Jun 7, 2016

Online hiring activities in April down sharply

Online hiring activities in April down sharply

KUALA LUMPUR: Malaysia saw an 18% plunge in overall online hiring activities between April 2015 and 2016, compared with an 11% drop between March 2015 and 2016.

This is according to the latest round of the Monster Employment Index (MEI) Malaysia, a gauge of online job posting activities, recording the industries and occupations that show the highest and lowest growth in recruitment activity locally.

In April, none of the job sectors and occupational groups witnessed positive annual growth.

Monster.com managing director Sanjay Modi said the ban on the recruitment of foreign workers in Malaysia earlier this year, and the weak PMI figure has caused employers to hold back on hiring activities, especially the labour-intensive sectors and job roles.

"Sectors affected were the construction, shipping and logistics sectors, where hiring numbers have been hit as reflected in the MEI data. Now that the ban on foreign workers is semi-lifted, we can expect companies to continue hiring in the months to come to cope with job demands," he said in a statement.

"Furthermore, with no additional hikes in oil prices, the oil and gas sector is likely to continue trimming its workforce until the market becomes well-adjusted to new oil prices," added Sanjay.

The advertising, market research, public relations, media and entertainment sectors reported a 4% year-over-year decline in online hiring activities, the least among the other sectors monitored. Despite the decline, hiring activities between January and April 2016 witnessed an improvement of 10%.

The logistic, courier/freight/transportation, shipping/marine sector once again reported the steepest plunge in online hiring activities, at 35% year-over-year.

Across the occupational group monitored by the Index, demands for marketing & communications professionals saw the least decline at 1% year-over-year. This is a 7% slump from 6% year-over-year growth recorded in March 2016. Despite the contraction, month-on-month hiring activities witnessed a marginal 1% improvement between March and April 2016.

Software, hardware and telecom jobs once again reported the steepest year-on-year plunge, at 38%. On a positive note, the pace of growth in online hiring in the group witnessed a marginal 1% improvement between March and April 2016.

The MEI Malaysia is a monthly gauge of online job posting activity, based on a real-time review of millions of employer job opportunities, culled from a large representative selection of career websites and online job listings across Malaysia. The index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.

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