Insights on how economy will recover post-MCO

The economy is expected to get back on its feet slowly but surely. (Pixabay pic)

Malaysia is entering the recovery phase of the Covid-19 pandemic with the extension of the Movement Control Order until Aug 31. It is now the Recovery Movement Control Order (RMCO) phase.

Jobstore’s 2020 hiring survey focuses on understanding and observing the effects of the MCO on employers and employees and how both parties are responding.

Hiring plans after the MCO.

Jobstore’s Post Covid-19 Hiring Survey found that 56% of 6,682 respondents indicated they are planning to hire within three months after the MCO ends.

Some 20% of the respondents have plans to hire, but only after three months, and 22% of employers have no plans to hire. The remaining 2% have yet to decide on their hiring plans.

Hiring plans of companies of different sizes.

Companies’ hiring plans

Despite some businesses slashing their headcount, many are sticking to existing hiring plans or even stepping up recruitment, as indicated by 76% of respondents who are considering hiring new employees within six months after the MCO.

Most active industries hiring after the MCO

The data show that five sectors will be most active in taking on new staff post-MCO.

1. Headhunting and recruitment

With many Malaysians losing their jobs, headhunters and recruitment firms are well aware that there will be a huge increase in the number of people looking for employment.

2. Logistics and transport

More consumers have come to rely on online shopping during the MCO and logistics companies will be looking to manage the constant increase in shipping orders.

The demand for food and grocery delivery services will continue to grow even after the MCO.

3. E-commerce and online shopping

People have been spending much of their time indoors and on the internet during the MCO, not just for work but for leisure as well.

Online ordering systems and online shopping websites are seeing more people using buying channels to purchase goods.

To expand the capacity of online ordering systems and troubleshooting, tech specialists will be in high demand to manage digital shopping channels.

4. Software and IT industry

With the increase in remote work, more people than ever require support from digital services such as social media, mobile apps, video conferencing, websites and various digital work channels.

To operate seamlessly, the system will require the skills and expertise of developers and various IT professionals as usage surges.

5. Healthcare, medical and hospitals

Health is a priority now more than ever and as a result the healthcare sector’s need for support is increasing.

Doctors, nurses and hospital support staff have been overwhelmed by the number of patients admitted to hospital during the pandemic.

The huge influx means administrative tasks, such as managing patients, updating records and coordinating with insurance companies, will increase.

Jobs most in demand after the MCO

Based on which industries will be hiring most actively as the economy reopens in the coming months, the chart below shows which jobs will be most in demand.

10 jobs most in demand after the MCO.

Every industry faces challenges in the post-MCO recovery period. Progress will be gradual, beginning with a single shift before moving into full business capacity.

Staff sizes and output will see a significant reduction. The focus of many industries will be on workplace health and safety, from conducting temperature checks to requiring employees wear face masks at all times.

For more insights on the survey, check out Jobstore’s free Post-Covid-19 Hiring Survey Report.

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