According to the latest MEI findings, the O&G industry improved 37% YoY
By ALIFAH ZAINUDDIN / Pic By HUSSEIN SHAHARUDDIN
Malaysia’s online recruitment improved by 7% in September this year, with the oil and gas (O&G) industry reporting the highest jobs growth for the sector since January.
According to the latest Monster Employment Index (MEI) monthly findings, online employment for the month was supported by stronger domestic demand across several key sectors including O&G, information technology (IT), as well as manufacturing.
The O&G industry was the best-performing sector with a 37% year-on-year (YoY) growth, followed by IT and manufacturing, which grew by 34% and 8% respectively in September.
Meanwhile, hiring in the retail sector continued its poor run as hiring activity fell by 22% — making it the weakest industry for the third consecutive month.
The hospitality sector posted a 20% decline for the same period, while the advertising, market research, public relations, media and entertainment category saw a 13% drop. Monster.com Asia Pacific and Middle East MD Sanjay Modi said the steady shift from an established manufacturing base to digital technology and advanced skills is providing Malaysia’s job market with new opportunities.
“This is good news. However, to remain relevant and employable, talents at all levels must continue to upskill to meet the dynamic needs of the workforce,” he said in a statement.
Sanjay said the World Bank had raised Malaysia’s gross domestic product forecast to 5.2% owing to strong investments and recovery in world trade, coupled with favourable income growth that has induced consumer spending.
“This is in line with the index sentiment — indicative of an increase in the employment level,” he said.
In terms of occupational groups, software, hardware and telecom roles had the most demand in the country with an exceptional 62% growth in online hiring.
Sales and development positions were behind with a 16% growth, followed by purchase, supply chain and logistics hiring, which grew by 9% during the month.
Customer service noted the steepest decline at 50% in September, while hospitality and travel jobs trailed with a 34% decrease. Human resources and administration hiring also fell 9% for the month.