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Overall Demand for IT Roles In SEA Suffers In February

Amidst the slow recovery in online demand for IT professionals earlier this year, hiring sees a slump once again across Singapore, Philippines and Malaysia.

This is according to the latest round of Monster Employment Index (MEI) data. The MEI, a monthly gauge of online job hiring activity, records the industries and occupations that show the highest and lowest growth in recruitment activity.

Singapore reported the least decline in hiring activities amongst the three markets, registering -4% year-over-year dip. This is a 6% drop from 2% year-on-year growth recorded in January.

Online hiring activities in the IT sector in Philippines also reported a 6% dip from its annual hiring in January (reporting -1% drop year-over-year), at -5% year-over-year. Despite the dip, the sector remains amongst the top growth industry groups in the market.

In Malaysia, the sector reported -49% year-over-year slump in online hiring, down from -25% decline registered in January. Month-on-month hiring has also fallen by 17% in February, making it the second lowest growth industry in Malaysia.

IT, Telecom/ ISP and BPO/ ITES industry:

 

Month Market 2014 2015 % Growth Y-o-Y
December Singapore 114 111 -3%
Malaysia 107 72 -33%
Philippines 99 92 -7%
         
    2015 2016  
January Singapore 103 105 2%
Malaysia 79 59 -25%
Philippines 96 91 -1%
         
February Singapore 108 104 -4%
Malaysia 97 49 -49%
Philippines 101 96 -5%

Software, Hardware, Telecom jobs:

 

Month Market 2014 2015 % Growth Y-o-Y
December Singapore 104 91 -13%
Malaysia 109 37 -66%
Philippines 94 68 -28%
         
    2015 2016  
January Singapore 97 85 -12%
Malaysia 82 28 -66%
Philippines 93 66 -29%
         
February Singapore 104 84 -19%
Malaysia 101 27 -73%
Philippines 105 73 -30%

Online hiring of the Hardware, Software and Telecom professionals also exhibited falling demand, as Singapore, Malaysia and Philippines continue to report declining hiring activities. The group is also amongst the lowest growth occupation groups in Singapore and Malaysia.

Singapore once again reported the least decline across the three markets, at -19% year-over-year. This is a 7% drop from -12% decline year-over-year reported in January 2016.

Malaysia fared the worst amongst the three markets, reporting a whopping -73% decline in online demand for Hardware, Software and Telecom professionals. The group also saw the steepest decline in online demand between February 2015 and 2016 among the occupation groups surveyed by the MEI.

Philippines exhibited -30% year-over-year dip in online hiring between February 2015 and 2016, a marginal 1% dip from -29% decline recorded in January 2016. Despite the decline, the group is among the top growth occupations in the market.

“As the global economy struggles to recover, hiring activities across Southeast Asia experienced an overall slump and the IT sector has not been spared either. Some employers have as a result, been prompted to be cautious with their hiring and to manage resources wisely during this period of time,” said Sanjay Modi, Managing Director, Monster.com (India, Middle East, Southeast Asia, Hong Kong).

“Major tech players have based their Asian operations in Singapore, and have gone on hiring sprees since. However, hiring has been stunted partly due to the lack of qualified candidates in Singapore’s limited talent pool. Malaysia has been an attractive state for foreign investments and IT hiring activities are likely to pick up once businesses proceed with investment projects. To further enhance the productivity and quality of work in the Philippines’ IT sector, some employers have chosen to focus on addressing skill gaps within the sector, over aggressively hiring to meet market demands.”

The MEI is a monthly gauge of online job posting activity, based on a real-time review of millions of employer job opportunities culled from a large representative selection of career websites and online job listings. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.

See below for all trends across Singapore, Malaysia and the Philippines for February 2016:

Singapore Highlights:

  • Singapore recorded -7% year-over-year decline in online hiring in February, a dip from -2% recorded between January 2015 and 2016
  • The Production/Manufacturing, Automotive and Ancillary sector reported the sharpest growth at 9% year-over-year. The Hospitality sector saw the greatest decline at -10%
  • Customer Service roles saw the greatest growth in demand at 2% year-over-year. The Software, Hardware, Telecom roles registered the steepest drop at -19% year-over-year
Top Growth Industries

 

  Lowest Growth Industries

 

Year-over-year Growth  Feb

15

Feb

16

% Growth

Y-o-Y

  Year-over-year Growth  Feb

15

Feb

16

% Growth

Y-o-Y

Production/Manufacturing, Automotive and Ancillary 81 88 9%   Oil and Gas 94 90 -4%
Government/ PSU/ Defence 81 82 1%   BFSI 117 112 -4%
Education 96 97 1%   Consumer Goods/ FMCG, Food & Packaged Food , Home Appliance, Garments/ Textiles/ Leather, Gems & Jewellery 88 83 -6%
Health Care 105 105 0%   Engineering, Construction and Real Estate 92 84 -9%
Import/Export 84 83 -1%   Hospitality 109 98 -10%

 

Top Growth Occupations

 

  Lowest Growth Occupations

 

