Photo - Sally Raj, Country Manager, Robert Walters Malaysia.
According to recruitment agency Robert Walters second quarter 2013 Job Index, job advertisements in Malaysia are up 11.1 percent on the previous quarter and up 2.3 percent quarter two of 2012.
Robert Walters Malaysia country manager Sally Raj said the Asia Job Index, which tracks advertisement volumes for professional positions across the leading job boards and national newspapers in Hong Kong, Singapore, China, Japan, Korea and Malaysia, shows a Q2 2013 9.6 percent regional rise compared with the first quarter of this year.
"Year-on-year job advert volumes were up 5.6 percent across the region despite reports during quarter two that the Chinese economy was slowing down. Indeed, China and Malaysia led the way with the overall rise in job advertisements, with an increase of 11.3 percent in China," said Raj.
"Malaysia's retail landscape continues to be a very exciting development for the country as consumer spending power grows along with the demand for global brands," she said.
"Advertised positions within retail servicing and sales were up 9.2 percent as the country's retail sector continues to develop, correlating with the growing number of shopping malls and the developing consumer sector," Raj said.
"In addition, Malaysia's developing real estate sector is generating demand for property management professionals with second quarter job adverts within this space up by 10.1 percent on the previous quarter," she said.
"However, job adverts for lawyers and compliance officers jumped 19.6 percent and market confidence has led to large companies increasing the size of their in-house legal teams along with local law firms seeking legal professionals," she said.
"International firms continue to see Malaysia as an attractive position for shared service centres, which is likely to be driving the demand for IT, operations and accounting professionals to fill back office positions," said Raj, adding that the growth of contract vacancies in Singapore, which are becoming more attractive for employers and employees, offset the trend of back office operations relocating to more cost efficient countries such as Malaysia and Indonesia
"In more recent times there has been a spike in demand from the oil and gas industry for professionals from across the skills spectrum, particularly for skilled technical functions, and this is an exciting growth area for the region going forward," she said.
Sign up for CIO Asia eNewsletters.