New job postings in Malaysia soared in Q4 2014 on the back of Putrajaya’s success in drawing in more multinational firms according to recruitment consultancy Robert Walters.
Of the six Asian markets surveyed in the agency’s Job Index for Q4 2014, Malaysia witnessed the biggest jump in the number of new jobs advertised – an increase by 48 percent over the same period in 2013.
Titled “Asia at a glance,” the Index ranked Japan second as it grew 42 percent due to improved business confidence, while China and Singapore grew at 19 percent and 23 percent respectively, owing to growth in online retail and increased regulatory requirements.
Overall, Asia witnessed an increase of 18 percent in job advertisement figures.
Sally Raj, Managing Director of Robert Walters Malaysia, attributed Malaysia’s status as one of Southeast Asia’s fastest growing markets to Putrajaya’s success in attracting more multinational firms.
“The government’s initiatives to strengthen infrastructure and increase business operational efficiency continues to attract increasing numbers of multinationals to the country. This explains the encouraging increases in job advertising volumes we have seen across 2014,” she said.
She said firms in Malaysia have expressed concerns over the goods and services tax that will roll out this April, making 2015 an “interesting year.”
Robert Walters noted that there was a shortage of technically skilled job applicants in Malaysia, with advertising of job openings for IT candidates climbing by 75 percent, while recruitment for those in accounting and finance as well as marketing rose by 63 percent and 55 percent respectively.
Meanwhile, the 33 percent rise in job advertisements for logistics was driven by the country’s emerging status as a key regional hub for logistics and manufacturing, while the 31 percent hike in retail job postings is due to the opening up of new malls and new international brands.
With offices in 24 countries and regions, Robert Walters revealed that it compiled the Asia Job Index by monitoring advertising volumes for recruitment in leading job boards and national newspapers in the six regions.
Farah Wahida, Malaysia Editor of PropertyGuru, wrote this story. To contact her about this or other stories email email@example.com
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