Job roles in the hospitality and travel sector have impressively grown 169% over the past year in the country, according to foundit Insights Tracker’s (FIT) Malaysian report.
In a statement, talent management platform foundit, formerly known as Monster APAC & ME, said its October 2023 report also reveals a promising year-on-year (YoY) growth of 16% e-recruitment, showcasing a positive economic upswing in e-recruitment in Malaysia.
“Additionally, a month-on-month (MoM) analysis also indicated an increase reflecting a positive job market. The rising index values reveal a thriving labour market that will benefit employers and job seekers alike,” it said today (Nov 28).
The tracker also said engineering, construction and real estate industry follow an uptrend in hiring activity while the Oil and Gas (O&G), banking, financial services and insurance (BFSI) and IT/Telecom and business process outsourcing (BPO) industries witness a drop in recruitment.
foundit chief executive officer Sekhar Garisa said its findings indicate a strong momentum and a promising future for Malaysia’s labour market.
“However, in this competitive landscape, companies are emphasising on individuals with sspecialised skills. Hence, job seekers must always be aware of the changing demands of the industry and equip themselves with the required skills.
“Upskilling and continuous learning will be the key to unlocking new opportunities and thriving in this dynamic landscape,” he added.
In the report, hospitality and retail industries continue to lead the way among the industries, showing steady growth.
The hospitality industry saw a remarkable YoY growth of 111%, driven by Malaysia’s booming tourism industry, which draws an increasing number of domestic and foreign tourists.
Similarly, the retail industry at 108% marked noteworthy progress in e-recruitment owing to the huge retail sales.
This is followed by engineering, construction, and real estate industries also witnessed a YoY increase in October 2023 with a 42% rise in the hiring activity due to infrastructure developments, government policies, and rapid urbanisation plans of Malaysia.
In terms of functional roles, hospitality and travel jobs, as mentioned, had staggering YoY growth of 169% driven by international tourism, according to FIT, formerly published as Monster Employment Index (MEI).
This economic recovery created an online demand for other job roles, such as sales & business development (44%) and marketing & communications (12%) as well, among others.
Notably, the report found that the roles in customer service , down by 24%, were the sole function to exhibit a negative growth trend despite having a 19% increase over the last month that can be attributed to the implementation of automated customer service systems such as chatbots and self-service portals.
The foundit Insights Tracker is a comprehensive monthly analysis of online job posting activity conducted by foundit.
Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the foundit Insights Tracker (FIT) presents a snapshot of employer online recruitment activity nationwide.
