Trends in the Recruitment and Job Placement Market in Malaysia, April-June 2024

＜Market Overview in Malaysia＞

Despite global economic challenges, the Malaysian economy has demonstrated resilience, maintaining a high GDP growth rate in 2024. This momentum has been supported by a favourable labour market environment, a robust financial sector, and high national savings. While the manufacturing sector has not seen significant changes, signs of improvement are beginning to emerge.

＜Local Hiring Trends among Companies in Malaysia＞

In Malaysia, since the government announced its goal in 2005 to reduce greenhouse gas emissions by 45% by 2030 and achieve carbon neutrality by 2050, various incentives related to renewable energy have been introduced. As a result, more companies are integrating corporate social responsibility (CSR) into their hiring strategies. Additionally, there is active investment in data centres, digital transformation, and automation technologies. Skills related to artificial intelligence (AI) and automation are in high demand, prompting companies to shift their focus from traditional qualifications to specific skill sets.

＜Job-Seeker Trends in Malaysia＞

Competitive benefits, work-life balance, and a supportive workplace environment are key factors for job seekers. Remote work is expected to continue as an increasing option. As skills are becoming more valued over traditional qualifications, skill enhancement programs play a crucial role in bridging the skill gap and strengthening the workforce. Job seekers highly regard companies that offer such initiatives. Organisations that prioritise improving the overall employee experience are establishing a positive brand reputation.