Malaysian companies are rising to the challenge along with multinationals in terms of people practices. Best Employers in Malaysia lead the way with 25 points higher engagement score than the market average, and 3.5 times more highly engaged employees than market average.
Last year was a difficult one for Malaysian companies, with both financial results and engagement levels taking a hit. While market average engagement scores decreased from 60% in 2015 to 54% in 2016, engagement scores for Best Employers in Malaysia rose from 83% to 87%.
At the same time, best employers also achieved 33 percent higher revenue and 62 percent higher profit than the market average.
How do Best Employers lead the way?
- High Employee Engagement: 81% of Gen Y employees at Best Employers feel confident of their future career opportunities in their organisation (market average, 53%).
• Effective Leadership: 86% of employees at Best Employers believe senior leadership treats them as the organisation’s most valued asset (market average, 57%).
• Compelling Employer Brand: 90% of employees at Best Employers would recommend their organisation to someone looking for a job (market average, 64%).
• High Performance Culture: 85% of managers at Best Employer organisations meet employee needs (market average, 68%).
The Aon Best Employers – Malaysia 2016 are:
|Eco World Development Group Berhad||Best of the Best Employers|
|AbbVie Sdn. Bhd.||Best Employer – Malaysia|
|American Express (Malaysia) Sdn. Bhd.||Best Employer – Malaysia|
|DHL Express Malaysia||Best Employer – Malaysia|
|FedEx Express||Best Employer – Malaysia|
|OCBC Bank (Malaysia) Berhad||Best Employer – Malaysia|
|S P Setia Berhad||Best Employer – Malaysia|
|Starbucks Coffee Malaysia||Best Employer – Malaysia|
|Sunway Building Materials Group||Best Employer – Malaysia|
|Marriott International, Malaysia||Best Employer – Malaysia (through the Global programme)|
Six special recognitions were also given out:
|American Express (Malaysia) Sdn. Bhd.||Best Employer for Women|
|S P Setia Berhad||Best Employer for Commitment to Engagement|
|DHL Express Malaysia||Best Employer for Commitment to Employer Brand|
|First Solar Malaysia Sdn. Bhd.||Best Employer for Gen Y|
|Great Eastern Life Assurance (M) Bhd||Best Employer for Commitment to Effective Leadership|
|Starbucks Coffee Malaysia||Best Employer for Commitment to High Performance Culture|
Prashant Chadha, Managing Director, Aon Hewitt – Malaysia, said: “Best Employers do well to empower results through their people. They focus on building a unique and credible employee value proposition by embracing the advances in digital technology to deliver new and meaningful employee experiences by using data and analytics to achieve the best talent outcomes. And by creating experiences that deliver positive impact on engagement levels, Best Employers in Malaysia are also reaping benefits from a financial standpoint—in spite of the challenging business environment.”
CEO of TalentCorp, Puan Shareen Shariza Dato’ Abdul Ghani added: “The rise in technological capabilities has impacted the way employees view the workplace and for an organisation to progress and contribute meaningfully to Malaysia’s high-income aspirations, it is imperative for employers to be in tune with the needs of their talent. The Aon Best Employers – Malaysia programme celebrates the excellence and outstanding achievements of employers who attract and retain talent through innovative practices and a conducive work environment.”
Gitansh Malik, Regional Leader – Aon Best Employers Asia Programme, Aon Hewitt, concluded: “Employee expectations are evolving, especially with the Gen Y and millennial workforce. This makes it more challenging than ever for leaders to keep employees engaged. Organisations that excel in this area are the ones who provide a consumer-grade experience by utilising digital HR technology throughout the employee life cycle—which is exactly how Best Employers in Malaysia are differentiating themselves.”