On­line hir­ing on the mend in Malaysia: Study

> Speed of de­cline slows; IT, man­u­fac­tur­ing and re­tail sec­tors to con­tinue to lead growth, says Mon­ster.com

The Sun (Malaysia) - - SUNBIZ -

KUALA LUMPUR: Malaysian em­ploy­ers are hope­ful and re­main pos­i­tive that re­cruit­ment will pick up in the months ahead de­spite the weak ring­git and global eco­nomic cli­mate be­ing un­cer­tain.

“Ac­cord­ing to the World Bank, Malaysia’s econ­omy is grow­ing at an above av­er­age rate, and is likely to stay strong in spite of the re­gional eco­nomic set­backs.

“The sec­tors that will likely con­tinue to see the most growth are the in­for­ma­tion tech­nol­ogy, man­u­fac­tur­ing and re­tail in­dus­tries,” said San­jay Modi, manag­ing direc­tor for Mon­ster.com – Asia Pa­cific and Mid­dle East, in a state­ment.

Quot­ing the lat­est Mon­ster Em­ploy­ment In­dex (MEI), he said the speed at which Malaysia’s on­line hir­ing was de­clin­ing had slowed down in Au­gust, in­di­cat­ing a po­ten­tial turn­around for the lo­cal em­ploy­ment land­scape.

The MEI, con­ducted by Mon­ster.com, the global on­line em­ploy­ment site, in­di­cated that Malaysia re­ported a -3%, year-overyear, de­cline in hir­ing when com­par­ing Au­gust 2016 to Au­gust 2015.

“The MEI records over­all growth or de­cline in Malaysia’s on­line hir­ing, as well as, the in­dus­tries and oc­cu­pa­tions that show the high­est and low­est growth in re­cruit­ment ac­tiv­ity lo­cally,” he said.

In Au­gust, the in­for­ma­tion tech­nol­ogy, tele­com/in­ter­net ser­vice provider and busi­ness process out­sourc­ing/in­for­ma­tion tech­nol­ogy en­abled ser­vices sec­tor saw the steep­est growth in at 10%, year-over-year.

This is a whop­ping 39% im­prove­ment from the -29% slump recorded be­tween July 2015 and 2016, and the sec­tor’s first pos­i­tive an­nual growth since March 2015.

Also wit­ness­ing im­prove­ment is the oil and gas sec­tor at 3%, year-over-year, jump­ing 19% from the -16% de­cline re­ported in July 2016. This is the sec­tor’s first pos­i­tive an­nual growth in the last 18 months, Modi said.

The bank­ing, fi­nan­cial ser­vices and in­surance sec­tor re­mained at the other end of the scale, with a -13% fall in on­line hir­ing.

When look­ing at spe­cific jobs in Malaysia, sales & busi­ness de­vel­op­ment ta­lent were most in de­mand, with a 16%, year-over-year, growth in on­line hir­ing.

The group has been see­ing pro­gres­sive growth over re­cent months, and recorded 13% growth in on­line hir­ing be­tween July and Au­gust.

Cus­tomer ser­vice pro­fes­sion­als were the least in de­mand, with a -34% an­nual de­cline in Au­gust. – Ber­nama

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