Employers in Malaysia are expected to reduce hiring of new employees in the second half of the year, citing a lack of right candidates for specific positions as the biggest hurdle, a survey by JobStreet.com has found.
The Job Outlook Q2 2015 survey revealed that 41% of 930 respondents admitted they would be hiring less in the second half of the year, an increase of 27% from last year, when only 14% said the same.
Respondents of the survey were human resources personnel, managers and senior managers from 21 different industries and various company sizes.
“A staggering 69% disclosed that their biggest hurdle would be finding the right candidate for a specific position,” the report said when the employers were asked about their challenges in recruiting for 2015.
“Some 49% said that they would most likely face high salary demands. The survey results also showed that employers find it difficult to fill certain positions, primarily sales and marketing at 23%, followed by engineering at 21%.”
“Hiring the right employee is crucial towards the success of an organisation. However, finding an employee who is able to contribute to your organisation and embrace your work culture is a challenging process” said JobStreet country manager Chook Yuh Yng.
The latest JobStreet.com Employee Confidence Index (JECI) survey for April also showed a drop in confidence amongst candidates in securing a decent job in Malaysia from 49 points last year to 43 points, the report added.
However, there is a healthy number of JobStreet.com job openings, with an average of over 20,000 openings.
“The JobStreet.com first quarter 2015 results also showed a growth in unique job postings and unique number of advertisers by 4% and 6% respectively, implying that the job market is still robust.”
“The manufacturing industry still leads the job market in terms of its number of job postings,” the report said, adding that the banking and financial services sector was another industry that continued to top the charts with its significant number of job postings.
“Specialisations that are on high demand include talent from sales and marketing, accounting, secretarial and admin and ICT, causing stiff competition for the employers.”
For this, Chook added that the results from the first quarter might imply differently from the downtrend revealed by the survey.
“There were also negative sentiments during the previous quarter but our results showed positive growth, so it might be the same this time. Regardless, it’s imperative for employees to strive for excellence which propels personal and ultimately national growth, said Yuh Yng.