O&G posts positive online recruitment activity in 2018

By NUR HAZIQAH A MALEK

Online hiring activity in the oil and gas (O&G) sector remained positive throughout last year, posting an 8% year-on-year (YoY) increase in December 2018, according to the Monster Employment Index (MEI).

MEI said the growth also marks 21 consecutive months of YoY growth for the sector since April 2017.

However, Malaysia posted a 3% YoY decline in online recruitment activity in December last year.

Monster.com Asia-Pacific and Middle East CEO Abhijeet Mukherjee (picture) said analysts forecast an increase in both upstream and downstream activities as crude oil prices are expected to stabilise in 2019.

“With changes in global energy markets, innovation and technology will continue to play a critical role as companies seek to meet growing energy needs sustainably.

“It’s not surprising that we see new roles being created in the O&G industry,” he said.

He added that as focus is on automation and smart technologies, companies will need to keep innovating to remain competitive.

“This is creating demand for talents with the technical skills and creative outlook to learn emerging technologies and to develop new ones.

“Companies will increasingly explore new ways to attract and retain millennial talent, rebranding themselves and introducing a more collaborative and digital culture,” Mukherjee added.

Looking at specific industries, the information technology industries posted the highest growth in recruitment activity at 18%, followed by O&G (8%) and logistics (7%).

However, the retail industry posted a 7% YoY drop, followed by hospitality (8%) and media industries (8%).

In terms of job roles, however, hospitality and travel posted a 44% growth, followed by human resources and administration (2%), and logistics (1%).

The industries posting declines in occupations are the customer service industry with 29% YoY drop, tailed by finance and accounts (13%), software, hardware and telecommmunications industry (11%) and lastly, the sales and business development industry (10%).