PETALING JAYA: While the overall online hiring scene of Malaysia registered a negative growth for the eighth consecutive month, declining by 11% year-on-year (y-o-y) in October, the oil and gas sector showed no sign of slowing down, according to the Monster Employment Index (MEI).
The index noted that the banking, financial services and insurance (BFSI) recorded the steepest plunge of 16% in October, while the retail industry declined 14%.
The online recruitment for the oil and gas industry, which grew 13% in October, showed no signs of slowing down as the sector continued its growth pattern for 19 consecutive months.
“The oil and gas industry has had a tough couple of years, and the recovery and stabilization of oil prices has paved the way for new investments and operations. ‘Smart drilling’ will be key in the future of the oil and gas industry, with business strategies linked inseparably to technology,” said Monster.com CEO Abhijeet Mukherjee (APAC and Middle East).
Besides oil and gas, another industry which registered positive growth and led the online recruitment activity in October was the information technology, telecom/internet service provider and business process outsourcing/information technology enabled services sector.
After five months of being in the forefront among occupation groups, the demand for hospitality and travel professionals saw the steepest decline of 26% in October.
Customer service role, however, saw the most-notable annual growth among occupation categories with a rise of 25%, the first positive sign since February 2018.
