Retail in Asia

In People

Why job-hoppers hop

When it comes to job-hoppers, many make the quick assumption that it’s all about the money. But is it?

According to Malaysian Employers Federation (MEF) executive director Shamsuddin Bardan, Malaysian companies are seeing an attrition rate of between 9.6 percent and a phenomenal 75 percent, based on its survey conducted on executive positions between June 2010 and July 2011, on 143 companies across the various sectors in the country.

The survey shows that industries with the highest annual average turnover rate in the non-manufacturing sector are IT/Communication (at 75.72 percent), Associations/Societies (at 33 percent), and Hotel/Restaurant (at 32.4 percent).