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Malaysia – Online hiring continues to fall

Posted by | May 4, 2016 | Job Search

Via Stuffing Industry Analyst : Online hiring in Malaysia has continued its year-over-year decline in March, with an 11% decline in March 2016. This follows a 39% decline in February, according to the latest Monster Employment Index (MEI).

The MEI score for Malaysia for March 2016 was 73, up from 54 in February.

“The recruitment of foreign workers is likely to decrease drastically in the short term, with the recent announcement on foreign worker levy. But as businesses expand, it is likely that these demands will continue to roll in,” Sanjay Mod, Monster.com (India, Middle East, Southeast Asia, Hong Kong) Managing Director, said.

Advertising, market research, public relations, media and entertainment reported the biggest year-on-year growth of 11% for online hiring.

The logistics sector posted a decline of 30% followed closely by hospitality at a 29%, year-on-year.

Moreover, the demand for software, hardware, telecom jobs reported the greatest slump among the occupational groups at 73% year-on-year.

“The declining oil prices and sluggish growth of the Chinese economy continue to have an adverse impact on Malaysia’s economic growth, as well as hiring sentiments across the board,” Modi said. “To cope with challenging market conditions, some employers have continued to slow down their hiring activities, while others have taken a further step in cutting down on their workforce.”

The MEI is a monthly gauge of online job posting activity, based on real time review with millions of employer job opportunities.

Source : STUFFING INDUSTRY ANALYST | Malaysia – Online hiring continues to fall

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