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After months of decline, Malaysia sees positive growth in e-recruitment for IT candidates for the first time.
According to the latest Monster index, which regularly tracks multiple job recruitment platforms, Malaysia has also caught up with regional counterparts.
Sanjay Modi, managing director, Monster - APAC and Middle East, said the latest Monster Employment Index (MEI) has noted that overall demand for IT professionals in "Southeast Asia showed a mostly upward trend between August 2015 and 2016."
"Technology remains an imperative aspect of businesses to help businesses stay competitive, and Singapore and Malaysia continue to see strong government support in the form of investment in this space," said Modi.
"This can greatly boost business offerings, productivity and efficiency, which will in time propel companies ahead of competition," he said.
Modi said Singapore has continued to report the steepest annual growth in online hiring in the IT, Telecom/ ISP and BPO/ITES sector, at 14 percent year-over-year. The sector is also the best performing industry in Singapore.
Sanjay Modi, Managing Director, Monster - APAC and Middle East.
He said Malaysia reported 10 percent year-over-year growth in hiring activity in the same space, also emerging as the top growth industry in the country.
This is a 39 percent jump from -29 percent year-over-year decline recorded in July, also the sector's first positive growth since March 2015.
Malaysia highlights include:
● Malaysia experienced a -3 percent decline in e-recruitment activity in August 2016
● The IT, Telecom/ ISP and BPO/ ITES sector had the strongest annual growth at 10 percent , while the BFSI sector reported steepest annual decline at -13 percent
● Sales & Business Development roles reported the biggest annual growth in hiring at 16 percent, while Customer Service talent were the least in demand at -34 percent year-over-year
The Philippines reported the steepest annual decline at -1 percent year-over-year in August 2016, falling 10 percent from the 9 percent year-over-year increase reported in July.
Modi said that in the online recruitment of Software, Hardware and Telecom professionals, Malaysia was the only market to register a decline, reporting a -24 percent year-over-year drop in demand in August.
However, despite the dip, this is a 22 percent jump from the -46 percent annual drop recorded in July, he said.
Singapore reported the steepest growth among the three markets, at 16 percent year-over-year. This is a 4 percent improvement from 12 percent year-over-year growth recorded in July.
The Philippines reported 13 percent year-over-year increase in the demand for these professionals.
"Besides amping up hiring efforts, employers should not neglect the existing workforce and must find ways to further upgrade current employees, so that no one gets left behind in this digital age," said Modi.
The MEI is a monthly gauge of online job posting activity, based on a real-time review of millions of employer job opportunities culled from a large representative selection of career websites and online job listings.
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