This list of 10 cool & enterprising companies to work in Malaysia comes from Malaysia’s 100 Leading Graduate Employer survey. The survey barometer is conducted by Trendence institute from Germany. It is one of Europe’s leading consultancies on employer branding and recruitment research. It specializes in impartial empirical research into the career perspectives and expectations of students looking at their first career steps.
Looking for benefits to work in Malaysia
The survey conducted in 2012 secured the participation of over 12,000 Malaysian students and fresh graduates.
This comprised mostly of students studying locally and also students studying abroad that want to work in Malaysia. The survey took about 20 minutes to half an hour to complete.
Sections covered in this survey included work expectations, working environment, remuneration and benefits, in order to gauge what the current generation of young employees seek. By understanding this, employers are able to develop methods to attract young talents to work in Malaysia and decrease the high turnover rate among employees. And the arguments of the top 10 cool & enterprising companies are:
1. Price Waterhouse Coopers (PWC)
PwC has proven its worth by bagging this title as well as being the winner for the accounting and professional services sector of this survey for the fourth time. PwC attributes its win to the fact that it understands Gen Y employees. Effort is also made on the social media platform to tap the fullest of the Gen Y. As a fresh recruit at PwC, you are in for an ocean of knowledge and experience and this organisation, which hires between 200 and 300 fresh graduates a year, offers valuable lessons on career development and you get the fantastic opportunity to experience an array of PwC network from the start. PwC leaders take the time to actively mentor Gen Y student groups and collaborate with them on various activities. Having been an integral part in the growth and progress of Malaysia since 1900, PwC Malaysia works with global companies and grows businesses, public sector entities and local companies, providing industry-focused assurance, and tax and advisory services with the aim to be consistent in its services. What made PwC won this ranking, is truly owed to the small things like understanding employees difficulties to work in Malaysia and generously provide the much needed guidance.
2. Ernst & Young (E&Y)
Ernst & Young is an organisation that takes pride in its leading people culture which celebrates integrity, embraces diversity and rewards quality. It upholds its people values of integrity, respect and collaboration, and ensures that its employees are provided opportunities to achieve their full potential on the professional and personal fronts. Ernst & Young attributes its success at the M100 awards to the fact that it encourages its people to be themselves and helps them tap their full potential, both professionally and personally. It does not just recruit the best talent, but also facilitates continuous learning and development opportunities that enable its employees to widen their horizons and grow in their careers. Ernst & Young believes in engaging with young, aspiring professionals, sharing with them how it functions as well as providing them the knowledge and skills to succeed in this profession. Fresh graduates who wants to work in Malaysia by starting a career at Ernst & Young can expect to move into a senior role within two years, if their performance record meets with the high expectations of the firm. All these provide valuable opportunities for young professionals to shoulder key responsibilities in the early stages of their career, and offer them the chance to enhance their skills in communication, people management and project management. Ernst & Young leaders also play an active role in mentoring and coaching its people towards taking ownership of their own career development. Ernst & Young hires more than 400 graduates annually and offers internships to undergraduates, with the emphasis on quality rather than quantity.
Maybank grew from time to time, expanding not just it’s business but also in size of recruitment. It’s growth definitely highlights their overhauled reward system, which has undergone a significant change in the way it handles its businesses, staff and engagements with the various stakeholders. This involved executing initiatives in its mission to humanizing financial services by, amongst others, improving efficiency in customer service, a refresh on the corporate brand supported by branch transformation and an enhancement in people initiatives to drive towards a high performance culture. These approaches have resulted in stronger successes in its financial performance. It has also created higher levels of employee engagement and a respectful yet performance–oriented workplace climate which nurtures its employees for growth, embracing diversity and encouraging inclusiveness. Maybank has also taken on a revolutionary approach in recruitment where talents with diversified skills aside from academic excellence were employed. Very different indeed from their banking competitors. The bank has its own Global Maybank Apprentice Programme which is an on-the-job programme that runs for two years for young graduates. It gives newcomers the opportunity to explore and experience the different functions within an area of their choice through a structured on-the-job rotation that is inclusive of a three-month international assignment to encourage cross-border exposure and network among young talents. Maybank believes in work-life balance, thus offers many interesting chances for employees to have fun at work and foster unity amongst each other. A sure winner in the making over the years.
In a world where high performing professionals have a choice of where to grow their careers, KPMG stands out because the opportunities are limitless, even to work in Malaysia. A growing firm that provides professional development, challenging work, and meaningful relationships – your experience at KPMG will have an impact on your career success like no other. Perhaps the winner for KPMG is the buddy system, where experienced auditors will allow juniors to shadow them at client’s location and then perform a back-end analysis of their reports. Such experience will definitely provide immediate insights to great work delivered at top notch quality. As part of a global network of more than 152,000 employees in 156 countries/territories around the world, KPMG’s international influence provides a world of opportunities for you to gain valuable skills and grow ones’ career.
