Photo - Sally Raj, Malaysia Country Manager, Robert Walters.
According to recruitment consultancy Robert Walters new Q1 2015 Asia Job Index, Malaysia has raised its profile as a preferred regional hub.
"Malaysia has enjoyed constant growth in the last five years, with significant progress seen predominantly within the Shared Services and FMCG sectors," said Robert Walters' Malaysia country manager, Sally Raj, during the unveiling of the latest findings in Kuala Lumpur.
"This has in turn created job opportunities for accounting, finance and IT professionals," said Raj. "Existing firms have even expanded their Malaysian hubs from regional to global operations. The main challenges for businesses currently are largely external factors."
"The drop in oil prices has affected a number of companies in the industry and caused some to downsize its operations," she said. "In addition, many companies are adopting a 'wait-and-see' approach with regards to the implementation of the Goods and Services Tax (GST) and to measure its impact along their supply chain and business operations. However, market sentiments in Malaysia remain positive and we are seeing employers being more committed to the long-term strategy of investing in talent."
Raj said some of the findings include:
- Job advertising in merchandising and purchasing grew a significant 75% from 2014. The procurement function has become increasingly critical as companies sought to achieve cost savings and economies of scale.
- Companies moved from generic job advertising towards specialist recruiters to attract professionals in areas of high demand. As a result, we saw a 2% annual dip in job advertising numbers for roles in legal and compliance.
- Healthy growth in FMCG firms led to a strong demand for branding and strategy professionals - pushing job advertising volumes for marketing roles up by 24% from 2014.
- Job advertising for positions within cloud computing and software development grew by 35% year on year, as firms continue to establish their IT shared services in Malaysia.
Robert Walters' Asia Job Index tracks job advertising volumes for professional positions across the major job boards and national newspapers in China, Hong Kong, Japan, Malaysia and Singapore.
Infographic (below) - Malaysia results for Q1 2015 Robert Walters Asia Job Index
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