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Aon Survey Projects 4.8 Percent Salary Growth for Malaysia in 2026
The survey was conducted from July to September 2025 and analysed the salary adjustments and employee turnover rates of more than 700 businesses across Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.
| Country | Salary Increase 2024 (%) | Salary Increase 2025 (%) | Projected (Budgeted) Salary Increase 2026 (%) | Attrition in 2023 (%) | Attrition in 2024 (%) | Attrition in 2025 (%) |
| Overall | 5.4 | 5.4 | 5.3 | 18.4 | 16.9 | 17.5 |
| Indonesia | 5.9 | 5.7 | 5.9 | 18.1 | 17 | 15 |
| Malaysia | 5 | 4.8 | 4.8 | 18.6 | 15.3 | 18.2 |
| Philippines | 5.4 | 5.3 | 5.2 | 20 | 19.3 | 20 |
| Singapore | 4.3 | 4.3 | 4.3 | 19.6 | 17 | 19.3 |
| Thailand | 4.7 | 4.6 | 4.7 | 16.8 | 16.6 | 17.2 |
| Vietnam | 7.2 | 7.7 | 7.1 | 17 | 16.3 | 15 |
Rahul Chawla, partner and head of Talent Solutions for Southeast Asia at Aon, highlighted the unique challenges and opportunities in Malaysia’s current macroeconomic climate, saying, “With rising capital investment in technology and strategic sectors, Malaysian organisations are prioritising retention of top talent and highly skilled employees. As companies navigate increasing compensation costs amid a dynamic economic environment, balancing agility and cost control is essential. Forward-looking firms are leveraging real-time market insights and comprehensive rewards strategies to remain competitive and attract the best talent.”
Malaysia’s attrition rate stands at 18.2 percent, ranking among the top three countries in the region. The Philippines leads attrition rate with a projected rate of 20 percent, followed by Singapore at 19.3 percent. Attrition rates in Malaysia also vary across industries, with retail and hospitality at 22.2 percent followed by manufacturing and technology at 17.7 percent and 17.1 percent, respectively. This increase in attrition reflects a competitive labour market where talent mobility is high, driven by modest salary growth and evolving workforce expectations. With salary budgets projected to remain at 4.8 percent for both 2025 and 2026, organisations face challenges in retaining talent amid rising opportunities across the region. Broader macro factors such as global economic uncertainty, cost optimisation strategies and the surge in cross-border hybrid work models could further amplify voluntary turnover.
Amid global economic uncertainty, inflationary pressures and geopolitical tensions, Malaysian firms remain cautiously optimistic. The study found that 52 percent of Malaysian organisations forecast a positive outlook, while 28 percent anticipate challenges. Looking ahead, 61 percent of firms see no change in headcount while 28 percent plan modest increases between five and-20 percent.
Human resource priorities are shifting with 48 percent of companies optimising workforce size, while 43 percent are focused on hiring top quality talent to address talent shortages. The most in-demand roles include information technology (28 percent), artificial intelligence/machine learning (26 percent), cyber security (26 percent), sales (25 percent) and engineering (23 percent), reflecting a sharp pivot toward digital and risk-focused capabilities. This surge in demand, especially for artificial intelligence/machine learning and cyber security signals a strategic focus on securing future-critical skills in an increasingly competitive market.
Rachel Jayaprakash, head of Talent Solutions for Malaysia at Aon, emphasised, “Malaysian organisations face significant hiring and retention challenges, yet many aim to sustain or expand their workforce. Robust data and industry benchmarks are now more critical than ever. By understanding what the market is paying for key roles, companies can implement total reward strategies that go beyond base pay. A comprehensive approach, which includes competitive compensation, benefits and targeted incentives, will enable Malaysian firms to attract and retain top talent, engage high performers and build resilient, future-ready workforces.”
More information about Aon in Asia can be found here.
Hashtag: #Aon
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About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.
