Hiring Snapshot
The foundit Insights Tracker (fit) Malaysia provides a monthly overview of Malaysia’s recruitment landscape. In September 2023, the tracker recorded an 11% Year-on-Year (YoY) increase in e-recruitment, indicating a positive hiring trend.
The tracker remained identical to August ’23. However, over the past six months, there has been an encouraging 8% growth, suggesting a favorable domestic economic environment.
Sectoral Highlights
In Demand: Retail experienced a significant jump, with a +108% YoY increase attributed to festive demand.
Hospitality also showed strong growth with +82% YoY growth, driven by increasing investor confidence and tourist demand.
Engineering, Construction, and Real Estate witnessed a notable +23% YoY increase in hiring activity.
Challenges: IT, Telecom/ISP, and BPO/ITES sectors faced a -17% decline in hiring, taking a cautious approach.
Oil and Gas and BFSI sectors also saw declines of -13% and -11% YoY, respectively.
Other Sectors:
Production/Manufacturing, Automotive and Ancillary, and Advertising sectors grew by +5% and +11% YoY, respectively.
Logistics, Courier/Freight/Transportation, Shipping/Marine sector saw a +22% YoY growth.
Functional Area Insights
In Demand: Hospitality & Travel roles surged by an extraordinary +177% YoY, thanks to increased regional tourism. This sector also saw a 48% growth over the last three months.
Sales & Business Development and Marketing & Communications roles also grew by +42% and +9% YoY, respectively.
Facing Headwinds: Customer Service roles continued their downward trend with a -43% YoY decline.
Finance & Accounts and Purchase/Logistics/Supply Chain roles dipped by -3% and -1%, respectively.
Other Functions:
Engineering/Production, Real Estate roles displayed a +1% YoY growth.
HR & Admin, and Software, Hardware & Telecom roles also showed a +1% YoY increase, albeit marginal.
For an in-depth dive into Malaysia’s hiring nuances in September 2023, explore the latest fit report.
