{"id":36383,"date":"2024-03-22T16:58:00","date_gmt":"2024-03-22T11:28:00","guid":{"rendered":"https:\/\/www.foundit.my\/career-advice\/?p=36383"},"modified":"2024-05-02T14:15:12","modified_gmt":"2024-05-02T08:45:12","slug":"foundit-insights-tracker-malaysia-feb-2024","status":"publish","type":"post","link":"https:\/\/www.foundit.my\/career-advice\/foundit-insights-tracker-malaysia-feb-2024\/","title":{"rendered":"Malaysia&#8217;s Hiring Landscape in February 2024: Insights from the foundit Insights Tracker\u00a0\u00a0"},"content":{"rendered":"\n<p>The foundit Insights Tracker (FIT) for Malaysia has unveiled a notable 9% increase in hiring demand annually as of February 2024.&nbsp;<\/p>\n\n\n\n<p>The fit index shows a positive trend compared to the same period last year. Despite a 5% month-on-month decline, overall trajectory reflects a positive outlook on an annual basis.&nbsp;<\/p>\n\n\n\n<p>The tracker also highlights a gradual yet consistent upward trend, with a 5% growth observed over the past six months, underscoring positive momentum across various industry sectors.&nbsp;&nbsp;<\/p>\n\n\n\n<p>This optimistic trajectory is notably influenced by favorable economic conditions and the burgeoning startup ecosystem in the region.&nbsp;<\/p>\n\n\n\n<iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/presentation\/d\/e\/2PACX-1vTWAXAm3Mc53aTwF0eJyowij5Ajmqx5a3R9wE_prOJFTp2bXBmifBLVivWAyDYI8J2gwgwpDdMVjcMc\/embed?start=false&#038;loop=true&#038;delayms=3000\" frameborder=\"0\" width=\"1280\" height=\"749\" allowfullscreen=\"true\" mozallowfullscreen=\"true\" webkitallowfullscreen=\"true\"><\/iframe>\n\n\n\n<div style=\"text-align: center;\">\n<a style=\"display: inline-block;background-color: #7900c6;color: #fff;text-align: center;padding: 10px 20px;text-decoration: none;font-size: 18px;border-radius: 4px;font-weight: bold;\" href=\"https:\/\/media.foundit.in\/career-advice\/wp-content\/uploads\/2024\/05\/fit_MY_-Feb24.pdf\" target=\"_blank\" rel=\"noopener\">Download Feb 2024 fit Report (Malaysia) PDF<\/a>\n<\/div>\n\n\n\n<p><strong>Hiring Trends &#8211; Industry<\/strong>&nbsp;<\/p>\n\n\n\n<p><em>6 out of 10 industries monitored by the FIT have witnessed an annual increase in hiring activity in February 2024.<\/em>&nbsp;<\/p>\n\n\n\n<p><strong>In Demand:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Retail sector leads the pack with an impressive 148% annual growth, driven by the expansion of flagship units and robust consumer demand.&nbsp;<br>&nbsp;<\/li>\n\n\n\n<li>Hospitality follows closely with an 83% surge annually, reflecting strong double-digit growth in the sector.&nbsp;<br>&nbsp;<\/li>\n\n\n\n<li>&nbsp;Engineering, Construction, and Real Estate exhibit significant annual growth of 59%, fueled by notable Foreign Direct Investment (FDI) opportunities and technological advancements.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Challenges Faced:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The BFSI sector experiences a consecutive annual drop of 28%, with the Oil and Gas sector witnessing a sharp 22% decline, marking the steepest annual decrease.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The IT, Telecom\/ISP, BPO\/ITES sector records a 7% annual dip amidst global headwinds.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Notable Growth:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Logistic, Courier\/Freight\/Transportation, Shipping\/Marine sector demonstrates excellent growth, with a notable 24% increase annually, benefiting from the ongoing global supply chain shift.&nbsp;<br>&nbsp;<\/li>\n\n\n\n<li>Advertising, Market Research, Public Relations, Media, and Entertainment sector witness an 18% annual increase in demand, reflecting an upsurge in hiring activity.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Hiring Trends &#8211; Functional Area<\/strong>&nbsp;<\/p>\n\n\n\n<p>5 out of 10 functional areas tracked saw an annual increase in online recruitment activity.&nbsp;&nbsp;<\/p>\n\n\n\n<p>&nbsp;<br><strong>In Demand:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Engineering\/Production and Real Estate roles witness remarkable growth of 48%, aligned with green economic development goals.&nbsp;<br>&nbsp;<\/li>\n\n\n\n<li>Sales &amp; Business Development professionals experience an exceptional surge in demand at 42% annually, closely followed by Marketing &amp; Communications roles at 41%.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Challenges Faced:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Finance &amp; Accounts roles see a significant (-13%) annual drop, attributed to reduced demand in the BFSI sector.&nbsp;<br>&nbsp;<\/li>\n\n\n\n<li>Purchase\/Logistics\/Supply Chain, Hospitality &amp; Travel, and Software, Hardware &amp; Telecom sectors register an annual decline in hiring demand in February 2024.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>About the foundit Insights Tracker&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p>The foundit Insights Tracker (fit) Malaysia, earlier known as the Monster Employment Index, is the leading guide to Malaysia\u2019s e-recruitment landscape. By examining millions of job listings, fit provides insights into the hiring trends in Malaysia.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The foundit Insights Tracker (FIT) for Malaysia has unveiled a notable 9% increase in hiring demand annually as of February 2024.&nbsp; The fit index shows a positive trend compared to the same period last year. Despite a 5% month-on-month decline, overall trajectory reflects a positive outlook on an annual basis.&nbsp; The tracker also highlights a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-36383","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-insights-tracker"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.foundit.my\/career-advice\/wp-json\/wp\/v2\/posts\/36383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.foundit.my\/career-advice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.foundit.my\/career-advice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.foundit.my\/career-advice\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.foundit.my\/career-advice\/wp-json\/wp\/v2\/comments?post=36383"}],"version-history":[{"count":2,"href":"https:\/\/www.foundit.my\/career-advice\/wp-json\/wp\/v2\/posts\/36383\/revisions"}],"predecessor-version":[{"id":36395,"href":"https:\/\/www.foundit.my\/career-advice\/wp-json\/wp\/v2\/posts\/36383\/revisions\/36395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.foundit.my\/career-advice\/wp-json\/wp\/v2\/media\/17264"}],"wp:attachment":[{"href":"https:\/\/www.foundit.my\/career-advice\/wp-json\/wp\/v2\/media?parent=36383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.my\/career-advice\/wp-json\/wp\/v2\/categories?post=36383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.my\/career-advice\/wp-json\/wp\/v2\/tags?post=36383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}