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Malaysia job market healthy despite dip: Robert Walters study

AvantiKumar | Nov. 28, 2013
As well as consistent hiring in sales and marketing jobs in consumer services, there is demand for engineers and specialist HR positions, says Robert Walters Malaysia's Sally Raj.

Sally - Robert Walters Malaysia  profile photo modified 

Photo - Sally Raj, Country Manager, Robert Walters Malaysia.

 

According to Robert Walters Q3 2013 Asia Job Index, which shows a 9.9 percent volume increase of job advertisements in Asia over the second quarter of 2013, Malaysia maintains a healthy job market despite a 5.6 percent dip, said the recruitment consultancy.

Robert Walters Malaysia country manager Sally Raj told Computerworld Malaysia that along in addition to retail, certain sectors are being more aggressive in hiring compared to others. "Active hiring is quite consistent for sales and marketing functions in the consumer/FMCG sectors, healthcare and pharmaceutical and services (retail, leisure and hospitality)."

"Functionally, finance and accounting, IT, engineers and specialist HR positions are currently sought after in the Malaysian job market." said Raj, adding that the 5.6 percent dip in advertisements over the previous quarter was due to a majority of hiring being conducted in the first half of 2013 o meet demands in growth and business plans.

In addition, the dip was more of a reflection on the growth in recruitment via other mediums such as recruitment consultancies, she said.

She said retail servicing as well as accountancy and finance, the two largest sectors by job adverts, fell by 5.8 percent and 10.6 percent respectively, in comparison to the second quarter; although this did not reflect sector activity.

"Medical services did buck the trend, up 21.3 percent on the previous quarter as the sector continues to boom and is in demand for pharmaceutical representatives and clinical assistants," said Raj.

"[In general] businesses have continued to grow (through the introduction of new products/services and geographical spread) due to consumer demand for better products and high quality services," she said. "This is a result of consumers becoming more discerning in their needs."

 2014 sentiments

"Whilst sentiments look generally positive going into 2014, we are still conscious of the effects of the global economy on the local economy," said Raj. "Such sectors to look out for will be the banking and manufacturing industries."

"Significant demands are seen in the sales and marketing roles within the consumer markets, supply chain and procurement, accounting, finance and legal." she said. "The competition for good talent will continue throughout the rest of the year and 2014."

"Multinationals continued to choose Malaysia as their regional hub, and the on-going establishment of shared service centres in Malaysia fed more demand for accountants, finance analysts and IT experts," said Raj.

"As companies look towards implementing retention plans in order to keep their key talent and structure more attractive employment packages, talent acquisitions and management skills are in high demand among HR professionals," she said.

"Malaysia continues to be an interesting story. With its modern infrastructure and low cost of business, it continues to attract big multinational corporations to hub in the country," added Robert Walters Asia Pacific & North America chief executive officer, Richard Parnell.

The Robert Walters Asia Job Index tracks advertisement volumes for professional positions across job boards and national newspapers in Hong Kong, Singapore, China, Japan, Korea and Malaysia.

 

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