Malaysia’s Top 10 Job Talent Trends 2016 According to Hays
EduSpiral Consultant Services shares articles on job talent trends by recruitment specialists so that our students are aware of the job prospects for the courses that they plan to choose. We want our students to choose the right course so that they have a bright career ahead. These articles provide facts and evidence to help students after SPM or UEC to choose the right career instead of listening to unverified hearsay from friends and relatives.
Hays is the world’s leading recruiting experts in qualified, professional and skilled people.
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Hays Report on Malaysia’s Top 10 Talent Trends 2016
Malaysia’s job market will experience a surge in activity in 2016 as more and more
multinational companies take advantage of the country’s geographical location, language capabilities and abundant pool of skilled workers to set up their regional service centres, according to recruiting experts Hays.
Foreign companies will also be attracted by the depreciation of the local currency which will enable them to establish lower cost centres in 2016.
“Malaysia is an ideal location for MNCs to set up their contact centres and shared service centres,” says Tom Osborne, Regional Director of Hays in Malaysia. “We will see a growing number of new regional centres established and rising demand for skilled candidates to fill their job vacancies in 2016.”
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According to Hays, the reasonable cost of salaries and the skills of local talent will continue to attract
MNCs to set up shared services centres, while more online businesses are expected to spring up in 2016 due to local consumers becoming more digitally savvy in their shopping habits.
Increased recruitment drives and on-the-job training will be prevalent as start-ups and larger organisations try and race ahead of their competitors to claim a stake in the budding e-commerce industry.
“Malaysia’s online market is maturing and will offer tremendous job opportunities for not only those candidates with an IT background, but also those who can improve efficiencies via the use of the Internet and other digital tools,” Tom says. “Other trends in the job market include the increasing demand for retail banking professionals, and the relocation of manufacturing facilities from other high-cost locations to Malaysia that will result in a wave of hiring.”
Hays’ top 10 talent trends for 2016 in Malaysia are:
- Shared service centres: Malaysia will see a steady growth of multinational companies setting up new
shared service centres or contact centres thanks to its established status as a low-cost location in the region. Malaysia’s geographical location in Asia Pacific, language capabilities, the cost of salaries and the skill level of local talent are appealing factors for foreign companies. The decline of the local currency makes Malaysia an even more attractive destination to set up shared service centres, which will usher in huge demand for skilled workers to fill vacancies.
- Revival of retail banking: For the last two years, most banks have been focusing on the growth of their Corporate & Commercial Banking segments. However, with economic conditions improving, they are now going back to basics and strengthening their retail banking offering. The majority of banks are looking to enhance bankcards, mortgages and wealth management segments. In 2016 this will create demand for salespeople, especially with cross-selling capabilities.
- Growth of online businesses: The growth of online businesses will continue in 2016. E-commerce has seen tremendous growth in Malaysia as the market matures and consumer online shopping habits advance. Both start-ups and larger corporations are trying to move quickly to get their piece of the e-commerce pie. The battle for supremacy in cyberspace will lead to competition for qualified IT talent and skilled candidates who are at the forefront of the digital era.
- IT security: Skills shortages in IT security will be a new trend in 2016. We find that demand is rising faster than the supply of SOC analysts and security assurance specialists. This is the result of fast-growing data processing technologies coming into play. Candidates with forensic and hacking skills are especially in demand. Those with knowledge in patching, monitoring and configuration will be sought after to minimise security threats.
5．Big data: Rising demand for ETL (Extract, Transform, Load) developers and business intelligence
analysts will be another new trend in 2016, since expertise in various technologies and data tools is critical for organisations. For those businesses in which forecasting and determining the root cause hold the key to success, these candidates will be in especially high demand.
- Life sciences: Great changes will take place in the life sciences sector in 2016. Home-based companies are gearing up for rapid expansion in 2016. Established local players with strong market knowledge are introducing new medical services and require additional manpower to support this development. They are looking to gain a lead as political and economic uncertainty has dented the appetite for investment from a number of international pharmaceutical companies. This will have a significant impact on new international players planning to invest in the market.
Detariffication in General Insurance: General insurers will be allowed to offer variable premiums
based on the risk profiles of their products. In terms of staffing demand, this will result in a significant increase in the need for business development professionals and marketing managers as organisations look to increase revenue. There will also be further demand for capable underwriters because a greater sophistication is expected when insurers price products amidst loosened regulations.
- Manufacturing: The manufacturing sector will remain strong in 2016. Benefiting from the currency depreciation, there will be significant improvements in business activities in electronics, pharmaceutical and food manufacturing. More new plants will be set up with companies relocating from high-cost markets to Malaysia. As companies are choosing increasingly remote locations within Malaysia to establish their operations, they face a critical challenge relating to candidate attraction and candidate willingness to relocate. This has driven employers to be flexible and creative when developing remuneration packages, as well as considering foreign candidates with the niche skills required.
Help! I don’t know what course to choose to study at university- what do I do?
It is important to choose the right course to study – you don’t want to waste your time and money on a
course you don’t want to do (or end up dropping out of). To help you decide which course is right for you, make a list of courses that are of interest to you.
