Jobstreet.com: Jobs Still Available Despite Slow Economy

Think the uncertain economy today has slowed the job market? Jobstreet.com found otherwise.

A survey conducted by the online recruitment site for the third quarter this year, found that 50% of Malaysian companies respondents still planned to grow their staff strength.

“Hiring intention by employers still looks healthy despite the uncertainty in the global economy and the weak ringgit,” Chook Yuh Yng, Country Manager of Jobstreet.com said in a report published by The Malay Mail Online.

Employers from the banking, engineering and retail industries are unperturbed by the uncertain economy, and they have continued to show keen interest in hiring. However, 40% of the respondents opted to maintain their current team size, while 36% decided to reduce their staff strength.

In the first half of 2016, the employment market in the country declined by 5%, compared to the same period last year, due to the generally sluggish economic conditions, slump in global oil prices and also rising inflation, Chook added.

“Despite the decrease in the job market, we still have over 20,000 job vacancies posted on our website. Jobseekers should remain positive and make sure that their JobStreet.com profiles are updated so that they don’t miss out on opportunities,” she said.

Topping the chart of job offers is the manufacturing industry, followed by banking, construction, information technology and retail.

Current salary range for fresh graduates stand between RM2,100 and RM2,500, said Chook, while employees are expecting close to RM3,000.

Fresh graduates are urged to be realistic in their hunt for their first employment, and value the opportunity when it comes, Chook advised.

“Why stay unemployed when there are plenty of jobs in the market. Take up a job first while you continue to search for better opportunities,” she said.

JobStreet.com is a leading online job board presently covering the employment markets in Malaysia, Singapore, the Philippines, Indonesia and Vietnam.

It currently services over 230,000 corporate hirers and has over 15 million jobseekers in its database.

[Source]