Growing Confidence in Malaysia’s Job Market – Job Outlook Report 2018 JobStreet.com

JobStreet.com Job Outlook 2018 report

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Choosing a course to study in Malaysia is one of the most important decisions you will make in your life. Furthermore, your decision will be influenced by many criteria such as the job outlook for the course, potential salary, accreditation of its courses, the suitability of the course against your academic results and career goals, tuition fees, quality of lecturers, facilities, friends & family, and more.

In addition, choosing a course in Malaysia to study after SPM, O-Levels, UEC, Pre-U, A-Levels or STPM takes time, it is a process in finding out which course that best fits you.  With so many things to consider, it may be confusing, therefore students should choose the best course in Malaysia with insider tips from knowledgeable & experienced counselors at EduSpiral Consultant Services.

EduSpiral Consultant Services provides free advise to students after SPM, O-Levels, STPM, A-Levels, UEC, and Pre-University to guide them in choosing the right course and top university in Malaysia to study so that they can have a successful career. The aim for EduSpiral Consultant Services in sharing this article is to help students in selecting their course of study and career paths based on areas in demand.

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JobStreet.com Job Outlook 2018 Report

JobStreet.com, Asia’s leading talent sourcing partner revealed its JobStreet.com Job Outlook 2018 report, indicating that both employers and talent have a more optimistic outlook in 2018.

According to the JobStreet.com Job Outlook 2018 report, job opportunities for candidates are expected to be stronger than they were in 2017, with 30% of Malaysian employers indicating an increase in hiring activity – a 12% increase year-on-year. Meanwhile, 15% of the employers surveyed have mentioned that they will maintain their hiring rate in 2018. In addition, a notable drop in “hiring freeze” was observed by a 5% improvement from last year, affirming the growing momentum in hiring activity.

This growing confidence correlates with an increase in job postings – a 9% increase year-on-year – in which online migration of non-executive job postings contributed 3% to the overall growth.

“We see both employers and candidates sharing a more optimistic outlook towards the job market this year. The key drivers of this sentiment are the rise of start-ups, expansion of local businesses, and entry of foreign companies that will lead to job creation and the need for diversified skills. Therefore, we can expect both job hunting and hiring activity to pick up in 2018,” said Chook Yuh Yng, Country Manager of JobStreet.com Malaysia.

Job Creation in Malaysia

With a growing market confidence this year, the JobStreet.com Job Outlook Report 2018 also revealed some useful insights on competitive hiring strategy – employee compensation and benefits. According to the report, the top five benefits desired by employees are:

Employees Compensation & Benefits in Malaysia

“In times of increased hiring activity, employers should look into emerging needs of employees as pull factors to be competitive in talent attraction and retention. Essentially, it is important for employers to find a balance between employees’ desired benefits and offered benefits to be able to retain and attract talent,” added Chook.

The JobStreet.com Job Outlook Report 2018 was shared during the JobStreet.com Malaysia Career and Training Fair 2018 (MCTF’18) along with JobStreet.com’s latest feature, Career Insights – a data-driven tool for insights into candidates’ intended job roles such as salary data, skill requirements, and industry trends. This new feature from JobStreet.com boasts a total of 162 roles, encompassing 75% of the most popular job roles across all industries to help candidates make better informed career decisions.

Malaysian employers and talent have a more optimistic outlook on the job market for the coming year, according to JobStreet.com’s Job Outlook Report 2018.

The report said 30% of Malaysian employers surveyed indicated an increase in hiring activity, compared with 18% of employers in the previous year, while 15% of those surveyed said they would maintain their hiring rate in 2018.

There was also a 5% drop in “hiring freeze” for 2018, which affirms the growing momentum in hiring activity, according to the report.

It added that the growing confidence correlates to a 9% year-on-year increase in job postings, in which online migration of non-executive job postings contributed 3% to the overall growth.

“We see both employers and candidates sharing a more optimistic outlook towards the job market this year. The key drivers of this sentiment are the rise of start-ups, expansion of local businesses, and entry of foreign companies that will lead to job creation and the need for diversified skills.

“Therefore, we can expect both job hunting and hiring activity to pick up in 2018,” said Chook Yuh Yng, Country Manager of JobStreet.com Malaysia.

The report also revealed that the top five benefits desired by employees are health/medical insurance, transportation allowance, medical coverage for family/dependents, pension/retirement fund and flexible working hours.

EduSpiral Consultant Services – Your Online Education Advisor

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EduSpiral Consultant Services is a full-service educational counseling & planning firm that guides students from across Malaysia to help them choose the right course and university.

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. EduSpiral Consultant Services has helped hundreds of students to choose the right course and enter into the university of choice. Please do contact us should you need any advise.

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Please fill up the Form below and I will WhatsApp you and provide you with sound advise on how to choose the best private university or college in Malaysia to study at. If you do not give your mobile number or full name as in IC, your query will not be answered. Our knowledgeable & experienced courselor will send you a message on WhatsApp & provide assistance from there.

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