5 rising sectors in Malaysia that want your CV
Malaysia has set ambitious goals to improve labour productivity rates to achieve developed nation status by 2020. And all signs show that the country is on track to getting there. According to the latest Monster Employment Index (MEI) in Malaysia, 2017 ended with a 2% year-on-year growth in December. As a result, certain industries show an increase in hiring and demand for talent. Here is a closer look at what’s driving hiring activity in these sectors and what that means for your job search.
With a new direction to produce high-value, diverse and complex products, Malaysia’s manufacturing sector are critical to the economy. In 2017, the sector grew 4.8% thanks to a new wave of business and investment opportunities.
From electrical and electronic products to food and beverage, manufacturing in Malaysia offers opportunities for a variety of backgrounds. Furthermore, with the adoption of automation and smart manufacturing technologies being introduced, it is an evolving and exciting sector to grow your career.
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2) Mining and quarrying
The mining and quarrying sector has played a significant role in Malaysia’s economy for a long time. With a 3.5% increase in productivity and abundant reserves of natural resources, such as limestone and granite, this isn’t going to change anytime soon.
The sector demands not only geologists and geoscientists but is also in need of qualified engineers. If you have the ability to work in multidisciplinary teams with scientists, are able to analyze geographical data and have excellent communication skills, then it’s time to get your CV in now.
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If you are considering a career in the construction industry, you will find a plethora of roles and opportunities for career development. With employment rising 4.3% in the last quarter of 2017, the value of the industry grew by 5.8% in the same period, according to the Department of Statistics Malaysia.
As for the key roles, architects, civil engineers and project managers are in high demand. With several RM350 billion construction projects expected to kick off in the next two or three years in Malaysia, individuals with these skills will remain highly sought after.
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According to the Department of Statistics Malaysia, the agriculture sector recorded the strongest growth in productivity with 4.8% in the final quarter of 2017, adding 10.7% of value to the entire industry.
While food production remains a key source of jobs -- we’re increasingly seeing the creation of new jobs thanks to evolving agricultural technologies in this field.
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5) Services sector
The service sector provides 3.6 million jobs to Malaysians mainly comprising high-income work in industries such as finance, e-commerce, ICT, healthcare R&D and professional services.
Generating RM638.8 billion in 2017, the service sector is expected to grow 5.5% this year, further contributing to Malaysia’s economic expansion. Within this sector, we’re seeing a boom in hiring across fast growing industries like tourism and telecommunications -- so, if that’s where your passion lies, now’s a good time to send your CV in.
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