More Malaysians worried about job stability

A market in Kuala Lumpur, Malaysia (Photo: AFP/VNA)

Kuala Lumpur (VNA) - Malaysian employees have voiced concerns about financial and job stability amid a softening economy laden with worldwide business restructuring, increasing operating costs, and high interest rates, according to talent agency Randstad Malaysia.

Ranstaad said on April 12 that 60% of the respondents in its survey are concerned over losing their jobs in Malaysia.

Though 80% of the respondents are worried about how the economic uncertainty would impact their livelihood, and 86% retain strong confidence in their employers to provide them with security.

With more news of business restructuring and lay-offs around the world announced, concern about job and income stability also mounts in Malaysia, said Randstad Malaysia country director Fahad Naeem.

In the survey, 65% of the respondents said that they will not accept a new job offer if it does not give a significant pay increment.

Instead of holding off their career decisions until the economy is stable, the survey revealed that people are actively looking for jobs to sustain their ability to pay for essential services and pursue their desired lifestyle./.

VNA