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Jobs boost in Malaysia: Robert Walters Job Index

AvantiKumar | May 8, 2014
More international companies are setting up business operations in Malaysia, said Robert Walters Malaysia Country Manager Sally Raj.

Sally Raj  - Robert Walters Malaysia  profile photo modified 

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

 

According to international recruitment firm Robert Walter's Asia Job Index Q1 2014, Malaysia is seeing a an uptrend in recruitment activity driven by growth in shared services centres coupled with more international firms setting up business in the country, it said.

Robert Walters Malaysia country manager Sally Raj, said, "The significant growth, which cuts across most industries is a very positive start to the year and surpasses our expectations."

"As a result of the ease in setting up business operations within Malaysia, we are seeing more international firms enter the country," said Raj. "This is an indication of a healthy economy and a likely uptrend in recruitment activity throughout the year."

"However, while some banks consistently hire, they maintain a relatively cautious outlook and still prioritise internal transfers when filling roles, which could mean that there are more positions open than those being advertised," she said.

"In addition, the government's efforts to attract overseas Malaysians back into the domestic workforce are drawing interest from a number of skilled professionals, in particular within banking, IT and finance," Raj said.

"The main driver of job advertising was the prominent growth in shared service centres. This boosted demand for accounting and finance roles, which were up 26 percent from Q1 2013."

 Shared services centres

"A strong demand for lawyers and medical service professionals pushed job advertising up 48 percent and 71 percent respectively in annual growth," Raj said.

"Meanwhile, IT positions rose 24 percent due to banks consolidating back office IT projects in Malaysia from India and Singapore," she said. "Retail operations also saw a 33 percent increase in job advertising as a result of a few large international brands opening in Malaysia as well as expansion plans from existing labels."

The Asia Job Index Q1 2014 saw a continued boost in shared services centres across Malaysia, which increased the demand for accounting and finance roles, which were up 26 percent from Q1 2013, said Raj, adding that the Asia Job Index tracks job advertising volumes for professional positions across the leading job boards and national newspapers in China, Hong Kong, Japan, Malaysia, Singapore and South Korea.

The Robert Walters Asia Job Index revealed that the total number of regional job advertisements for professional positions grew by 23 percent from Q1 2013 to Q1 2014, showing an overall improvement in business confidence and demand for skilled candidates across the region, she said.

 

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