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Disclaimer
The information contained in this document is solely for information purposes, for general guidance only and is not intended to address the circumstances of any particular individual or entity. Although Aon endeavours to provide accurate and timely information and uses sources that it considers reliable, the firm does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of any content of this document and can accept no liability for any loss incurred in any way by any person who may rely on it. There can be no guarantee that the information contained in this document will remain accurate as on the date it is received or that it will continue to be accurate in the future. No individual or entity should make decisions or act based solely on the information contained herein without appropriate professional advice and targeted research.
We sincerely thank our customers for their continued trust. AIA Hong Kong’s sustained leadership in the number of new business policies reflects that when people seek to protect their own and their loved ones’ future through insurance, AIA’s quality health and wealth solutions — together with services and experiences that go beyond traditional insurance — consistently stand out as their preferred choice.
We remain committed to protecting every moment that matters and helping people and the communities we serve to live Healthier, Longer, Better Lives.
Notes:
* Source: The latest provisional statistics of the Insurance Authority on Hong Kong long-term insurance business from January to September 2025.
** Based on statistics from Insurance Authority released since 2014 – Provisional statistics of the Insurance Authority on Hong Kong long-term insurance business.
Hashtag: #AIAHongKong
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About AIA Hong Kong & Macau
AIA Group Limited established its operations in Hong Kong in 1931. To date, AIA Hong Kong and AIA Macau have about 18,000 financial planners1, as well as an extensive network of independent financial advisors, brokerage and bancassurance partners. We serve over 3.6 million customers2, offering them a wide selection of professional services and products ranging from individual life, group life, accident, medical and health, pension, personal lines insurance to investment-linked assurance schemes with numerous investment options. We are also dedicated to providing superb product solutions to meet the financial needs of high-net-worth customers.
1 As at 30 June 2025
2 Including AIA Hong Kong and AIA Macau’s individual life, group insurance and pension customers (as at 30 June 2025)
All nominations will undergo a rigorous screening and evaluation process conducted by the VinFuture Pre-Screening Committee and the Prize Council, which comprise leading scientists from around the world, including laureates of prestigious international awards such as the Nobel Prize, the Turing Award, and the Millennium Technology Prize.
The evaluation process is scheduled to be completed by September 2026, with the 6th VinFuture Prize Award Ceremony slated for early December 2026. Nominations submitted after April 17, 2026 will automatically be considered for the 2027 season.
In order to provide comprehensive information and strengthen engagement with its global network of nomination partners, the VinFuture Foundation will host two international webinars in the first quarter of 2026, featuring insights and perspectives from representatives of the Prize Council, the Pre-Screening Committee, and VinFuture Laureates. The first webinar will take place at 8:00 AM on January 26, 2026 (Hanoi time).
In 2026, the VinFuture Prize will continue the implementation of its Top Nominators Recognition Program, formally acknowledging the exceptional contributions of scientists whose discernment and scholarly leadership are instrumental in identifying and nominating scientific and technological achievements of transformative significance for humanity.
Having completed five successive and highly successful award cycles, the VinFuture Prize has established itself as a globally respected distinction within the international science and technology community. To date, it has received a cumulative total of 6,132 nominations from nearly 110 countries and territories and has recognized 48 outstanding scientists whose pioneering work has delivered profound, enduring, and far-reaching benefits to humanity.
Many of the achievements recognized by the VinFuture Prize are closely aligned with major milestones in human progress, ranging from global networking technologies, PERC solar cells, lithium-ion battery energy storage, and artificial intelligence to essential fields such as sustainable agriculture, healthcare, and environmental protection. Reflecting its expanding international reach, VinFuture’s global nomination partner network now includes nearly 15,000 scientists worldwide.
