February 21, 2024

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Tech hiring spikes across Malaysia and Southeast Asia

According to a recent report, companies in Southeast Asia are showing a spike in the hiring of tech talent, with Singapore leading the growth rates ahead of Malaysia and the Philippines in July, according to an employment index.
A major job-seeking website revealed the findings of their Employment Index (MEI) which gauges online hiring activity across the three countries on a monthly basis.
Recruitment in the tech sector remained strong for Singapore, clocking in 14 per cent growth year-on-year.
The Index reported that:

  • Hospitality & Travel led annual growth in online demand among occupation groups for the third consecutive month, up 7% year-on-year in July 2018, according to the Employment Index (MEI)
  • The IT, Telecom/ISP and BPO/ITES sector registers the steepest growth among sectors at 11% year-on-year while the Retail industry exhibits the sharpest decline at 28% year-on-year
  • Customer Service job roles were the least in demand at -19% year-on-year

According to a statement released by the job-seeking website company’s CEO, the competition to hire professionals with technical expertise and digital skills intensifies in the region as global demand for niche skill sets in areas such as e-commerce, cloud technology, cyber security, web development, mobile and more continues unabated.
The company said in Malaysia, the IT, Telecommunications and Internet Service Providers (ISP) and Business process outsourcing (BPO) and Information Technology Enabled Services (ITES) industries charted the most notable year-on-year growth among sectors monitored by the index, at 11 per cent.
Malaysia also witnessed an uptrend in annual online demand for Software, Hardware, Telecom professionals for the first time since March 2018, up 2 per cent in July.
It index comprises data of overall hiring activity in each country, as well as specific data in the IT and BPO sector.
After six months of decline in hiring, the Philippines bounced back in July, recording two per cent positive in the sector, the index said.
The Philippines continues to register double-digit year-on-year growth for software and telecommunications jobs since December 2017, with figures further rising in July at 25 per cent, the index added.
The index also noted that it is increasingly seeing organisations recognising the importance of upskilling, recruiting and growing talent in-house, as the MEI reports the majority of jobs posted online are seeking for full-time employees.
In this supply-constrained market for tech talent, hiring managers from both start-ups and established companies need to rethink and strategise their recruitment processes and offerings, even working on their employer brand, to attract top talent who may be considering multiple job opportunities at the same time.
These findings show that, as far as Malaysia is concerned, the country is on track to manifest a few of the objectives laid out in the Smart City Initiatives, namely to stimulate social, economic and physical development in a dynamic, balanced and sustainable manner.
Moreover, the Smart City Initiatives manifesto recognises the importance of generating a competitive urban economy through strengthening digital application by improving the readiness of its urban services through digital applications, and by encouraging digital application through information dissemination and hands-on training.
A part of creating an urbanised environment is by increasing the demand for tech professionals and creating places wherein these professionals can work and innovate.
A demand for tech professionals suggests that there is a growing number of centres and work environments being established in Malaysia.
An example of this is Malaysia’s science and technology park, Cyberjaya. Located 20 minutes from the heart of Kuala Lumpur, Cyberjaya is Malaysia’s global tech hub, and home to over 2300 start-ups, SMEs and tech giants. This tech park could be one of the sources responsible for the increased demand for tech professionals in Malaysia.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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