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Malaysia’s challenging job outlook should improve in 2016, notes JobStreet survey

AvantiKumar | Jan. 5, 2016
A Q4 2015 JobStreet survey shows that employers want to build sufficient manpower to weather a slowing market.

Chook Yuh Yng - Country Manager JobStreet 

Photo - Chook Yuh Yng, Country Manager, JobStreet dotCom

 

Online recruitment platform JobSteet's Q4 2015 Outlook survey shows that only 11 percent of employers expect to decrease their hiring in Q4 2015 compared to 27 per in the previous quarter.

JobStreet Malaysia country manager Chook Yuh Yng said that this slight improvement, however, may be linked to a high employee turnover rate towards year end. "Employees tend to leave right after their year-end bonus pay-outs in search of new job opportunities. The higher seasonal turnover rate prompts employers to intensify their hiring activities, so that they are able to fill vacant positions to ensure their businesses continue uninterrupted."

Chook said that when the survey participants were asked 'When do you foresee your company doing the most recruitment?" only 14 percent said it would be in the fourth quarter of 2015, while a significant 41 percent said it would be in the coming quarter, between January to March of 2016.

She said that 43 percent of employers in the study said they are looking at expanding their talent pool, in an effort to retain talent and foster employee loyalty, which was essential for the long-term success of their companies. Twenty-four (24) percent of them intend to increase salaries and compensation packages.

Chook added that the employers said it was "important for them to expand and have sufficient manpower especially when the market is slowing down."

"A strong workforce will help boost company productivity and improve sales, as there will be enough resources to ensure that their customers are well-served and satisfied," she said.

 Top three specialisations

Based on the survey results, Sales & Marketing, Accounting and Engineering have been categorized as the top three specialisations that employers require most, said Chook. "They also fall under the top three most difficult to recruit specialisations because they are high in demand and companies have problems filling those positions."

"Employers can take advantage of our Job Postings," she added. "We are the first in Asia to enhance our job advertisement format to Richer Job Ads with Salary Matching, providing candidates with the right information they need about your company and the job position before they apply. These changes ensure that those who apply are serious and relevant."

"JobStreet dotcom also offers a comprehensive combination of online talent sourcing solutions designed to help employers find the right candidate. The JobStreet.com Resume Search allows employers to immediately contact talent for faster hiring and better choices and the JobStreet.com Career Microsite is a cost-effective talent bank system that enhances recruitment campaigns, making hiring easier and more affordable than before," Chook added.

A total of 495 HR professionals across various industries in Malaysia participated in the survey conducted in September 2015.

 

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