Accounting

Top Jobs in Demand in Malaysia for 2015 According to Hays Quarterly Report

Jobs in demand in Malaysia for 2015

2015’s jobs market will be characterised by high demand for skilled professionals who can diagnose time or cost inefficiencies

Petroleum Engineers earn very high salaries

Petroleum Engineers earn very high salaries

and then offer solutions to improve their department or business’s performance, says recruiting expert Hays.

According to the recruiter’s January to March 2015 Hays Quarterly Report, released today, as long as employers want to maintain profitability while keeping costs down, people who can offer effective process or costs solutions will be in high demand.

“Employers are hiring and they have positive intentions for the year ahead,” says Christine Wright, Managing Director of Hays in Asia. “In our conversations with employers, it’s clear that the greatest hotspots of demand will be for people who can help a business work smarter, not harder.

“All departments now need people who can analyse performance, review and improve processes, reduce costs and increase efficiencies.

“From Financial Controllers in the accountancy department, to Senior IT Consultants in the IT team and Brand Managers in the marketing department, the focus this year will be on improving the existing ways of operating while reducing costs,” said Christine.

According to the Hays Quarterly Report, the following skills are just some of those in demand in Malaysia:

Banking & Finance professionals can earn very high salaries in Malaysia

Banking & Finance professionals can earn very high salaries in Malaysia

  • Hays Accountancy & Finance: CFOs and Financial Controllers who have international experience and regional exposure with genuine multinational companies continue to be sought after. Demand for these professionals is strongest in the oil & gas, healthcare, technology and FMCG sectors.
  • Hays Banking: Risk Analysts with good exposure to the SAS or Teradata analytics programs have been high in demand as banks strengthen their risk and credit infrastructure. These skills are also highly sought in Project Managers and Business Analysts.
  • Hays Human Resources: Strategic business partner skills continue to be highly sought after in the Malaysian market. The role of Business Partner is traditionally viewed as very operational but high demand exists for professionals with vision who can balance human resource programs with business priorities.
  • Hays Information Technology: There is currently a lack of Senior IT professionals in Malaysia who possess the right balance of technical skills and business acumen. Candidates with the ability to communicate their technical expertise effectively in the business environment are highly sought.
  • Hays Finance Technology: IT Security professionals continue to be highly sought after as companies look to ensure that data is protected within the cloud and virtualization technologies.
  • Hays Sales & Marketing: Mid-management Brand Managers continue to be in high demand across various industries
    EduSpiral met us at Asia Pacific University to explain in detail about the computing courses and took us around for a campus tour.  Jack Chin from Sitiawan

    EduSpiral met us at Asia Pacific University to explain in detail about the computing courses and took us around for a campus tour.
    Jack Chin from Sitiawan

    including the FMCG sector, as the market continues to be strong and companies in Malaysia grow.

  • HAYS Oil & Gas: Despite the recent drop in the Oil Price, engineering consultancies with strong existing relationships and good project pipeline require Mechanical, Instrumentation, Piping and Process Engineers. The recent award of large downstream projects has increased confidence in this part of the industry and encouraged further investment and expansion.
  • Hays Supply Chain: There has been an increase in demand for strategic Procurement and Supply Chain Managers across all industry sectors. Candidates with a track record of process/operations improvement and cost saving are particularly in demand. Professionals with telecommunications and e-commerce experience are particularly sought after.

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ACCOUNTANCY & FINANCE Jobs in Demand in Malaysia

Employers are still focusing on hiring Malaysian finance professionals on a permanent basis. Businesses are looking for

Accounting jobs are high in demand in Malaysia

Accounting jobs are high in demand in Malaysia

Malaysian candidates as there continues to be a sufficient number of skilled finance professionals in the local market. Those who have lived, worked or studied overseas are also, and will remain, in high demand.

Soft skills in communication and stakeholder management are a major requirement for candidates looking to secure a senior or managerial role within a multinational corporation.
As well as this, employers require candidates with good technical and commercial skills and strong business acumen.

As a result, some employers are becoming more receptive to considering audit candidates who are making their first move from a Big 4 firm since their skills are adaptable and include strong communications and stakeholder management expertise.

However, attracting candidates to roles in Shared Service Centres (SSCs) and local businesses can be challenging.

