KL area in 2014. The cost of lost hours and fuel added up to at least RM 3,100 per head, or more than 1.1% of annual national GDP, a substantial cost only heightened by increasingly challenging traffic conditions.
“Work location plays a much bigger role for Malaysians compared to other Asian countries such as Singapore, Japan and China”, says Tom. The 2016 Hays Asia Salary Guide, a separate report released earlier this year, revealed that 18 per cent of Malaysian respondents considered work location as a key motivator when exploring new opportunities, compared to 11 per cent in Singapore and China and 15 per cent in Japan.
But for some people working from home is not always the solution. As Tom explains, “There are various jobs that do not suit working from home due to the need for face-to-face interaction or sensitivity of information. Presence in the office is also important in establishing professional relationships within an organisation and fostering team culture.”
According to Tom, instead of working from home, flexi-working hours could be an alternative solution. “Flexi-hours allow staff to plan their schedules more effectively and avoid peak hour traffic, resulting in increased productivity and less cost of lost hours for employers. It can also be a popular retention strategy as employees are able to better achieve work-life balance through this arrangement.”
Get your copy of the 2016 Hays Asia Salary Guide by visiting www.hays.com.my/salary-guide, contacting your local Hays office or downloading The Hays Salary Guide 2016 iPhone app from iTunes.
Hays is located in Kuala Lumpur at Suite 4 & 5, Level 23, Menara 3, Petronas, Kuala Lumpur City Centre. Phone +60 3 2786 8600 or email firstname.lastname@example.org
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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For further information please contact Esabella Yeung, Marketing Executive SEA, Asia at Hays, on +65 6424 0158 or Esabella.Yeung@hays.com.sg