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Malaysia – Recruitment to slow in Q4

20 November 2013

The recent JobStreet.com Job Outlook Report has found that hiring is expected to slow down in the fourth quarter of this year, as existing employees stay on for bonus pay-out and employers cut back on hiring with the reinforcement of minimum wage coming in January 2014, reports the Sun Daily.

The Job Outlook Index, as measured by JobStreet.com looks at the expectations of job growth or employment prospects in the industries on a quarterly basis.

In a statement yesterday. JobStreet.com said 43% of respondents are planning to only fill fewer than 10 positions for the next three to six months.

In order to help retain employees looking to leave, 5% of employers responded that they will increase salaries and provide better work arrangements for their employees.

The top 10 specialisation employers seek for in Q4 2013 are:

  • Sales & Marketing
  • Accounting & Finance
  • Engineering (others)
  • Computer & IT (software)
  • Manufacturing
  • Building & Construction
  • Customer service
  • Clerical & General Administration
  • Engineering (electrical)
  • Engineering (mechanical & automotive)

With regard to recruitment, the jobs portal found that many employers are finding it difficult to obtain the right talent.

One of the employers from the business services industry stated, "There will be no shortage of job opportunities for good talent in Malaysia. Good times or bad, good talent will always be sought after."

Only 28% of respondents forecast that job growth will be better and they are mainly from accounting, sales, marketing, and construction.

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