SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

Four in five Malaysian candidates struggling to find jobs



Human Resources Online is heading to Bangkok with the Accelerate HR conference on November 26-27.
HR leaders from Agoda, DKSH, Fonterra, FWD, Kasikornbank, Minor Food, Nissan Motor and more have already confirmed to speak.
Bring your team for additional group discounts.

Malaysians are struggling to find jobs – in a survey by SkootJobs.com, 80.6% of the 1,700 job seekers that responded said it is either difficult or very difficult to get a job these days.

The study, conducted online, also found that a majority of respondents (70.3%) are bearish on the nation’s long-term economic and political prospects, with a rating between okay/bad/very bad.

Asked how difficult it is these days to find a job, the job seekers responded:

  • 35.3% – Very difficult.
  • 45.3% – Difficult.
  • 15.7% – Okay.
  • 2.2% – Easy.
  • 1.3% – Very easy.

On the long-term economic and political prospects of Malaysia, responses included:

  • 13.3% – Very good.
  • 16.7% – Good.
  • 43.3% – Okay.
  • 13.5% – Bad.
    13.5% – very bad.

Asim Qureshi, CEO of SkootJobs.com, said the survey strongly indicates the job market is pretty tough right now, and job seekers are feeling the brunt of it.

He said: “Only 3.5% of jobseekers felt it was easy or very easy to get a job which is surprisingly low, especially when considering Malaysia’s job market has traditionally been somewhat of a huge merry-go-round where employers struggle with staff turnover. I see that employers are being way more selective when hiring than a few years ago.”

ALSO READ: Close to 3 in 4 Singapore employers have zero hiring plans for Q4 2016

Malaysia’s unemployment rate has been hovering at around 3.4% in 2016, the highest since 2009. Between 2009 and 2016 it has been around the 3% level, per the report. With relatively low levels of unemployment, it is surprising that job seekers are finding it so difficult to get roles.

Toine Vaessen, COO of PayrollPanda, noted this situation represents a double-edged sword. “Yes, it’s not good that jobseekers are struggling to find jobs, but it certainly makes Malaysia attractive for employers compared to its neighbours. We’ve got a multilingual and increasingly educated workforce and right now, frankly, it’s easy to get great talent in Malaysia.”

Photo / 123RF

The first Managing Mental Health & Wellbeing in the Workplace online course will be launched in December.
Register your interest for the course at the introductory price of SGD199.

Read More News

in All markets by

Managing mobility in Asia

The challenge for HR practitioners is to make a cost-effective package for assignees to meet both the needs of the business and th..

Trending

Leave a Reply

You must be logged in to post a comment.