Covid-19 pandemic has affected everyone. The continuous global pandemic has taken a toll on the economy and also on the workforce in the country. The recent 2020 Covid-19 Labour Pulse Survey commissioned by Randstad Malaysia found out a lot of Malaysian workers have been affected by the pandemic. Over 531 Malaysian workers nationwide were polled between June 26 and July 5 to find out about their employment status during the pandemic.
15% of 531 respondents had been retrenched by their companies due to Covid-19
According to the findings, it revealed that 15% of the 531 locally-based workers who took part in the study said they had been retrenched by their companies.
58 per cent of respondents are intended to look for a new job to seek better paying salaries. Out of the 58 per cent, 24 per cent of respondents said they are looking to change their career or industry that they work in.
Managing director for Malaysia and Singapore at Randstad, Jaya Dass, said the Covid-19 pandemic has seen many local companies investing in building their digital infrastructure and network. Thus, leading to a great number of jobs being digitised or displaced as a result.
“Employees whose job responsibilities have been drastically altered to meet new demands may be motivated to join other companies where their skills and experience are still relevant.
“Some may even switch industries and careers altogether, and will look for job opportunities that are perceived to be more recession-proof or can provide a greater sense of job security, such as in healthcare and technology.”
72% of Malaysian workers were willing to take on professional contract or project-based jobs
The survey by Randstad Malaysia also revealed that 13 per cent of respondents feel their skills and experience no longer meet their current job requirement.
“With Covid-19, many have found themselves unable to safeguard their jobs and livelihoods and these temporary jobs offer some level of income stability to stay afloat, especially for adults who have recurring loans to pay off.
“As compared to being jobless, contracting jobs may actually provide more job security. Many contractors have also shared that they were able to secure a new contract even before their existing one ended, giving them continued employment.”
Moreover, 26 per cent of respondents said they have taken a pay cut or a pay freeze during the pandemic. 72 per cent of all respondents were willing to take on professional contract or project-based due to the current pandemic.