Youth Dilemma: Employment & Remuneration
KHOO KAY PENG
Jobstreet.com reported that bout half of bachelor degree holders in Malaysia are a disappointed lot as they are not getting the pay they expected.
The survey found that these graduates typically expect salaries between RM1,800 to RM2,100 (73 percent), but only 54 percent would have their expectations met. Another 35 percent’s pay was below RM1,800.
Meanwhile, 37 percent of diploma holders’s salaries were lower than RM1,200, “far below their expected salary level” that is typically between RM1,200 and RM1,800 (67 percent of respondents).
The entry point salary level for degree holders has remained stagnant since 1997. It is shocking to note that cost of living has doubled, if not tripled, during the same period. The number of tertiary institutions has grown significantly but we are merely churning out new generations educated poor.
