IT talent remain in high demand across Malaysia as employers continue to search for skilled professionals to sustain them through periods of digital transformation.
According to the Monster Employment Index (MEI), the country’s IT, Telecom and BPO sector witnessed the steepest annual growth of all local industries, increasing by 24% between June 2018 and June 2019. Also among the top growth industries is Malaysia’s Oil and Gas sector, which reported an annual increase of 11%.
At the other end of the scale, the Engineering, Construction and Real Estate industry experienced the steepest annual decline of 18% in the same period, followed closely by the Logistics/ Courier/ Freight/ Transportation/ Shipping & Marine sector with a 16% drop.
The MEI is a gauge of online job posting activity compiled monthly by Monster.com. It records the industries and occupations that show the highest and lowest growth in local recruitment activity. Of the nine industry occupations monitored by the Index, only two witnessed positive growth in online recruitment activity for the month. Software, Hardware, Telecom employees remain in high demand with a 13% annual increase, following by Sales and Business Development professionals at 3%.
At the lower end of the scale. demand for Engineering, Construction and Real Estate professionals continues to decline, with a 17% drop year-on-year for June, followed by Finance & Accounts talent, which declined by 13%.
“Online recruitment in Malaysia is currently experiencing a slight decline. Moving into the second half of 2019, we expect this to be temporary and to slowly strengthen over the next few months. The demand for IT talent continues to see growth, due to the positive increases in technology and digital capabilities of businesses and increased digital adoption across all sectors. This will continue to revolutionise the Malaysian market in a way that bolsters the growth of IT talent in the country,” a company spokesperson said.
The Monster Employment Index (MEI) is a gauge of online job posting activity compiled monthly by Monster.com. It records the industries and occupations that show the highest and lowest growth in local recruitment activity. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the Monster Employment Index presents a snapshot of employer online recruitment activity locally.