There are signs of continuing recovery in Malaysia's IT job market, according to the Monster Employment Index (MEI) for June 2017.
According to the MEI, Singapore, Malaysia and the Philippines witnessed double-digit positive annual growth in online hiring in the IT, Telecom/ ISP and BPO/ITES sectors.
Sanjay Modi (pic below), managing director, Monster - APAC and Middle East, said the recruitment sentiment in Southeast Asia's IT industry has continued to grow on a healthy trajectory, despite global headwinds.
Speaking of the local findings, Modi said Malaysia saw a 32 percent year-on-year annual growth between June 2016 and June 2017, and this was also the highest growth figure among all three markets
In line with hiring trends in the IT & BPO sector, demand for Software, Hardware and Telecom talent remained stable, as all three markets exhibited positive hiring sentiment, he said.
Malaysia saw the strongest demand for these professionals, at 48 percent year-on-year growth. This is a 52 percent jump from the -4 percent reported between May 2016 and 2017.
These are some of the Malaysia highlights:
● Monster Employment Index Malaysia registers decline of one percent on annual basis.
● IT, Telecom/ISP and BPO/ITES witnesses the steepest annual growth among industry sectors and Hospitality plunges the most.
● Software, Hardware, Telecom professionals exhibit highest annual growth in demand among all job roles.
A few challenges
"While hiring momentum in the region is shaping well, a few challenges due to rapid disruption continue to create headwinds for businesses," said Modi. "Retaining top tech talent in this competitive landscape is a key challenge. Moreover, the supply of tech talent cannot keep up with the demand especially in Malaysia - an increasingly dominant area of IT given the level of IT transition happening in the country."
"With digitalisation being adopted across all organisations, the demand for niche talent in the industry has never been greater, especially with the consistent threat of cyber security, which is one of the most difficult roles to fill," he said. "Recruiters are definitely on the lookout for engineers and analysts with strong commercial acumen."
The Monster Employment Index 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 websites and online job listings across Singapore, Malaysia and the Philippines.
To see some other MEI news, go to:
- Malaysia is still a 'hotbed for tech talent,' notes March job index
- Is Malaysia's hiring slump about to be reversed?
- Malaysia hit hardest in February by IT jobs slump in Southeast Asia, study shows
- Malaysia's online hiring tumble may reflect global economic uncertainty, says Monster