Friday, December 2, 2011

2011 Corruption Perception Index

According to the 2011/12 Randstad World of Work Report, more than 90% of Malaysian employees expect to receive a pay rise in the next 12 months, with over 40% expecting an increment of 10% or more. But this same report said that only 40% of Malaysian employers plan to increase salaries, while a further 16% said they plan to offer bonuses instead. This employer reluctance reflects the current world economic situation as businesses in Asia are keeping a cautious eye on the Europe and US markets. The other interesting point is that Malaysian employees are also more likely to leave the workplace because of a lack of opportunity for advancement or growth (35%) than because of an uncompetitive salary (27%) – The Edge Financial Daily, November 30, 2011, p 06.

Malaysia’s Corruption Perception Index (CPI) score has worsened to 4.3 from 4.4 in 2010, according to a report released by TI’s Malaysian chapter yesterday. TI or Transparency International, an organization which seeks to raise awareness about corruption around the globe, produced this CPI. Malaysia’s country ranking also plunged to 60 out of 183 countries – from 56 out of 178 last year. I have nothing to add except that corruption is a serious problem in this country.

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