Online employment in Malaysia down 23%, says Monster
By Digital News Asia June 29, 2015
- BFSI industry showed highest activity at 12%
- Advertising, media and PR the worst hit
THERE was an overall decline in online employment in Malaysia, which dropped 23% between April 2014 and April 2015, according to online recruitment company Monster Worldwide Inc.
Despite this year-on-year drop, online hiring activity has increased since March 2015 by 9%, the company said in a statement, citing the Monster Employment Index (MEI), which was generated for Malaysia for the first time.
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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, Monster said.
In April 2015, the BFSI (banking, financial services and insurance) industry showed the highest activity at 12% year-on-year growth, followed by Logistics, Courier/Freight/Transportation, and 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 (pic), managing director of Monster (India, Middle East, South-East 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 slowdown in hiring activity in the local market,” he added.
[Click infographic below to enlarge]
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