The online hiring activities for IT, Telecom/ISP and BPO/ITES industries in Singapore, Philippines and Malaysia remains at moderate growth in April, according to the latest Monster Employment Index (MEI).
MEI is a monthly analysis of online hiring activities of employers in the Philippines, Singapore and Malaysia.
Among the three markets, Philippines experienced the steepest growth with 11 percent year-over-year (YoY) growth in April, a 13 percentage point increase from -2 percent YoY growth in March. This is the first positive growth of the country since January 2016.
In Malaysia, online hiring activity on IT, Telecom/ISP and BPO/ITES industries is at -11 percent YoY growth, a -2 percentage point increase from -13 percent YoY growth in March. The industries are one of the top growth sectors in the country.
"Malaysia is well on its way to become an IT hub, but its challenge lies in locating talent qualified enough for many specialist roles. The Philippines' attractive labour market has been a key catalyst to growing hiring numbers across most sectors, including IT-related sectors. In the coming months, demands for BPO-IT professionals and web developers are likely to continue to soar," said Sanjay Modi, Managing Director of online job portal Monster.com (India, Middle East, Southeast Asia, and Hong Kong).
Singapore, on the other hand, saw a dip in online hiring for the BPO and IT sector, from 9 percent YoY growth in March to 1 percent YoY growth in April.
"Of late, Singapore's tech startup companies have been in the venture capitalist limelight, which has likely helped to maintain job demands within the IT sector. There has also been increasing emphasis on Singaporean talent to keep up with tech developments in order to remain relevant in their roles. This shift in focus can help companies save on manpower hours and costs that would otherwise have been incurred from employee layoffs," explained Modi.
Meanwhile, the three markets showed negative growth in online hiring activities for Software, Hardware, and Telecom sector in April. Singapore recorded -4 percent YoY growth while Philippines and Malaysia exhibited -5 percent YoY growth and -38 percent YoY growth, respectively.
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