Uniquely as a low-cost airline, this company certainly shows great courage in empowering employees to love them. Even justifying the reasons to work for AirAsia is simply an interesting one. Humbly saying that they are not famous, but world-famous, means getting international exposure for your career and that secret lust for recognition and being able to say “I work in AirAsia” anywhere in the world is quite liberating itself. With an open concept in almost everything, AirAsia staffs has the freedom to develop their own ideas and take charge. Everyone also shares the same open space, all bosses and departments eat and hang out together. Much of AirAsia’s success stems from the work culture, which stresses innovation underpined by a culture of openness and a never-say-die attitude. Nevermind the benefits that an airline company can offer, cabin crews are pushed to develop their own personality, instead of conforming to preconceived notions about their role, resulting in a relaxed onboard environment. Some other interesting facts about AirAsia work philosophies found here. For one that wants to work in Malaysia, this can really be an interesting company to start with.
An international brand company that has clinched a strong position amongst places to work in Malaysia because of it’s American counterpart influence. Apple is very quickly seen as a free-will and innovative company that will create ripples for designer-seeking employees. It oozes the need to show off that latest trend or in-thing as employees flock to try their luck even at the lowest of positions. Internationally, Apple offers quite simple but handsome reward as seen here. The passing of Steve Jobs, doesn’t stop the company from moving forward with its global plans as Tim Cook unveiled new employee benefits which includes US$500 discounts on purchases of new Macs and US$250 discounts on purchases of a new iPad. Not too sure if that would work in Malaysia but at least one has that bragging rights of working in Apple.
7. CIMB Group
CIMB is the one of largest investment banks in Southeast Asia and the second largest financial services group in Malaysia. With operations in 13 countries and over 40,000 staff regionally, CIMB offers a regional work experience. CIMB’s compensation programme revolve around ensuring rewarding and recognizing employees through competitive rewards package that is well balanced between fixed and variable compensation elements. C.I.M.B. Plan or [email protected],also known as Choice In My Benefit, is a flexible benefit scheme which allows employees to tailor benefits provided by the Company to suit their personal needs. The employees can vary their benefits ranging from healthcare to insurance.Management views this flexi-plan as a step forward to attract the right talents and to retain its current employees. CIMB Group won the “Graduate Employers Award – Banking & Financial Services sector” presented by the Malaysia’s 100 Leading Graduate Employers 2009 publication. The bank was named“Malaysia’s Most Caring Employer”by the Malaysian Ministry of Human Resource in 2011.
Petronas or Petroliam Nasional Berhad is the only Malaysian company that is ranked among Fortune 500’s largest corporations in the world. Founded in 1974, Petronas has a presence in 31 countries with a work force of more than 40,000. Petronas is considered one of the best managed companies that one could work for in Malaysia. Petronas employees are provided ample opportunities to showcase their talents and skills. Their total reward package is competitive with the other industry players. The company is known to provide for the well-being of employees and their families, in the form of comprehensive health care coverage, including maternity benefits,life insurance, staff care services and recreational programmes.
There are many benefits that come with working in Deloitte Malaysia. The organization offers benefit programs aimed at helping you to better manage your lifestyle needs and to reward you for being part of a world-class team. Deloitte understands that your personal life and your professional life deserve an equal amount of attention. That’s why they consider every aspect of your life and provide a comprehensive array of benefits that can help to provide balance and flexibility. According to certain arguments among the Big 4 consulting firms, Deloitte looks to be paying the right dollar but looses out on the promotional factor. Perhaps a better approach to this is to start working in Malaysia for Deloitte and later re-align your focus in other consulting firms.
10. Public Bank
As one of the biggest and stable bank in Malaysia, no doubt it manages to climb up the ranks quickly. Public Bank believes that once you work for them, you are not just part of a leading financial institution but have entered a corporate zone where “the care for their employees” gets serious and active attention from the Senior Management. Its promotion is strictly performance-based, and has preference for home-grown talent (Malaysians), where statistically speaking, above 90% of middle-level and senior management staff hail from within the ranks. To live-up to the Bank’s reputation as a “Caring Employer of Choice”, it has drawn up a wide spectrum of holistic programmes to value-add to staff’s quality of life and well-being such as a conducive and comfortable working environment to facilitate optimum productivity, staff and their immediate family are also provided with a comprehensive medical benefit scheme, structured in-house classroom training, external courses/seminars, outdoor character/team building as well as interactive training, sponsorship for staff to pursue various relevant certification programmes and awarding incentives upon staff’s attainment of work-related qualifications, and not forgetting the remunerations that are competitive among its competitors and rewards for long service staffs.
Interestingly, 4 consulting firms dominate the Top 10 Cool & Enterprising Companies to work in Malaysia. They have all demonstrated thorough studies on what the new generations are looking for in a company. You can read more on the rankings for other companies in Malaysia here.