KUALA LUMPUR: Employers are expecting a downtrend in job growth for the second quarter of this year (2Q15), a JobStreet.com survey said, although job levels are still high with an average of over 20,000 job openings on the recruitment website.
In its Job Outlook 2Q15 survey of 930 human resource personnel, managers and senior managers from 21 different industries and various company sizes yesterday, JobStreet.com said 41% of employers had made known that they would be hiring less for 2Q15, compared with 14% in 2014.
It added that the latest JobStreet.com Employee Confidence Index survey for April also showed a drop in confidence among candidates in securing a decent job in Malaysia to 43 points from 49 points last year.
The company said despite the unfavourable predictions and sentiments, the job level is still high.
“The JobStreet.com 1Q15 results also showed a growth in unique job postings and unique number of advertisers by 4% and 6% respectively, implying that the job market is still robust.
“From the JobStreet.com 1Q15 data, the manufacturing industry still leads the job market in terms of number of job postings. Banking and financial services continue to top the charts with its significant number of job postings.
“Specialisations that are on high demand include talent from sales and marketing, accounting, secretarial and administration, ICT and marketing, causing stiff competition for employers,” said Jobstreet.com.
In its quarterly report for April to June 2015, recruiting firm Hays said national sales managers, tax professionals and officers are three of the skilled jobs in demand in Malaysia as hiring activity returns to the high levels seen before the end-of-the-year bonus season.
“A lot of movement is expected in the recruitment market this quarter due to the traditional payment of bonuses, especially in the information technology and sales and marketing segments. This quarter will be active as new jobs and replacement roles become available, thanks to people leaving their existing roles as soon as they receive their annual bonuses,” said Hays managing director for Asia Christine Wright in a statement.
She also believed there are still many opportunities emerging as a number of large global businesses are setting up offices in Malaysia.
“An interesting trend has been the increased investment in e-commerce businesses. Large companies either enter joint ventures with more successful e-commerce businesses that have already launched in other countries in the region, or are leveraging their current customer database to launch on their own.
“Either way, Malaysia will continue to be a hotspot for new and upcoming Internet and e-commerce businesses, since the economy is still growing and there is a lot of opportunity for businesses to capitalise on this growth,” said Wright.
For accountancy and finance, Wright said in terms of skills in demand for the quarter under review, there is a high demand for tax professionals.
“The current goods and services tax (GST) implementation in Malaysia is creating an increase in demand for candidates with GST experience,” she said.
She also pointed out that many banking institutions have undergone major changes in their top management in recent months. With the movement of senior managers out of these businesses, there are now openings that need to be filled.
“Due to strict governance from Bank Negara Malaysia, compliance officers are in demand as banks are tightening control and trying to minimise potential compliance issues,” she said.
“We have seen a large spike in demand for national sales managers from fast-moving consumer goods companies. Some are replacement roles, but many are new roles as businesses continue to grow and develop in Malaysia,” she added.
She said proposal engineers are also in demand due to the current situation in Malaysia’s oil and gas market. Engineering companies that are struggling to find new projects are adding local talent who have experience in large complex projects.
This article first appeared in The Edge Financial Daily, on April 22, 2015.