In other trends, organisations are favouring candidates who can demonstrate a steady work history mixed with

"I attended EduSpiral's Education Fair at KInta Riverfront after my SPM exam in December and obtained great information there. Although Asia Pacific University is famous for IT but I found out that they have a solid accounting programme and I can get a UK degree. I got a scholarship as well from APU." Julian Hum, from SMK St. Michael Institution, Ipoh studying Business at Asia Pacific University.

“I attended EduSpiral’s Education Fair at KInta Riverfront after my SPM exam in December and obtained great information there. Although Asia Pacific University is famous for IT but I found out that they have a solid accounting programme and I can get a UK degree. I got a scholarship as well from APU.”
Julian Hum, from SMK St. Michael Institution, Ipoh studying Business at Asia Pacific University.

genuine career progression. Those who started in a Big 4 firm and worked their way up in a genuine multinational company are particularly sought after as they are considered to be more productive, with greater international experience.

In terms of skills in demand for the April – June 2015 quarter, we’re seeing a high demand for tax professionals.

The current GST implementation in Malaysia is creating an increase in demand for candidates with GST experience.

Financial Planning Analysts are also in high demand in most commercial industries as more and more employers have realised that effective planning and financial management are key to running a financially successful business.

In terms of candidate trends, we’re seeing people looking for jobs that offer scope for career development in a reputable organisation, and of course an attractive remuneration package.

Candidates still believe that they are more likely to find this in international companies rather than local businesses.

Many candidates understand the advantage of professional qualifications when applying for permanent roles.

Also, many are starting to realise the importance of skills associated with the implementation of the GST and have started to attend seminars with a view to obtaining certification in this area.

 

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Curtin University Sarawak is ranked Tier 5 or Excellent in the SETARA 2013 by MQA

Curtin University Sarawak is ranked Tier 5 or Excellent in the SETARA 2013 by MQA

BANKING Jobs in Demand in Malaysia

Many banking institutions have undergone major changes in their top management in recent months. With the movement of

Bank Negara Malaysia

Bank Negara Malaysia

senior managers out of these businesses, there are now new openings that need to be filled.

A lot of banks are also trimming down their equities businesses and expanding their derivatives operations. Meanwhile, they are strengthening their compliance and risk functions to ensure stability moving forward.

Finance technology is in the spotlight as banks across the region are looking to undertake transformation projects in order to upgrade and migrate their banking systems, especially on the retail and wholesale side. With these proposed changes in the industry, we are seeing an increase in the appreciation for returning Malaysians with skills in these areas.

In terms of skills in demand for the April – June 2015 quarter, we’re seeing a high demand for
Compliance Officers. Due to strict governance from Malaysia’s Central Bank, banks are tightening control and trying to minimize potential compliance issues.

Relationship Managers and Credit professionals within the corporate sector are also needed.

Highly influenced by candidate movement, the demand for Finance Reporting professionals is widespread in both banking and

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While some agents were pushing me to go for universities, EduSpiral took time to share information and take me and my friends for campus tours to help us make a better decision.
Paul Kit, Finance at UCSI University

financial services.

With new changes vetted out by the Central Bank, professionals with Cash Management experience in both RENTAS and GIRO are highly valued in the local market.

Finally, Fund Accountants and Investment Accountants continue to be in demand.

Most banks and insurance companies are migrating more funds into the country, thus expanding the need for Fund Accountants and Investment Accountants.

In terms of candidate trends, we are seeing more returning Malaysians willing to come back home and contribute their careers here.

 

 

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"I attended EduSpiral's Education Fair at KInta Riverfront after my SPM exam in December and obtained great information there. Although Asia Pacific University is famous for IT but I found out that they have a solid accounting programme and I can get a UK degree. I got a scholarship as well from APU." Julian Hum, from SMK St. Michael Institution, Ipoh studying Business at Asia Pacific University.

“I attended EduSpiral’s Education Fair at KInta Riverfront after my SPM exam in December and obtained great information there. Although Asia Pacific University is famous for IT but I found out that they have a solid accounting programme and I can get a UK degree. I got a scholarship as well from APU.”
Julian Hum, from SMK St. Michael Institution, Ipoh studying Business at Asia Pacific University.

FINANCE TECHNOLOGY Jobs in Demand in Malaysia

Financial institutions in Malaysia are looking to replace legacy systems, as well as undergo major transformations in order to

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EduSpiral provided accurate information about the courses and career prospects to help me make a good decision.
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better meet customer needs. These changes are creating job vacancies within the technology arms of these various institutions.

