According to the Monster Employment Index, a broad monthly analysis of online job posting activity conducted by Monster India, both Philippines and Malaysia are witnessing growth in e-hiring
Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide.
Malaysia recorded a robust 25% year-on-year growth in e-recruitment activity in April’22 compared to the same month a year ago as the country eased travel restrictions and opened up borders, according to the Monster Employment Index (MEI).
Although hiring demand remained muted month-on-month, there was an upsurge of 15% in hiring activities over the last six months.
The retail sector posted a spectacular 100% growth in hiring activity year-on-year owing to the rapid digitisation in the sector. The government too played a major role in the revival of economic activities by facilitating the smooth running of the logistics and supply chain industries.
The BFSI sector, too, fared well (up 35 per cent) with the increased adoption of technology and the entry of several new players in the space. Sectors such as hospitality are also on an upward curve (up 31 per cent) with the opening up of land and air borders as the country is slowly inching out of the Covid-19 pandemic.
Commenting on job trends for April 2022, Sekhar Garisa, CEO, Monster.com – APAC & Gulf said, “With the rapid opening up of borders and roll out of vaccinations, Malaysia is on the path to a complete post-Covid economic recovery. The government has done a tremendous job in ensuring the revival of economic activity across sectors and with the rapid adoption of digitization, the trend is set to continue further.
“Even some of the existing downward trends are likely to taper off as businesses boosted by market demands would spur more job opportunities across the country.”
Occupational hiring growth in Malaysia strengthened in April month, as 8 out of 9 job profiles monitored by the Index registered increased annual demand with Software, Hardware, and Telecom (up 69 per cent) leading the charge owing to the increased penetration of digitization across all sectors.
Meanwhile the Philippines recorded an 11% year-on-year growth in e-recruitment activity in April’22 compared to the same month a year ago.
According to the Monster Employment Index (MEI), the BFSI and Retail sectors have shown double digit growth in hiring activity, indicating their resilience amidst the on-going geopolitical volatility.
However, owing to multiple natural calamities that hit the country, hiring activity remained slightly muted (down 2 percent) month-on-month.
The BFSI (up 26 per cent) industry reported the highest incline annually as the country’s banking system witnessed an increase in the usage of digital banking and e-wallet services.
The Retail (up 22 per cent) industry remained one of the strongest sectors by the way of long-term growth as consumer intent to spend increases with the waning of the pandemic followed closely by Advertising, MR, PR, Media & Entertainment (up 13 per cent) sectors.
Commenting on job trends for the month of April 2022, Sekhar noted that “the Philippines has shown tremendous resilience despite daunting conditions. While deep challenges such as the lasting effects of the pandemic and inflation remain, people have adapted to the challenges by embracing digitization and creating newer consumer segments.
“Private consumption and investments are also on the rise and overall, the country is poised to make a strong economic comeback.”