Malaysia is known for its rather strong economy, so it considers the hourly rate of work in Malaysia as an average value.

Learn about the details related to the cost of living in it, in addition to the available job opportunities and the main industries of the country.

Malaysia has recently become one of the most popular destinations for foreigners looking for good job opportunities, and for those looking for a stable life that matches wages and standard of living on the one hand, and enjoying the country’s advantages on the other.

Malaysia is located in East Asia, and it consists of 13 states with a population of more than 30 million people, its capital is Kuala Lumpur, the seat of its government is Putrajaya, and its currency is the Malaysian Ringgit (where 1 US dollar equals 4.33 Malaysian Ringgit).

It has different and interconnected cultures like a mosaic. Economically, Malaysia has one of the most successful economies in Asia and the world with an average trade-to-GDP ratio of more than 130% since 2010, Malaysia has recently shifted from being a source of raw materials, to an industrial economic market It is a broad multi-industry and innovation-based business that provides a large number of opportunities for local or foreign workers.

This current economy consists of two main sectors: manufacturing and international trade. More than half of the Malaysian workforce is located in the service sector. However, the current focus on banking, business, biotechnology and medicine is what makes it an ideal and suitable environment for starting a career for many.

Hourly rate of work in Malaysia

Hourly rate of work in Malaysia

According to official data issued by the Ministry of Labor and Social Security in Malaysia, the hourly rate of work in Malaysia is 38 Malaysian ringgit (about 9 US dollars).

While the monthly wages range from 1670 MYR to 29,400 MYR.

The figures given are a glimpse of what Malaysians earn per hour or month.

Since wages change from time to time and there are other determinants of wages, including market supply and demand, employees’ academic credits and skill set, as well as work experience.

Working hours in Malaysia

Malaysian Labor Law defines the work week as 48 hours, with a maximum of eight working hours per day and six working days per week. There are also special clauses, which are considered They serve as protection provisions in the industrial or agricultural sector, as they are not allowed to work between 10 pm and 5 am.

For any additional work performed outside normal working hours, the employee shall be paid at least one and a half times the normal hourly wage, regardless of the basis upon which the rate of pay is based.

Malaysia’s employment opportunities and wage gap

There are restrictions imposed on the number of foreign employees that Malaysian companies can employ, as Malaysian organizations and companies can only hire international workers if there are no qualified Malaysians to fill these jobs, so it is better to find a job opportunity before traveling to it.

With so many qualified students graduating each year, competition for jobs intensifies.

In general, a person does not have to be a doctor, engineer or lawyer to earn a decent salary. Professionals such as the executive chef, professional gamers, and ESL teachers command high wages.

The wage differential between occupations depends on the employer, the location of the company, the level of education and the hierarchical position of the employees. Those who work in urban centers such as Putrajaya and Kuala Lumpur earn about 50% higher wages than those who work in rural areas.

Studies conducted in employment and wage offices also show that people with a doctorate degree earn about 64% more than those with a diploma. The mining and quarrying sector is the highest profitable, followed by real estate, education, financial services, insurance and information and communications.

Malaysia’s main industries and skills shortage

The main industries in Malaysia include:

Agriculture, automobiles, construction, electronics, financial services, medical technology, and tourism.

The Malaysian government issues a Critical Occupation List (COL) annually, which highlights a large number of popular jobs that are understaffed. The top ten occupations currently ranked are:

Managing Director and CEO.
– Chief Financial Officer .
– Human Resources Manager .
Director of Policy and Planning.
Business Service Manager.
– Sales and Marketing Director .
Director of Advertising and Public Relations.
Research and development manager.
Manufacturing manager.
– Construction Director .

Cost of Living in Malaysia

Hourly rate of work in Malaysia

In general, the monthly cost of living in Malaysia (without rent) is about 2,162.5 Malaysian ringgit or 500 dollars per month for one person, and 10819.5 Malaysian ringgits or 2500 dollars for a family of four.

The total cost of living in Malaysia is comparatively lower than many other expat destinations. Generally, expatriates thinking of settling should adopt the indigenous way of life.

The cost of food in Malaysia

It is recommended to eat at popular places where locals eat because western food in restaurants is very expensive. For example, pasta costs less than a dollar,

Whereas a meal of steamed fish can fetch only $10 (about RM43.25). Instead of buying expensive items from malls and grocery stores, it is more cost-effective to buy fruits and vegetables from the locals.

The cost of housing in Malaysia

Houses near and within cities are rather expensive. As a result, it is advisable to live away from the cities. A one-bedroom apartment in the city center costs 2,502 MYR (578 USD) per month.

While the cost of an apartment outside the city is only 1,405 Malaysian ringgit (US$325) per month. Alternatively, a home can be purchased for around RM9,030 ($2,088) per square meter in the city centre.

Cost of healthcare in Malaysia

The cost of health care is also relatively low. for example :

The cost of a medical examination by a family doctor is 56 RM (13 USD), while the cost of a prescription for antibiotics is about 21 MYR (5 USD).

However, since free public health care is only for Malaysian citizens, health care costs can quickly increase to increase expenditures.

Most expats are left with the option of private healthcare, which can be very expensive. The cost of typical health coverage is between (432 to 2,162 Malaysian ringgit) or (100 and 500 dollars) per year, depending on its coverage.

the reviewer :