Malaysian companies lifted their brakes slightly on online hiring in August, promising better prospects for jobhunters in the months ahead.
Global online recruitment company Monster.com said its Monster Employment Index (MEI) showed that though the pace of hiring in the country was still slow, the decline had eased up to -3 per cent year-on-year (YoY) in August this year compared to last year.
“Despite the global economic climate being uncertain, and the Malaysian ringgit being weak, local employers are still hopeful and remain positive that recruitment will pick up in the months ahead,” Sanjay Modi, managing director of Monster.com for the Asia Pacific and Middle East regions, said in a statement.
“According to 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,” he added.
According to Monster.com, the highest demands were for sales and business development talents which recorded a 16 per cent YoY growth in online hiring. In the one month period from July to August alone, growth stood at 13 per cent.
The IT, Telecom/ ISP and BPO/ ITES sector also saw the sharpest hiring growth for August, at a rate of 10 per cent YoY. It added that it was the sector’s first positive annual growth since March last year.
Another sector that also improved slightly in August is in Oil & Gas which recorded 3 per cent YoY.
The biggest loser for August, in terms of the least demand of jobs, were for Customer Service professionals, with a -34 per cent annual decline.
The banking, financial services and insurance (BFSI) sector remained also recorded a negative 13 per cent decline in online hiring.
The Malay Mail Online