PETALING JAYA: Appetite for hiring in Malaysia appears to have significantly returned, with the number of job listings in the second quarter of 2021 rising to 116% that of the previous quarter and 228% that of the second quarter of 2020, according to JAC Recruitment Malaysia, part of Japan-listed JAC Recruitment Co Ltd.
It said an increasing number of employers have been proceeding with hiring targets with an eye toward a with-corona and post-corona landscape. The number of job listings amounted to 119% that of the previous quarter and 292% that of the second quarter of 2020, thereby revealing a notable increase in appetite for hiring among foreign-affiliated and locally-based multinationals. Likewise, the number of job listings issued by Japanese multinationals in Malaysia amounted to 160% that of the second quarter of 2020.
“Still, the number of listings in the second quarter of 2021 is 80% that of the second quarter of 2019 prior to the pandemic, thereby suggesting that Japanese multinationals are taking a more cautious approach to recruitment than is the case with multinationals of other countries operating in Malaysia,“ it said in a statement.
By industry and sector, JAC said there has been robust demand for professionals in business process outsourcing, shared services centres and global business services, IT-related fields, logistics, and the supply chain realm. There has also been a marked increase in the number of ICT and IT-related job listings, which have more than doubled relative to the second quarter of 2019 amid active recruitment particularly among major telecommunications equipment companies, payment solutions providers, comprehensive IT services firms, Malaysian multinational firms, and other such entities.
Amid a scenario where desire to change jobs remains largely unchanged, the number of candidates seeking new employment is on par with levels of past years. Candidates continue to encounter a seller’s market particularly when it comes to ICT and IT professionals amid an increasing number of job listings in such fields. There has also been an increase in the number of professionals seeking new jobs as a result of their employers having been forced to suspend business or cut salaries due to the nation’s prolonged operating restrictions.