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foundit Insights Tracker Malaysia : July 2023

Exploring Hiring Trends in Malaysia for July 2023 with foundit Insights Tracker 

The foundit Insights Tracker (fit) Malaysia, previously known as the Monster Employment Index, is the monthly pulse on Malaysia’s hiring trends. It analyses millions of job postings in real-time. This provides a snapshot of Malaysia’s online recruitment and highlights sector-specific patterns. 

Hiring Overview  

In July 2023, fit Malaysia indicated a 2% YoY growth in e-recruitment. With an index score of 78, it mirrors June 2023, showcasing a stable hiring landscape. The MoM hiring trend remained unchanged. 

Sectoral Insights  

In Demand: The Retail Sector led with an impressive +74% annual growth, majorly driven by the surging demand at general merchandise stores. Following closely was the Hospitality sector at +63%, reflecting Malaysia’s push towards digital innovation. 

Facing Challenges: However, not all sectors shared this positive trend. IT, Telecom/ISP, BPO/ITES sectors saw a 22% annual drop, hinting at global challenges. Similarly, Oil and Gas, and BFSI sectors had reductions in their hiring figures. 

Annual Hiring Trends — Functional Area 

Hospitality & Travel roles dominated with +71% growth. Yet, Customer Service roles faced a steep -45% decline, marking July’s most significant dip. 

Several other roles, including HR & Admin and Software, Hardware & Telecom, saw slight decreases in hiring. 

For a complete breakdown, dive into foundit’s latest fit report on Malaysia’s hiring scenario. 

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