KUALA LUMPUR, May 20 — Science, Technology, Engineering and Mathematics (STEM) graduates in Penang are getting higher starting pay from RM3,500 onwards compared to their peers in...
KUALA LUMPUR, May 20 — Science, Technology, Engineering and Mathematics graduates in Penang are getting higher starting pay from RM3,500 onwards compared to their peers in the Klang Valley and other parts of the country,Malaysia Semiconductor Industry Association’s Datuk Seri Wong Siew Hai told the newspaper that factories in the state dubbed the country’s electric and electrical hub will pay fresh graduates as much as RM5,000 if they are involved in the design and development of integrated...
He said there was a lot of competition for manpower so multinational companies set higher salaries to attract skilled workers and fresh graduates.However, Chuah said hiring is now undergoing a slowdown due to the US-China trade war as well as the war between Russia and Ukraine, adding that companies are also reducing the size of its workforce and operation hours to save cost.
Chairman of the Penang chapter of the Malaysia Association of Hotels Tony Goh told the newspaper that starting salaries now are higher than pre-pandemic, and attributed the increase to the demand for more workers in the industry and higher costs of living.
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