An increasing number of government initiatives have led to a rise in job advertisements in Malaysia.
That was among the key findings of Robert Walters Asia Job Index for Q4 2014, which highlighted a 48% annual growth in job advertising across Malaysia.
The greatest surge in job advertisements was for IT candidates (75%), with the shortage of technically skilled job applicants playing a key role in this rise.
Job advertisements for accounting and finance professionals followed at 63%. The survey added marketing professionals saw a rise of 55% in job ads for their roles, as more companies sought to attract consumers and drive sales.
Additionally, the report explained Malaysia’s emerging status as a key manufacturing and logistics hub in Southeast Asia drove job advertising in logistics up 33% from 2013.
“Malaysia is one of the fastest progressing markets in Southeast Asia,” Sally Raj, managing director, Asia, Robert Walters, said.
“The government’s initiatives to strengthen infrastructure and increase business operational efficiency continues to attract increasing numbers of multinationals to the country. This explains the encouraging increases in job advertising volumes we have seen across 2014.”
The report highlighted there was an 18% rise in the number of job advertisements across the entire Asian region.
It also stated that competition for top talent has prolonged the hiring process and driven salaries up.
“Another key trend across the region is the increasing tendency of hiring managers expressing an interest in attracting overseas Asian professionals back home –these professionals are highly sought-after for their blend of international experience, bilingual skills and knowledge of the domestic Asian business culture.”