Neg­a­tive Out­look

HWM (Malaysia) - - SMB - REPORT -

Ac­cord­ing to the Mon­ster Em­ploy­ment In­dex (MEI), on­line hir­ings of Malaysia’s IT, Tele­com/ISP and BPO/ITES sec­tors fared the worst in Oc­to­ber with a -19 per­cent yearover-year de­cline – a marginal drop from Septem­ber’s -16 per­cent year-over-year.

The MEI records the in­dus­tries and oc­cu­pa­tions that show the high­est and low­est growth in re­cruit­ment ac­tiv­ity in Sin­ga­pore, Malaysia and Philip­pines.

“With the global mar­ket set to re­main volatile through 2016, com­pa­nies and re­cruiters in Sin­ga­pore and Malaysia are forced to ex­er­cise greater cau­tion when it comes to hir­ing. Firms have also been re­ported to have stopped hir­ing and cut­ting back on jobs,” said San­jay Modi, Man­ag­ing Di­rec­tor, Mon­ster.com (In­dia, Middle East, South­east Asia, Hong Kong).

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