However, despite the increase in job opportunities, the current employment demands in the market are challenged by a limited talent pool and skills shortage, it was highlighted.
Malaysia has seen an increase in job opportunities within certain sectors in Q3 2021 in comparison to 2020, according to global recruitment firm Michael Page. There was also a noted growth in opportunities particularly within the marketing (+45%) and engineering & manufacturing (+22%) sectors.
Overall, there was an 18% increase in job opportunities from last year.
Paul Cooper, Managing Director of Michael Page, Malaysia, Thailand and Vietnam, elaborated: "Marketing in Malaysia's B2C space is really driving the demand for these professionals as organisations are trying to engage directly with their customers. The pandemic brought about massive changes in consumer patterns and the leading players want to establish a direct link with their customer and decrease their reliance on third party e-commerce platforms."
Consequently, there has been demand for digital marketing, data analysts and product managers who can secure customer engagement through relevant influencers and open new online marketplaces for brands.
As for the 22% increase in job opportunities for Malaysian professionals within engineering & manufacturing, the growth is particularly driven by the global demand for semiconductors and microchips created by the increased volume in consumer electronics production, he stated. Factories in Malaysia were also "pressured to maximise their output", thus leading to a demand for specialists in semiconductor manufacturing.
Investments in the healthcare industry, which ramped up manufacturing within pharmaceuticals and medical devices, have contributed to this growth. This industry is currently earmarked for even more growth, the press release highlighted.
However, despite the increase in job opportunities, the release further noted that current employment demands in the Malaysian market are challenged by a limited talent pool and skills shortage.
Subsequently, there has been an increase opportunities for specialist contractors as a "viable solution for businesses to manage their talent work flow".
Overall, more companies are utilising Malaysia's "growing contracting workforce to stay agile and keep their existing up-to-date, and close any skill gaps within."