Year-over-year Growth  Feb

15

Feb

16

% Growth

Y-o-Y

  Year-over-year Growth  Feb

15

Feb

16

% Growth

Y-o-Y

Customer Service 105 107 2%   Engineering /Production 93 82 -12%
Legal 102 98 -4%   Finance & Accounts 104 91 -13%
Health Care 107 102 -5%   Hospitality & Travel 103 88 -15%
Purchase/ Logistics/ Supply Chain 96 91 -5%   Real Estate 109 93 -15%
Marketing & Communications 82 76 -7%   Software, Hardware, Telecom 104 84 -19%

 

Malaysia Highlights:

  • Malaysia witnessed a -39% year-over-year decline in online hiring in February, a dip from -28% recorded between January 2015 and 2016
  • None of the industry sectors and occupational groups registered positive annual growth
  • The Production/ Manufacturing, Automotive and Ancillary sector reported the least decline at -10% year-over-year, while the Logistic, Courier/ Freight/ Transportation, Shipping/ Marine sector continued to record the steepest year-over-year decline at -56%
  • Marketing & Communications professionals once again saw the least decline, registering a –10% year-over-over dip, while the Software, Hardware, Telecom roles had the least demand at -73% year-over-year

 

Top Growth Industries

 

  Lowest Growth Industries

 

Year-over-year Growth Feb

15

Feb

16

% Growth

Y-o-Y

  Year-over-year Growth Feb

15

Feb

16

% Growth

Y-o-Y

Production/Manufacturing, Automotive and Ancillary 89 80 -10%   Retail 88 54 -39%
Oil and Gas 82 68 -17%   Hospitality 117 64 -45%
Advertising, Market Research, Public Relations, Media and Entertainment 78 61 -22%   IT, Telecom/ISP and BPO/ITES 97 49 -49%
Engineering, Construction and Real Estate 92 61 -34%   Logistic, Courier/ Freight/ Transportation, Shipping/ Marine 100 44 -56%

 

Top Growth Occupations

 

  Lowest Growth Occupations

 

Year-over-year Growth Feb

15

Feb

16

% Growth

Y-o-Y

  Year-over-year Growth Feb

15

Feb

16

% Growth

Y-o-Y

Marketing & Communications 88 79 -10%   Sales & Business Development 93 55 -41%
HR & Admin 87 62 -29%   Purchase/ Logistics/ Supply Chain 91 49 -46%
Finance & Accounts 96 68 -29%   Hospitality & Travel 120 56 -53%
Engineering /Production, Real Estate 89 61 -31%   Software, Hardware, Telecom 101 27 -73%

Philippines Highlights:

  • Philippines registered a -40% annual decline in online recruitment activities in February 2016, down from -33% registered between January 2015 and 2016
  • The BFSI sector saw the steepest annual growth at 1%, while the Production/Manufacturing, Automotive and Ancillary sector saw the greatest decline at -67%
  • Online demand for Customer Service professionals reported the steepest growth at 9% year-over-year, while Hospitality & Travel professionals experienced the weakest demand at -76%

 

Top Growth Industries

 

  Lowest Growth Industries

 

Year-over-year Growth Feb

15

Feb

16

% Growth

Y-O-Y

  Year-over-year Growth Feb

15

Feb

16

% Growth

Y-O-Y

BFSI 98 99 1%   Hospitality 89 57 -36%
BPO/ITES 100 99 -1%   Advertising, Market Research, Public Relations, Media and Entertainment 110 64 -42%
IT, Telecom/ISP 105 85 -19%   Engineering, Construction and Real Estate 76 40 -47%
Education 102 81 -21%   Logistic, Courier/ Freight/ Transportation, Import/Export, Shipping 123 43 -65%
Health Care 78 60 -23%   Production/Manufacturing, Automotive and Ancillary 69 23 -67%

 

Top Growth Occupations

 

  Lowest Growth Occupations

 

Year-over-year Growth Feb

15

Feb

16

% Growth

Y-O-Y

  Year-over-year Growth Feb

15

Feb

16

% Growth

Y-O-Y

Customer Service 100 109 9%   Engineering /Production, Real Estate 73 45 -38%
Finance & Accounts 102 86 -16%   Marketing & Communications 108 55 -49%
Sales & Business Development 107 90 -16%   Purchase/ Logistics/ Supply Chain 110 55 -50%
Health Care 82 65 -21%   HR & Admin 125 54 -57%
Software, Hardware, Telecom 105 73 -30%   Hospitality & Travel 80 19 -76%

 

– Ends –

About the Monster Employment Index

The Monster Employment Index is a broad and comprehensive monthly analysis of online job posting activity in Singapore, Philippines and Malaysia conducted by Monster India. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, including Monster Singapore, Monster Philippines and Monster Malaysia, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. Monster has taken due care in compiling and processing the data available from various sources for Monster Employment Index, but does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or action / decision taken or for the results obtained from the use of such information. In the South East Asia region, Monster Employment Index was first launched in Singapore in May 2014 with data collected since January 2011 followed by Philippines and Malaysia in May 2015 with data collected since February 2014.

About Monster Worldwide

Monster Worldwide, Inc. (NYSE: MWW), parent company of Monster, the premier global online employment solution for more than a decade, strives to inspire people to improve their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 index. To learn more about Monster’s industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at http://about-monster.com/

 




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