Permanent roles are still the most common however we are seeing an increasing number of contract jobs. Employers are becoming more open to looking at international candidates who can introduce new technology and train local employees. Demand is strong for individuals with good communication and leadership skills.

In terms of skills in demand for the April – June 2015 quarter, we’re seeing a high demand for Program/Project Managers to help organisations focus on strategising the framework and roadmap prior to project realisation. They usually have process re-engineering, change management and project execution skills, as well as being able to participate in active project planning.

Business and Systems Analysts are also sought. A large number of project initiatives have created opportunities for mediators between business and technology.

Data Architecture and Modeling specialists in areas such as MDM, Teradata, ETL and Enterprise Datawarehouse are also highly sought.

In terms of candidate trends, finance technology professionals are becoming more familiar in specific technical business and technical areas. There is a demand for specialists in each specific functional breakdown such as credit risk, asset management and retail core banking.

HUMAN RESOURCES Jobs in Demand in Malaysia

Both new and replacement positions are available in the HR space. Many businesses are growing, which is fuelling a greater

Heriot-Watt University is a new state-of-the-art  campus strategically located in the modern city of Putrajaya

Heriot-Watt University is a new state-of-the-art campus strategically located in the modern city of Putrajaya

need for HR professionals. In addition, employers are creating more business oriented HR roles, rather than transactional HR roles.

In terms of skills in demand for the April – June 2015 quarter, we’re seeing a high demand for Talent Acquisition specialists. Due to HR’s current focus on both attraction and retention strategies Talent Acquisition specialists are in high demand. Their skills are also utilised in organisational development where there is an increased focus on diversity and inclusion in the workforce.

Compensation and Benefits Managers continue to be sought. Companies are looking for candidates with strong hands-on experience in compensation to help them attract talent.

Many multinational companies now see Malaysia as a location where they can establish manufacturing plants, since the costs involved are relatively low compared to other countries. As a result, Regional Human Resource Managers who are strong in industrial relations, Malaysia employment law and have experience in negotiating collective agreements with large manufacturing workforces are highly sought after.

Strategic business partner skills continue to be sought. HR Business Partners with vision who can balance human resource programs with business priorities are in high demand.

In terms of candidate trends, we’re seeing the majority of people searching for strategic positions. Candidates are becoming more proactive in reaching out and looking for new opportunities

Top Human Resource Management Job Positions in Demand in Malaysia

HR Business Partners – Strategic business partner skills continue to be highly sought after in the Malaysian market. The role of

I am so glad that my mother found EduSpiral online. I used to be quiet and not able to communicate well in English. Now, I am more confident and speak a lot in English because of the great university environment. Zhi Kang, Business at Asia Pacific University

I am so glad that my mother found EduSpiral online. I used to be quiet and not able to communicate well in English. Now, I am more confident and speak a lot in English because of the great university environment.
Zhi Kang, Business at Asia Pacific University

Business Partner is traditionally viewed as very operational but high demand exists for professionals with vision who can balance human resource programs with business priorities.

Compensation and Benefits Managers – Companies are looking for candidates with strong hands-on experience in compensation and benefits. Their experience will help organisations create remuneration strategies that attract talent.

Talent Acquisition specialists – Due to HR’s current focus on both attraction and retention strategies Talent Acquisition specialists are in high demand. Their skills are also utilised in organisational development where there is an increased focus on diversity and inclusion in the workforce.

Human Resource Managers – Many multinational companies now see Malaysia as a location where they can establish manufacturing plants, since the costs involved are relatively low compared to other countries. HR Managers who are strong in industrial relations, Malaysia employment law and have experience in negotiating collective agreements with large manufacturing workforces are highly sought after.

Organisational Development specialists – Companies continue to focus on the development of their high potential employees, and learning & development remains crucial in all organisations.

Trends in Human Resource Management Jobs in Malaysia

The majority of positions available in HR are on a replacement basis. However, employers are also planning their recruitment for the coming year and are looking to acquire candidates with niche skills in order to up skill their current HR department.

