PETALING JAYA: Malaysian jobseekers are finding it difficult to find work, as employers are being more selective in hiring compared with a few years ago.
This was the finding of jobsite SkootJobs.com through a recent survey it conducted involving 1,700 jobseekers.
The survey showed that 80.6 per cent of respondents found landing a job a challenge, with 35.3 per cent of those saying it was very difficult to get a job.
Only 3.5 per cent of respondents found it easy or very easy to get a job in Malaysia.
SkootJobs.com Chief Executive Officer Asim Qureshi said the survey indicated that the job market was pretty tough at the moment.
He said it was surprising that only 3.5 per cent of jobseekers found it easy or very easy to get a job as Malaysia’s job market had traditionally been a “huge merry-go-round” where employers struggled with staff turnover.
“I see that employers are being way more selective when hiring than a few years ago,” he said in a statement.
PayrollPanda.my Chief Operating Officer Toine Vaessen said it was not good that jobseekers were struggling, but noted that it made Malaysia attractive for employers, compared with neighbouring countries.
“We’ve got a multilingual and increasingly educated workforce and right now, frankly, it’s easy to get great talent in Malaysia.
“Given the importance of getting the right team for your business, I feel many businesses are positioning themselves now for when the market picks up.”
According to the statement, Malaysia’s low unemployment rate has been hovering around 3.4 per cent in 2016, the highest since 2009, when it was hovering around 3 per cent.
Despite the challenges in landing a job, the jobseekers felt that Malaysia’s long-term economic and political prospects were good, with 70.3 per cent respondents believing it was okay or good or very good.
Only 27 per cent felt the economic and political prospects were bad or very bad.
Gross domestic product growth in Malaysia stands at 4 per cent after five consecutive quarters of decline since a peak growth of 6.5 per cent in the first quarter of 2014.