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Malaysia's online hiring tumble may reflect global economic uncertainty, says Monster

AvantiKumar | Nov. 2, 2015
No industry sector saw positive growth in online hiring activity in September including the Oil and Gas sector, which saw the steepest decline at -25%

Sanjay Modi, MD, (India, Middle East & Southeast Asia) Monster com

Photo - Sanjay Modi, Managing Director, (India, Middle East, Southeast Asia, Hong Kong)


Due to general economic uncertainty, online hiring has continued to decline in Malaysia, which saw a -24 percent year-on-year decline between September 2014 and 2014, dropping from -21 percent year-on-year in August, according to online job platform Monster's latest Employment Index (MEI) Malaysia.

Initiated in Malaysia August 2015, MEI is a monthly index that records the industries and occupations that show the highest and lowest growth in monthly online recruitment activity locally, said Sanjay Modi, Monster dotcom's MD for India, Middle East, Southeast Asia, Hong Kong.

The Index is based on a real-time review of millions of employer job opportunities aggregated from a large representative selection of career Web sites and online job listings across Malaysia and not any one advertiser or source, said Modi.

He said that across the nine industries monitored by the Index, none of the sectors experienced any positive year-over-year growth.  "The Retail sector saw the least decline in online recruitment activity at -3 percent, while the Oil and Gas sector saw the steepest decline for the third consecutive month, at -25 percent year-over-year."

Across the occupational groups covered by the Index, jobs in marketing & communications were the only roles that saw positive year-over-year growth at 1 percent. This is also the group's first positive growth since March 2015, Modi added

He said the software, hardware, and telecom roles saw the weakest growth between September 2014 and 2015 at -35 percent. This was followed closely by the sales & business development roles at -33 percent year-over-year.

 Global outlook

"The overall decline in the labour market is likely due to the negative economic outlook globally," Modi said. "Despite this, demands for sales and marketing roles, as well as customer service roles, will remain high due to the high turnover rates in the respective sectors."

"With the growing popularity of digital banking and information technology, demand for talent in these tech-related roles is also likely to increase as we move forward," he added.


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