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Showing posts with label credentials. Show all posts
Showing posts with label credentials. Show all posts

Saturday, May 20, 2023

Starting salaries are higher now

 

Having what it takes: Among the criteria that recruiters look at before hiring were if prospective employees were willing to take up the challenges and go the extra mile to execute and deliver their work. — CHAN BOON KAI/The Star

 

https://cdn.thestar.com.my/Content/Images/job_vacancies_19052023.jpg

GEORGE TOWN: Starting salaries for fresh graduates entering the job market has risen by about 30% compared with before the pandemic due to lifestyle and high cost of living, say recruiters and human resource practitioners.

In Penang’s hotel and tourism industries, starting salaries for fresh graduates now are at RM2,500 onwards while in the manufacturing sector, the starting salary for engineers can be RM4,000 and as much as RM5,000.

Malaysia Association of Hotels (MAH) Penang chairman Tony Goh said the higher salary is due to the supply and demand in the tourism industry and taking into account the current higher cost of living.

“For us now, salaries are definitely higher compared with before the pandemic. We don’t expect them (new graduates) to work with a basic salary of RM1,300 to RM1,500 like before.

 “The second thing is, people must be able to sustain the lifestyle they need while working with us, hence the need for higher basic salaries,” he said.

He said the minimum wage rule imposed by the government last year contributed to the generally higher salaries for all other positions now.

He said new graduates who are eligible and qualified would be paid a basic salary of around RM2,500, excluding allowances.

Since May 1 last year, employers with five or more workers were required by the Minimum Wages Order 2022 to increase the minimum wage to RM1,500.

Goh said among the careers sought by new graduates in the hotel and tourism industries are receptionists, executives, sales coordinators and administration executives.

In an exclusive report yesterday, The Star revealed that industry research showed that fresh graduates’ salaries ranged from about RM2,600 to almost RM2,900 in the Klang Valley and Johor Baru, while it was about RM2,400 in Melaka.Leaders of business NGOs interviewed opined that fresh graduates should manage their starting salary expectations, on top of reviewing their life goals.

But a check in Penang’s manufacturing sector showed that graduates with Science, Technology, Engineering and Mathematics (STEM) capabilities might enjoy a much better starting point.

Factories can pay fresh graduates as much as RM5,000 if they are involved in the design and development of integrated circuits, said Malaysia Semiconductor Industry Association’s Datuk Seri Wong Siew Hai.

“Generally, any STEM graduate working in Penang’s factories can expect a starting pay of about RM3,500,” he said.

He urged parents to help their children develop a passion for STEM to give them a good starting point after getting their first degree.

Pentamaster Corporation Berhad group executive chairman Chuah Choon Bin said the median salary for STEM graduates in Penang now is about RM4,000, and this is due to the surge in foreign direct investments (FDIs) in Penang last year.

“Because of the high FDI, there is a lot of competition for manpower, so multinational companies increase the offered pay to attract skilled workers and fresh graduates,” he said.

Chuah, however, said this year, the hiring wave is down a bit due to the slowing global consumer market, the trade war and the war between Russia and Ukraine.

He said some companies have started slashing down their workforce by implementing voluntary separation schemes and shortening operating hours to cut costs.

Chuah said he expects the slowdown to continue until the end of the year, depending on the outcome of the Russia-Ukraine war and how intense the trade war between the United States and China would be.

Human resource specialist Azimah Aziz said that normally starting salaries are based on job scope and the candidate’s experience.

“For example, for the starting salary of a research assistant in aquaculture, the basic pay starts from RM2,900 for a fresh graduate,” she said.

She said among the criteria that recruiters look at before hiring were if prospective employees were willing to take up the challenges and go the extra mile to execute and deliver their work. 

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Fresh grads want too much

thestar.com.my/news/nation/20

... if you have a Master’s degree, it sets you apart from others and your employability may be higher for a managerial position in the industry, compared with someone who does not possess such a qualification...


 
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Monday, February 11, 2019

Malaysia Finance Minister Lim Guan Eng's credentials as an accountant questioned

On Malaysia Finance Minister Lim Guan Eng's website, it is stated in his biodata that he graduated from Monash University, Australia, with a Bachelor of Economics degree and was a qualified professional accountant by 1983.PHOTO: ST FILE
 
PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - Malaysian Finance Minister Lim Guan Eng's qualification in accounting is the latest to come under scrutiny following a series of alleged false education credentials involving Pakatan Harapan leaders.

Malaysian Chinese Association (MCA) president Wee Ka Siong, in questioning Mr Lim's credentials as an accountant, said according to Monash University's website, Mr Lim obtained his Bachelor of Economics in 1984.

(MCA) president Wee Ka Siong
"I have no doubt over his degree qualification. However, I wonder how he became a qualified professional accountant in 1983 before he even graduated (in economics)?" he asked in a Facebook posting on Sunday (Feb 10).

On Mr Lim's website: https://limguaneng.com/ , https://limguaneng.com/index.php/biodata/ , it is stated in his biodata that he graduated from Monash University, Australia, with a Bachelor of Economics degree and was a qualified professional accountant by 1983.

Datuk Seri Wee, who is the Ayer Hitam MP, also wanted to know how Mr Lim's qualification as a "qualified professional accountant" was accredited.

"Was it by a local or foreign institution? Which country accepts an economics graduate to pass as a 'qualified professional accountant'?

For a minister who always stresses on the concept of Competency, Accountability and Transparency, please explain and don't keep quiet," he added.

Dr Wee also described as "suspicious" Johor Mentri Besar Osman Sapian avoiding questions from the media on his supposed UPM Bachelor in Accounting obtained in 1985.

"UPM's official website stated that the course was introduced in 1985. How is it possible that there could be such a super-fast graduate produced in the same year!

"If Osman fails to prove the genuineness of his academic credentials, will he still have the dignity to lead the state? This is a question of integrity among leaders," he said.

Citing examples of several world leaders who resigned or were sacked for having fake academic credentials, Dr Wee questioned if the Pakatan Harapan leadership would remain quiet and behave as if nothing happened.

"Or will they respond with the standard Pakatan answer, that a person's academic qualifications have nothing to do with political position," he added.

In Teluk Intan, Bernama reports Perak DAP chairman Nga Kor Ming as backing Tronoh assemblyman Paul Yong Choo Kiong who comes under public scrutiny for his dubious Masters in Business Administration (MBA) from Akamai University, United States, claiming that he had obtained it "legitimately".

This is despite the fact that DAP adviser Lim Kit Siang had labelled the university as a degree mill in 2005.

Mr Yong, 48, was also questioned by Dr Wee as to how he could do his MBA without having a first degree.

The Perak executive councillor has in his biodata listed his primary and secondary school education followed by his MBA.

Responding to the controversy, Mr Yong claimed that his way to enhance his self worth has been blown out of proportion.

He, however, did not reveal how he obtained his MBA.

"What is the relationship between this and politics?" asked Mr Yong.

Sources: https://www.straitstimes.com/asia/se-asia/malaysia-finance-minister-lim-guan-engs-credentials-as-an-accountant-questioned and
https://www.thestar.com.my/news/nation/2019/02/11/lims-credentials-as-an-accountant-questioned/

 
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