- The latest Monster Employment Index (MEI) Malaysia, using figures for June this year, seems to indicate online hiring activities
The latest Monster Employment Index (MEI) Malaysia, using figures for June this year, seems to indicate online hiring activities have fallen by 24% year-over-year.
In a statement today, online jobsite Monster said the June figures also represent a slight dip from May’s 23% decline.
“Local businesses are still not confident about hiring intentions, due to a continuing struggle of mismatch in the demand for talent and the market supply,” said Sanjay Modi, managing director of Monster.com for India, Middle East, Southeast Asia & Hong Kong.
“Many service industry sectors and occupations are witnessing dramatic declines in online hiring, as seen in the MEI.
“Malaysia’s manufacturing sector is currently seeing its weakest PMI readings due to poor economic conditions.
“This will prompt layoffs within companies and online hiring activities will continue to see poor growth in the coming quarter.”
Despite the negative growth across all occupational groups, he noted that finance and accounts roles experienced the least decline at -1% year-over-year, a slight improvement since May 2015.
The software, hardware and telecom jobs continue to see the most decline in online hiring activities for the second month, at -28% year-over-year, he added.
Online hiring for marketing and communications professionals saw an improvement between May 2015 and June 2015, indicating an increased demand for these roles.