MEF sees 5.89 per cent increase in executive salary after GST

The Malaysian Employers Federation's (MEF) The Surveys have projected a slightly higher salary increments in 2015 with executive salary expected to rise by 5.89 per cent and 5.78 per cent for the non-executives.

The MEF said the expectation was in line the fact that some 49.5 per cent of the participating companies would take into account the implementation of Goods and Services Tax (GST) in forecasting the salary increase for 2015.

"Also, 48.4 per cent of the companies participating in the surveys will also take GST into account when they forecast their non-executives' salary increase for 2015," it said.

In terms of bonus, the average forecast for executives for 2015 was 2.19 months - slightly lower than the 2.2 months of actual bonus granted in 2014, it said.