Malaysia’s recruitment market is set to see a severe shortage of software development talent as nearly all industries speed up their efforts in launching mobile applications to serve their clients, according to recruiting experts Hays in Malaysia.
This is one key finding from the latest Hays Quarterly Report, for the October to December quarter, which analyses trends of the job market in the country.
Tom Osborne, Regional Director of Hays in Malaysia, says “Candidates skilful in iOS and Android development are a rare asset in Malaysia. The strong demand for experienced professionals won’t be met in the near future.”
Companies are aware of the rising popularity of mobile applications and have started to explore mobile technologies, driving demand for developers in the candidate-short market. The trend will continue for a certain period of time.
Hays also finds that qualified mobile developers prefer to work as freelancers so that they can rake in more income by taking on several projects at the same time.
“Information technology professionals are highly sought after due to the fast expansion of IT industry worldwide”, says Tom. “We also see increasing demand for IT security professionals and those who are quicker to learn new technologies always stand out.”
In commercial sectors, software developers are also in short supply with competition for qualified talent becoming cut-throat.
Meanwhile, human resources managers are expecting a busy time this quarter as they will have to quicken the process of developing talent in line with the growth strategies of organisations.
According to the Hays Quarterly Report for October to December, demand is highest for the following skilled professionals:
· Hays Accountancy & Finance:
Tax Managers – Organisations are starting to create new tax positions with candidates specialising in direct tax, indirect tax and transfer pricing all in high demand.
Financial Planning & Analysis Managers – Financial planning & analysis managers are in high demand, particularly in the heavy manufacturing industries.
Commercial Finance Analysts – Companies need more accurate analysis on how the market is performing.
· Hays Banking & Financial Services:
Relationship Managers – Candidates having experience of cross-selling products are preferred by employers.
Credit Appraisers & Credit Structuring –Candidates with credit assessment skills will be highly sought after.
Internal Auditors – Banks need more internal auditors to ensure their operations are in check.
· Hays Finance Technology:
Cyber Security professionals – A surge in demand for cyber security professionals took place after the number of security incidents increased.
Business Intelligence/Data Warehouse Engineers – Those with project management skills are in high demand.
· Hays Human Resources:
Talent Management professionals – They are much sought after to help boost talent retention.
Human Resource Business Partners – Business partners are still in demand to develop people within the organisation.
· Hays Information Technology:
Software Developers – They are much needed to help companies develop more mobile applications.
IT/Cyber Security professionals – Organisations need security professionals to ensure a smooth running of their system.
· Hays Insurance:
Branch Managers – Fresh demand arises due to the expansion of network.
Financial Risk and Insurance Risk Managers – Those who can manage stringent mandates and guidelines vetted by regulators are in high demand.
· Hays Office Professionals:
Executive Assistants – Candidates with high level of upper management skills are highly sought after.
HR Executives professionals – Office professionals who can take over HR executive roles and assist HR departments on HR administration activities are in high demand.
· Hays Sales & Marketing:
After-sales Team Leaders – Organisations realised the importance of maintaining a loyal customer base.
Parts and Accessories Managers – who are able to develop business strategies, can design pricing structures and plan and maintain budgets, are in high demand.
· Hays Supply Chain:
Supply Chain Directors – Companies are seeking to enhance all current business processes as well as trying to align their business goals and vision.
Demand Planner Managers – It’s a highly niche area requiring extensive analysis ability and number crunching.
· Hays Procurement:
Procurement Managers – Companies are looking for high-skilled managers who can lead independently.
To read the full Hays Quarterly Report, including candidate and employer trends and future issues, please visit http://www.hays.com.my/report/index.htm
Hays is located in Kuala Lumpur at Suite 4 & 5, Level 23, Menara 3, Petronas, Kuala Lumpur City Centre. Phone +60 3 2786 8600 or email email@example.com
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 30 June 2016 the Group employed 9,214 staff operating from 252 offices in 33 countries across 20 specialisms. For the year ended 30 June 2016:
– the Group reported net fees of £810.3 million and operating profit (pre-exceptional items) of £181 million;
– the Group placed around 67,000 candidates into permanent jobs and around 220,000 people into temporary assignments;
– 22% of Group net fees were generated in Asia Pacific, 45% in Continental Europe & RoW (CERoW) and 33% in the United Kingdom & Ireland;
– the temporary placement business represented 58% of net fees and the permanent placement business represented 42% of net fees;
– Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA.