Most local employers ready to hire in 2022

by AUFA MARDHIAH / pic by TMR FILE

SIXTY-TWO percent of employers in Malaysia are confident in hiring the skilled talents their organisations need despite most organisations still undergoing restructuring to adapt to changes in the working environment.

In its 15th edition, the Hays Asia 2022 Salary Guide collected over 9,500 responses from skilled professionals between October and November 2021 across China, Hong Kong, Japan, Malaysia and Singapore.

Among the top reasons for skill shortages at organisations were higher compensation offered elsewhere, lack of learning and development opportunities to upskill current employees, and skills needed are too niche and hard to source in the current market.

However, 60% of employers who said their organisations are going through restructuring opined that it was due to changes in required skill sets, while 58% attributed it to digital transformation.

Hays Malaysia MD Tom Osborne said the growing confidence bodes well for the 50% of employers who said they intended to increase their permanent headcount next year.

“However, with Covid-19 transforming workplaces and accelerating digitalisation, the skills gap that organisations are already experiencing could become more apparent,” he said in a statement yesterday.

Communication skills, problem-solving skills and teamwork were the most valued soft skills in Malaysia and consistent across Asia.

Meanwhile, analytical skills, technical skills and management skills were the top hard skills.

The findings also recorded that Malaysia was also the only country emphasising management skills.

In terms of improving job prospects, 55% of professionals in Malaysia said they spent time on developing soft skills, 32% on developing hard skills and 13% were getting higher or additional qualifications.

Most of the respondents reported spending one to two hours per week on skills development. The figure also recorded the highest number of respondents after China.

Osborne also commended professionals in Malaysia for having a strong sense of initiative to upskill.

“Candidates should prioritise skills that are valued by employers and which are relevant to the current market and world of work. Employers, on the other hand, should continue to invest in training and upskilling their staff.

“Not only does this maximise productivity, but it would also help in boosting employee retention,” he concluded.