Survey shows 1 out of 5 employees was retrenched

More than 2m Malaysians are expected to be unemployed this year due to the quarantine and business shutdowns

by SHAHEERA AZNAM SHAH/ pic by MUHD AMIN NAHARUL

ONE out of five employees in the country has lost their job because of the slowing economy due to the Covid-19 pandemic, a survey by JobStreet.com revealed.

JobStreet.com Malaysia country manager Gan Bock Herm said the survey, which gathered feedback from 5,000 people, revealed that the employees were predominantly on a short-term contract basis of small-sized organisations in the significantly affected industries such hospitality, travel and tourism.

The study also stated that about 81% of the retrenched employees were actively seeking jobs.

“According to the Malaysian Employers Federation, more than two million Malaysians are expected to be unemployed this year due to the quarantine and business shutdowns.

“We recently conducted a survey on more than 5,000 job seekers in Malaysia and it revealed that one out of five employed individuals lost their jobs due to the Covid-19 crisis and the affected employees were mostly employed on short- term contracts with a low salary range and from small businesses,” he said via a virtual press conference yesterday.

Additionally, he said 35% of the respondents indicated experiencing salary reduction of more than 30% due to the temporary closure of businesses during the Movement Control Order (MCO).

“Respondents indicated that they were impacted by the pandemic and 35% of them said they had been experiencing salary reduction of more than 30% due to the MCO.

“All of these are detrimental impacts to the quality of lives and need to be addressed by the private sector and government to reduce the unemployment rate in Malaysia,” he said.

However, he added that despite the challenging market, their clients continue to post for vacancies and job seekers continue to apply.

Despite the uncertainty in the market, Gan mentioned that the IT and manufacturing sectors have shown to be the highest opportunities for job seekers, according to their number of job postings on the online hiring platform.

“We found that jobs related to computer and IT to be the second highly requested by employers at present with 3,269 postings for jobs such as software developers and IT engineers.

“The highest posting is jobs related to manufacturing and production with 3,314 available positions.

“The banking, retail and healthcare sectors also showed quite significant numbers of available jobs,” he said.

Gan added that the postings of IT-related jobs surged 129% during the MCO period compared to the previous year, followed by the food and beverage sector (112%).

“According to job searches on Google, more than 74 million people were looking for jobs in March, an increase of 13% before the Covid-19 pandemic and 16% more than the same period last year,” Gan said.