Malaysia posts 31% rise in online hiring in IT sector in September

Online hiring in the IT sector in Malaysia has been on the rise in the wake of Malaysia’s ongoing digital transformation, with a 31 percent year-on-year increase in July, 38 percent in August and 31 percent in September.

As per the Monster Employment Index (MEI), IT-related job roles in software, hardware and telecommunications also saw an impressive 37 percent year-on-year spike in July and a 32 percent increase in demand for both August and September.

Monster.com APAC and Middle East Chief Executive officer, Krish Seshadri, noted that the growth of the IT industry is in line with Malaysia’s commitment to transitioning the country into a digital economy that embraces Industry 4.0.

Krish stated, “Malaysia’s recent 2020 Budget Speech was focused on digitalization and technology driving the economy towards a new era, and the government’s introduction of the RM50 Mn 5G Ecosystem Development Grant will accelerate technological developments, boosting recruitment within the sector.”

Monster.com further revealed that another notable industry with significant growth was retail, up 23 percent year-on-year for July, 13 percent for August and 22 percent for September.

The uptrend in hiring continues as businesses are already turning to e-recruitment to ramp up the hiring of tech talent in order to increase their digital transformation efforts, in line with Malaysia’s digital transformation drive. It is to be remembered that the Entrepreneur Development Ministry’s SME Corporation Malaysia (SME Corp) had announced in July 2019 that the ministry expects all SMEs in the country to embrace digitalization within five years as compared to the current rate of adoption i.e. 32 percent. No wonder these efforts will lead to a further boost in hiring in the IT sector.