Online Employment Slumps by 23% in Malaysia

KUALA LUMPUR, 3 June 2015 (Wed): For the first time, the Monster Employment Index (MEI) Malaysia is being released to show an overall decline in online employment locally, dropping 23% between April 2014 and April 2015.

Despite this year-on-year drop, online hiring activity has increased since March 2015 by 9%.

The MEI, a gauge of online job posting activity, also records the industries and occupations that show the highest and lowest growth in recruitment activity across Malaysia. In April 2015, the BFSI industry showed the highest activity at 12% year-on-year, followed by Logistics, Courier/Freight/Transportation, Shipping/Marine at 10%.

The Advertising, Market Research, Public Relations, Media and Entertainment industry had the lowest year-on-year growth, at a low -27%.

“The Monster Employment Index Malaysia has registered an annual decline of 23%, although month-on-month online recruitment has seen positive growth of 9% in April 2015,” said Sanjay Modi, Managing Director, Monster.com (India, Middle East Southeast Asia and Hong Kong).

“The volume of job advertisements in the Asian market on the whole has eased up, indicating cautious effort of recruiters to hire. A shortage of qualified and skilled candidates and higher salary demands has prompted this slow down in hiring activity in the local market.

“However, with the relocation of international banks to Malaysia, there is bound to be a boom in the finance job market in coming months.”

Across the 12 occupations groups surveyed by MEI, Finance & Accounts has the least amount of decline, but was still at -3% year-on-year.

HR & Admin jobs are at the bottom of the table, with a -23% year-on-year growth in April 2015, followed by Customer Service and Software, Hardware, Technology roles.

The Monster Employment Index Malaysia is a monthly gauge of online job posting activity, based on a real-time review of millions of employer job opportunities culled from a large representative selection of career Web sites and online job listings across Malaysia. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.

Author: VSDaily Editor

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