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INFORMATION TECHNOLOGY Jobs in Demand in Malaysia

We expect to see lots of movement in the IT recruitment market this quarter due to the traditional payment of bonuses at this

Jasmine Kaur, Asia Pacific University student, winning the International Asia Pacific ICT Awards (APICTA) 2013 – ‘Best of Tertiary Student Project’

Jasmine Kaur, Asia Pacific University student, winning the International Asia Pacific ICT Awards (APICTA) 2013 – ‘Best of Tertiary Student Project’

time of the year. In addition, there are still many opportunities emerging as a number of large global businesses are setting up local offices in Malaysia.

Another trend we are noticing is the constant movement of candidates in lower support roles due to these job functions tending to be quite transactional. Moving forward, there will still be demand for candidates across all levels of employment.

In Malaysia there continues to be a shortage of IT talent. With the different government regulations and restrictions, a lot of businesses prefer to hire staff on a permanent basis. There are still staff being hired on a temporary basis, but often candidates look for the job security and social status that comes with a permanent position.

Soft skills continue to be in demand and are often seen to be more important than a candidate’s technical competence as the ability to present to senior stakeholders is highly valued.

In terms of skills in demand for the April – June 2015 quarter, we’re seeing a high demand for
Senior Project Managers (Application System / Development) as AGILE methodology experience is in tremendous demand right now.

Software Developers are also sought after. Expertise in programming and development is lacking in the local market. There are

EduSpiral provided me with up-to-date information on Asia Pacific University & helped me to apply for the MARA Loan for my studies to achieve my dreams. Mohd Muaz Anuar taking the IT programme

EduSpiral provided me with up-to-date information on Asia Pacific University & helped me to apply for the MARA Loan for my studies to achieve my dreams.
Mohd Muaz Anuar taking the IT programme

two main reasons for this. The first is that the existing pool of candidates are providing only support services and are rarely involved in development related tasks.

The second is that the majority of Malaysian candidates would rather move to neighbouring countries for better career opportunities. This position is in high demand in an IT consultancy and banking environment, such as JAVA/J2EE Developer, ASP.Net, SharePoint, Mobile Application (Android / iOS / Mobile Web) Developer.

Employers are also looking for Business Analysts with both technical and business acumen to translate business plans into technical requirements by liaising with clients, business users, production teams and vendors. Candidates need experience in performing UAT and SIT. Demand for these Analyst is highest in the financial and IT consultancy industry.

IT Security specialists continue to be a high demand with technology moving to more sophisticated platforms such as the cloud. Moving forward, potential skills in the implementation and monitoring of IT policy will be in great demand to ensure the protection of data within the virtualization technologies.

In terms of candidate trends, we’re seeing a greater emphasis is on career progression. However, monetary rewards remain the most common motivator in the market.

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APU's new ultra-modern University Campus located within Technology Park Malaysia (TPM) set to be ready in 2015.

APU’s new ultra-modern University Campus located within Technology Park Malaysia (TPM) set to be ready in 2015.

OIL & GAS Jobs in Demand in Malaysia

We expect to see oil output fall in 2015 and 2016 as the current oil price is not sufficient to raise production from existing fields to

The Petroleum Engineering degree course at Curtin Sarawak is highly recommended for those seeking lucrative careers in the Oil & gas industry

The Petroleum Engineering degree course at Curtin Sarawak is highly recommended for those seeking lucrative careers in the Oil & gas industry

full capacity. As Malaysia moves towards deepwater and enhanced oil recovery (EOR) projects, costs are expected to rise and subdued oil prices will impact investment.

While ongoing gas developments will support an increase in Malaysian gas production, the rate of production growth will be more moderate as we expect producers to direct fewer resources into maintaining gas output in the current market.

Industry consolidation will see Malaysia’s refining capacity and refined oil production fall between 2015 and 2019. This will offset the impact that the start-up of a major project in the next decade will have on Malaysia’s total refined production.

In terms of skills in demand for the April – June 2015 quarter, we’re seeing a high demand for Proposal Engineers due to the current situation in Malaysia’s oil and gas market. Engineering companies that are struggling to find new projects are adding local talent who have experience working on large complex projects.

Both Senior and Lead Process Engineers are in demand. Companies that have clinched project deals are showing a keen interest in hiring local talent where possible. Talent from Europe, the USA and Australia are also keen to explore suitable opportunities in Malaysia.

Senior Bid Engineers with good experience are high in demand. Local Malaysian candidates are particularly sought after for these positions as they have good working knowledge of creating bids and tenders that meet the criteria of local standards and specifications.

