Survey: Jobs growth to hit 6% next year


  • Business
  • Saturday, 22 Nov 2003

By Sabry Tahir

MALAYSIA is expected to register a 6% growth in employment next year, a survey by Multimedia Development Corp (MDC) unit Knowledge Worker Exchange Sdn Bhd (KWX) showed. 

KWX managing director Ungku Harun Al Rashid Ahmad said the figure was a marked improvement over that of 2003 when the Iraq war, the SARS epidemic and global uncertainty slowed down employment growth. 

The survey also showed an expected overall growth in employment of 3.5% this year. 

“The major contributor to the growth in terms of numbers for 2004 will be the services industry, which is expected to register a growth of 24.3% in new jobs over the 2003 numbers,'' Harun said when releasing the findings in Cyberjaya yesterday. 

The information and communication technology (ICT) industry is also expected to be a significant contributor to the Malaysian employment market, with 26% growth in job vacancies next year. 

Harun said another main employer would be the manufacturing sector, contributing 23.3% to total job vacancies for 2004. 

The survey also gave an indication of major problems that would be faced by employers in recruiting new employees. 

The biggest problem faced by companies would be in recruiting the right candidates in terms of skill sets and suitability, while other problems were centred around having poor command of the English language and high salary expectations, Harun said.  

For the Statistics Department reports click here

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