As per the Monster Employment Index, online hiring activities in Malaysia reduced by 18% YoY in April 2016.
The index looks at the number of job advertisements , including a breakdown by functions and industries.
In April 2016, none of the areas saw increased online hiring activity.
Employers pulled the reins on hiring activity, due to the curbs on recruitment of foreign employees and sluggish Purchasing Managers’ Index (PMI) numbers, according to Sanjay Modi (MD at Monster.com).
“Sectors affected were the construction, shipping and logistics sectors, where hiring numbers have been hit as reflected in the 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.
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,” said Sanjay.
Here are the year on year growth numbers for a few sectors and jobs:
- Advertising, public relations, market research, media and entertainment sector, -4%
- Logistic, shipping/marine, courier/freight/transportation sector, -35%
- Marketing & communications professionals, -1%
- Software, hardware and telecom jobs, -38%