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School of Engineering & Science at Curtin University Sarawak

School of Engineering & Science at Curtin University Sarawak

SALES & MARKETING (Mass Communication) Jobs in Demand in Malaysia

Recruitment activity within Malaysia’s sales and marketing market remains buoyant. Although there was a slight slowdown at the

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“EduSpiral talked to me to find out my interests and career goals. He took me to a few universities to tour the campuses to see which one fit me best. EduSpiral helped me choose the right course at the right university.”
Jia Ping, Mass Comm at KDU University College

start of 2015, companies will use their new budgets to hire new staff.

This quarter will be active as new jobs and replacement roles become available thanks to people leaving their existing roles as soon as they receive their annual bonuses.

An interesting trend has been the increased investment in e-commerce businesses. Large companies either enter joint ventures with more successful e-commerce businesses that have already launched in other countries in the region, or are leveraging their current customer database to launch on their own.

Either way, Malaysia will continue to be a hotspot for new and upcoming Internet and e-commerce businesses, since the economy is still growing and there is a lot of opportunity for businesses to capitalise on this growth.

In terms of skills in demand for the April – June 2015 quarter, we’re seeing a high demand for National Sales Managers. We have seen a large spike in demand for these professionals from FMCG companies. Some are replacement roles, but many are new roles as businesses continue to grow and develop in Malaysia.

Some companies that didn’t see Asia as a main focus before have changed direction and have started to put more funds into Malaysia, and therefore need people to lead their sales teams.

In addition, as product areas become more specialised organisations require multiple Sales Managers instead of just one, which is leading to a spike in these roles.

International FMCG and pharmaceutical companies are seeking good quality Product Managers. The requirement for hard skills as well as soft skills has increased significantly. The shortage of candidates with these skills has continued to push the demand for them higher.

There has also been an increase in the need for strong Key Account Managers as businesses grow and need more people to manage their key customers. The issue is that there is a shortage of good quality candidates with the soft skills necessary to fill this need.

Corporate Communications Managers are also sought as big businesses need to handle the flow of information both internally and externally.

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We did not know where to go after our STPM results and our friend recommended EduSpiral to us. EduSpiral helped us to make the best choice. Foo Hong, Business at HELP College of Arts and Technology Kuo Qiat, Marketing at UCSI University

We did not know where to go after our STPM results and our friend recommended EduSpiral to us. EduSpiral helped us to make the best choice.
Foo Hong, Business at HELP College of Arts and Technology
Kuo Qiat, Marketing at UCSI University

 

 

 

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John Lai Wai Hong, Diploma in Mass Comm at KDU University College

SUPPLY CHAIN (Logistics) Jobs in Demand in Malaysia

During the first quarter of 2015 junior to mid-level supply chain professionals moved roles, particularly in the area of

Elizabeth Reima, UCSI University Logistics graduate, at her work place where she had also interned while at UCSI

Elizabeth Reima, UCSI University Logistics graduate, at her work place where she had also interned while at UCSI

procurement. Following the Chinese New Year break we have seen an increase in the number of managerial and senior level roles that are becoming active and we expect this trend to continue.

In the second quarter movement will rise at the senior level as employees collect their annual bonus and many turn their attention to external opportunities. Employers remain primarily focused on Malaysian candidates as they continue to seek talented local professionals.

In terms of skills in demand for the April – June 2015 quarter, we’re seeing a high demand for Procurement Leads / Managers. Hands-on candidates with staff management experience are very much in demand, as are experienced buyers with specific category knowledge.

There is a mixture of new and replacement roles, with the focus being on candidates with a proven track record of cost savings through the use of strong negotiation skills and effective supplier management. We expect this demand to continue as new companies enter the market and existing companies realise the direct impact a strong procurement team can have on their profit.

Planning Professionals (Supply/Demand/Production) are also sought after. These professionals remain in high demand, particularly in the area of demand planning. This is due to a shortage of candidates in the Malaysia market and the preference of hiring managers to focus on candidates from a similar industry.

Experienced Supply Chain Managers remain in demand, particularly those with experience working abroad or in large multinational companies. Many companies who have invested in new systems are now focusing on securing leaders who can help maximize their return on investment, working to develop the internal process/procedures and the efficiency of the team.

Contract Advisors and Contract Managers are also increasingly sought after. Candidates with experience in the oil & gas sectors (both upstream and downstream) are sought. Employers are focusing on candidates with strong claims management experience as well as those who can contribute during the tender stage.

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