Setting the right reward strategy in Malaysia.

Organisations in Malaysia are dealing with a range of challenges encompassing digital transformation, new technologies, demographic changes, the talent crunch, evolution of the employer-employee relationship, flexible working, and more.

With little movement in salaries and reward strategies to keep up with the change, it is no surprise that organisations are being forced to reimagine total reward and benefits.

According to The Talent Shift Study by Korn Ferry, Malaysia’s C-suite are cautious about skilled talent supply with 96% stating they would need a higher proportion of skilled workers in the future.

While an encouraging 88% have a formal forecast for their future skilled talent needs, the study revealed that many leaders see talent challenges as cyclical instead of a permanent structural change, with only 16% of those have a formal forecast planning through to 2030.

Couple this with a talent shortage of skilled professionals predicted to hit the world as early as 2020, organisations in Malaysia could be faced with unexpected wage premiums as they try to develop and retain their best people.


Register to listen to our webinar, where our Kuala Lumpur reward experts discuss:

  • The overall reward outlook in Malaysia  - the influence of macroeconomic trends on talent and reward management.
  • Trends from our latest salary surveys including hot jobs, leading and emerging industries.
  • Challenges in getting remuneration right in an increasingly digital market.
  • How organisations in Malaysia could reimagine their total reward and benefits strategy to stay ahead.
Halim Ariff
Country Leader, Products

Halim Ariff is the Country Manager of Products at Korn Ferry, Malaysia. With over 23 years of corporate and consulting experience, Halim is well versed in high level C-suite stakeholder management. He has served clients throughout ASEAN, East and South Asia as well as in the Middle East. An expert at strategic engagement and board level syndication Halim also oversees revenue, profit, and growth targets for the Products Group. As a member of the senior management team, Halim plays a critical role in ensuring collaboration between teams as well as the cross selling of products and services across all business units within Korn Ferry.

Siva Balasubramanian
Senior Client Partner

Siva is a Senior Client Partner for Advisory based in the firm’s Kuala Lumpur office. Siva specialises in organisation & job design, succession planning and career pathing, pay & status alignment, enabling potential and improving productivity. Siva has deep expertise in assessing, developing, and coaching CEOs, executives, top teams and high potential leaders, to bring out their best today and prepare themselves for future aspirations. Siva is a lead facilitator on several IP led initiatives including Org. Structure & Job Design, Job Evaluation, Making Great Leaders, Top Team Effectiveness, and High Impact Assessments. Siva has worked with a variety of diversified conglomerates and MNC clients across the APAC region.

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