PETALING JAYA: More than 70% of Malaysian companies will either be maintaining or increasing their employment headcount in 2021, according to professional recruitment services firm Michael Page Malaysia.
In its Talent trends 2021 report, Michael Page Malaysia said about 33% of companies in Malaysia are looking to increase their headcount while 40% aim to maintain theirs amid growing optimism.
“From July 2020 onwards, various sectors in Malaysia began to experience steady recovery. For example, the technology sector remained buoyant throughout 2020, with businesses placing emphasis on business intelligence, data analytics, as well as software development, ” Michael Page Malaysia, Thailand and Vietnam managing director Paul Cooper said in a statement yesterday.
In view of the economic demands, Cooper said the sectors earmarked for highest hiring activity are technology and fintech, global business services/shared service centres, fast moving consumer goods, healthcare and life sciences, as well as engineering and manufacturing.
“The appetite for tech functions across all industries is high, especially in the commerce and financial services sectors.”
In addition to Malaysia’s anticipated employment activity, Cooper expected more opportunities for professionals.
“Demand for talent within semiconductors and consumer electronics also sustained the engineering and manufacturing sectors in Malaysia.
“As a major producer of medical devices, Malaysia’s healthcare sector also experienced a significant increase in demand for talent from the manufacturing and supply chain perspectives, specifically those with a strong digital focus around invoicing, tracking and processing.”
According to the report, 66% of employed professionals anticipate looking for new opportunities in 2021, while 31% of respondents said they did extensive research before applying for a job.
“This suggests increased employment activity in Malaysia within a candidate pool who are becoming increasingly empowered with a wealth of information, ” Cooper said.
He added that business leaders are encouraged to remain agile and adapt work practices and strategies to reflect a new working environment.