: Malaysia’s job market is now stabilising, with median salaries across most sectors reporting no substantial changes from the previous year, said online employment platform, JobStreet.
JobStreet Malaysia managing director Vic Sithasanan said Malaysia’s heightened focus on digital transformation initiatives, spurred by the government’s ongoing push in this area, was likely the reason for the surge in demand for IT professionals. While median salary levels were consistent year-on-year , the rising cost of living remained a concern, thus there was an increased focus on salaries among today’s jobseekers, said Sithanasan .
Meanwhile, JobStreet said despite a lower number of computer and IT jobs advertised, compensation for entry-level, senior executive and manager-level positions all recorded y-o-y increases, highlighting the strong demand for entry-level IT professionals and driving up salaries. The manufacturing industry is also experiencing some growth, posting the highest number of job ads for the second consecutive year in 2023, in line with the industry’s steady, ongoing expansion, although salaries offered were mostly unchanged.