Employee turnover is a persistent challenge faced by businesses across the globe, and Malaysia is no exception. Despite its thriving economy and diverse job opportunities, the country continues to witness a considerable number of employees resigning from their positions. In 2023, there are several reasons why employees may choose to resign from their jobs. Understanding the 5 reasons why Malaysian employees resign in 2023 can help employers take proactive measures to retain their employees and reduce turnover rates.
Here are 5 reasons why Malaysian employees resign in 2023:
1. Lack of career growth opportunities
One of the primary reasons why employees resign in 2023 Malaysia is due to a lack of career growth opportunities. 36% of employees feel that their current job does not offer them the chance to learn new skills, take on new challenges, or advance in their career. This can lead to frustration and a desire to seek out new opportunities elsewhere. Employers can mitigate this issue by implementing clear career progression plans, offering training and skill development programs, and promoting from within the organisation whenever possible.
2. Toxic work environment
Another reason why employees may resign in 2023 Malaysia is due to a toxic work environment. This includes things like bullying, harassment, discrimination, and a lack of support from management. Employees who feel unsupported or undervalued are more likely to seek out a workplace that values their contributions and treats them with respect.
3. Lack of work-life balance
In 2023, 50% of employees may also be more likely to resign due to a lack of work-life balance. With the advent of remote work, many employees are finding it difficult to separate their work and personal lives. This can lead to burnout and a desire to seek out a job that offers more flexibility and work-life balance.Employers should encourage a healthy work-life balance by promoting flexible work arrangements, providing employee support programs, and fostering a culture that values well-being.
4. Economic Uncertainty
One primary factor contributing to employee resignations in Malaysia is economic uncertainty. Fluctuations in the economy, rising living costs in 2023, employees may be more likely to seek out higher-paying jobs or jobs that offer better benefits packages to support themselves and their families. Organisations can counter this by providing transparent communication about the company’s financial health, offering competitive compensation packages, and demonstrating a commitment to employees’ well-being.
5. Lack of innovation and resistance to change
One critical factor contributing to employee resignation in Malaysia, which is often overlooked, is the lack of innovation and resistance to change within organisations. In today’s fast-paced, technology-driven world, businesses must continuously adapt to stay competitive. Furthermore, the lack of innovation may result in outdated processes and systems, making work less efficient and more frustrating for employees. In contrast, companies that encourage and support innovation create a dynamic work environment that stimulates creativity and motivates employees to contribute actively to the organisation’s success.
In conclusion, there are several reasons why employees may choose to resign in 2023 Malaysia. To mitigate employee turnover, employers in Malaysia should proactively address these issues, foster a culture of innovation, and embrace change. By prioritising employee development, ensuring a positive work environment, and promoting a forward-thinking approach, businesses can not only retain their talent but also attract new, skilled professionals eager to contribute to the company’s success.