KUALA LUMPUR — October 1, 2015: A survey by HSBC, Expat Explorer, has rated Malaysia among the top five destinations by expatriates for work satisfaction, with 55 per cent saying they found their work to be more fulfilling since relocating here.
In a statement today, HSBC Malaysia country head of retail banking and wealth management, Lim Eng Seong, said one reason for this was that they found it easy to fit in with their local colleagues.
Forty-one per cent of the respondents said the chances to acquire new skills in the country were high.
Lim said Asean is a region of attractive investment opportunities for many multinational corporations.
“These findings by our survey further reiterate the huge potential in Asean. The Asean Economic Community, which will be set up this year, has proposed the introduction of a free flow of skilled labour into the region and the response has been positive from member countries,” said Lim.
For expatriates from countries outside of Asean, the region’s conducive living standard is a pull factor.
“Most respondents noted that ease of integrating well with local communities in Malaysia increases their work satisfaction here,” he said.
Sixty-three per cent of the expatriates in Malaysia said they enjoyed greater disposable income than at home and this provided the time and money to
lead an active social life.
The salaries for expatriates are above the global average, at over US$109,000 per annum, and several contractual benefits are more commonly offered than in other countries.
Lim said the common challenges faced by expatriates include dealing with finances in multiple currencies, a more complicated tax situation and moving money between countries.
The survey, commissioned by HSBC Expat and conducted by YouGov, is the largest and one of the longest running surveys of expatriates.
Now in its eighth year, 39 countries qualify for the league tables in this edition, with 21,950 respondents sharing their views on different aspects of life abroad including careers, financial wellbeing, quality of life and ease of settling for partners and children. — Bernama