Dr. Thai-Ha Le, Managing Director of the VinFuture Foundation, stated: “After five years of establishment and development, VinFuture Prize has steadily affirmed its position as one of the world’s leading global science prizes, where outstanding scientific excellence is honored in parallel with social responsibility and the long-term interests of humanity. As we enter the 2026 season, we anticipate that nominations will continue to demonstrate the pivotal role of science and technology in addressing global challenges in a comprehensive manner, thereby advancing breakthrough solutions with strong applicability and the capacity to generate positive and sustainable impacts on a global scale.”
With its established international stature and credibility, VinFuture has contributed meaningfully to positioning Viet Nam as an emerging hub for global knowledge exchange and scientific collaboration. Numerous VinFuture partners have traveled to Viet Nam to engage in academic exchanges, share professional expertise, and strengthen ties with the domestic scientific community. Notable participants include Professor Aldo Steinfeld of the Swiss Federal Institute of Technology Zurich (ETH Zurich), recipient of the 2024 SolarPACES Lifetime Achievement Award; Professor Kurt Kremer, Honorary Director of the Max Planck Institute for Polymer Research (Germany); and Professor Chuanbin Mao of The Chinese University of Hong Kong (China), ranked among the world’s top 2% most-cited scientists in biomedical engineering…
Through VinFuture, many Vietnamese scientists have likewise gained access to, and established collaborations with, leading global researchers, actively engaging with the international scientific community to help shape a sustainable future for Vietnam and for humanity at large.
Hashtag: #VinFuture
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Through this collaboration, FED Fitness and the Houston Rockets aim to bridge professional training standards with the at-home fitness experience, encouraging consistent movement and healthy routines for people of all ages and fitness levels.
FED Fitness offers a wide range of high-quality home exercise equipment, competitive pricing, and a free training app—aligning seamlessly with the Rockets’ performance-driven mindset and community-focused approach to sport and wellness.
Notably, this marks the Houston Rockets’ first partnership with a dedicated home gym solutions brand, reflecting the growing importance of home-based training within the evolving sports and fitness landscape. The partnership also reinforces FED Fitness’s expertise, product quality, and long-term strategic vision, as elite sports organizations increasingly align with innovative home fitness brands.
At the heart of the partnership is a shared commitment to health, discipline, and long-term fitness habits—whether training at home or competing at the highest level on the court.
Extending Professional Training into the Home
FED Fitness operates with the belief that fitness should be accessible, enjoyable, and sustainable, providing solutions designed to support users at different stages of their home fitness journey.
FED Fitness Home Gym Solutions
Its home gym solutions are defined by several core characteristics:
- Professionalgrade equipment
- Home training content system
- Spacefriendly designs
- Scenariodriven content
- Sustainable training system
FED Fitness is more than just equipment treadmills, ellipticals, strength machines, and lightweight accessories. Instead, it goes above and beyond by providing an entire home fitness ecosystem that includes training and health data.
Partnership Benefits for Consumers and Fans
The partnership between FED Fitness and the Houston Rockets is built on a shared focus on training, health, and fitness, as well as a mutual commitment to creating engaging, family-friendly experiences around the game.
Designed to benefit both organizations, the collaboration also delivers added value for Rockets fans through a variety of interactive activations and promotions. These include a sweepstakes for a VIP game experience, home training content featuring FED Fitness products and Houston Rockets personnel, and opportunities for co-branded merchandise offerings. Fans can also follow FED Fitness on social media to access exclusive, fans-only discounts.
About FED Fitness: Brand vision and global health mission
FED Fitness is a global home gym solution brand focused on delivering professional-grade equipment and digital training tools for home use.
Trusted by more than 12 million households worldwide, the brand is committed to helping individuals and families build sustainable fitness habits through accessible, high-quality solutions.
The partnership with the Houston Rockets further reinforces FED Fitness’s long-term vision of integrating professional training standards into home-based fitness and everyday life.
For more information, visit www.fedfitness.com
Hashtag: #FEDFitness
The issuer is solely responsible for the content of this announcement.
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