Is it a subject you have already studied? For example, maybe you loved the English subject and you read novels for pleasure in your own time. You can consider Teaching English as a Second Language, journalism or Mass Communication. In addition, you don’t have to do a journalism degree to become a journalist – many degrees are considered!
Maybe you’ve always been interested in computers and the internet at home, and enjoyed maths at school, so are considering a degree in computer science, a course subject you probably won’t have studied before. Experienced education counselors are able to analyse your interests, personality and exam results to help you make a list of possible courses for consideration.
Looking at your results in SPM, UEC or O-Levels could help you to decide which course you would be good at. If you are good in Maths & Physics then you can consider Engineering courses. Having good results in Chemistry, Biology & Maths, you can think of a career in Food Science, Pharmacy or Medicine. Talking to an experienced education advisor would help you to navigate through this confusing time of choosing the best course that fits you.
Many students after SPM make the mistake of just listening to advise without verifying whether the
information given is true or not. In addition, just because you have heard or seen a lot of advertisements by a particular university, doesn’t mean that it is the best in that course.
Many of the course counselors at the universities are paid by the universities to get you to register there, so their main motivation is to get you to register, not to help you make the right choice.
You should also ask yourself if you would still be interested in that subject for a further three or four years – enough to motivate yourself to work and research independently? Remember, you are going to work in this career for the next 50 years after graduation, therefore, you should have a high interest in the course.
The course that you choose should also have a job demand for you after you graduate. Choosing a course that you are passionate about without job demand and you may end up being jobless. Look for statistics and research to support whether there is a job demand for your future career in Malaysia or Singapore. Here at EduSpiral Consultant Services, we do our research on the job demand for the careers in Malaysia, Salary Reports, and universities so that we can advise our students based on facts and evidence.
Now why would you want to talk to EduSpiral Consultant Services when you can contact the private universities directly? Well, EduSpiral Consultant Services staff have more than 15 years experience in counseling students. Having worked in the private education industry, we have in-depth knowledge of each private university and college in what they are good at. We have worked with our partner universities and colleges for many years while the counselors at the private universities or agents’ offices change every few years therefore they would not have the in-depth knowledge of the courses and the university that they are working at.
Some of the Best Pre-University & Degree Programmes to Study in Malaysia
Pre-University Programmes in Malaysia
- Foundation in Engineering
- Foundation in Arts
- Foundation in Science
- Foundation in Business
- Foundation (General)
- Foundation in Design
- Pre-University Programmes
Engineering and Built Environment Courses in Malaysia
- Mechatronic engineering
- Civil engineering
- Mechanical Engineering
- Electrical and Electronic Engineering
- Telecommunication Engineering
- Chemical Engineering
- Petroleum Engineering
- Aerospace Engineering or Aeronautical Engineering
- Aircraft Maintenance Engineering
- Materials engineering
- Applied Geology
- Quantity Survey
Computing and Information Technology Courses in Malaysia
- Computer Science
- Information Technology
- Information Technology with Database Administration
- Software Engineering
- Computer science or computer engineering
- Information systems security
- Mobile Computing
- Games Development
- Intelligent Systems
- Computer System Engineering
- Business Information Systems
- Business Computing with E-Commerce
Applied and Health Sciences in Malaysia
- Food science
- Nutrition with Wellness
- Biomedical Science
- Aquatic Science
Business Courses in Malaysia
- Accounting & Finance
- Accounting & Finance with Internal Audit
- Accounting & Finance with Forensic Accounting
- Accounting & Finance with Taxation
- Management & Marketing
- Actuarial Science
- Business Administration
- Business Management
- Business Administration
- Banking & Finance
- Finance & Investment
- Finance & Investment
- FOREX & Investment
- Investment & Risk Management
- International Business
- International Business Management
- Entrepreneurship & Marketing
- Finance & Marketing
- Public Relations & Marketing
- Human Resource Management
- Logistics Management
- Supply Chain Management
- Media Marketing
- Advertising & Brand Management
- Branding & Advertising
Social Science Courses in Malaysia
- Mass Communication
- Marketing Communications
- Film Studies
- Media Studies
- Public Relations
- Entertainment Arts
- Social Media Marketing
Design Courses in Malaysia
- Multimedia Design
- Interactive Design
- 3D Animation
- Fashion design with marketing
- Textile & Fashion Design
- Product design
- Transport Design
- CGI & Digital Effects
- Visual Effects
- Entrepreneurial design
- Interior Design
- Interior Architecture
- Graphic Design
- Fashion Design
Hospitality and Culinary Arts Courses in Malaysia
Education and Music Courses in Malaysia
EduSpiral Consultant Services- Your Personal Online Education Advisor
EduSpiral Consultant Services represents the best colleges and universities in Malaysia offering a wide range of choices for students to choose from. These colleges and universities offer value for money in the quality of education and excellent facilities that you get.
These universities and colleges are chosen by EduSpiral because they represent the best in their fields in Malaysia and affordable. EduSpiral provides in-depth information and counseling on their courses so that students are able to make the right choice.
If you are still not sure what to study, please contact us and we will send you a free EduSpiral Career Assessment Form.
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