Online recruitment activity in the Oil and Gas sector remained positive throughout 2018, up 8 per cent year-on-year in December, according to the Monster Employment Index (MEI).
increase font size
Online recruitment activity in the Oil and Gas sector remained positive throughout 2018, up 8 per cent year-on-year in December, according to the Monster Employment Index (MEI).
It also marks 21 consecutive months of year-on-year growth for the industry since April 2017.
Monster.com’s chief executive officer for the Asia Pacific and Middle East, Abhijeet Mukherjee, said despite the sector’s volatility, as the year ended analysts were optimistic about the stabilisation of crude oil prices in 2019, forecasting an increase in both upstream and downstream activities.
The IT, Telecom/ISP and BPO/ITES witnessed the steepest year-on-year growth among industry sectors for the sixth consecutive month, recording another double-digit growth, up 18 per cent in December.
“With changes in global energy markets, innovation and technology will continue to play a critical role as companies seek to meet growing energy needs sustainably. It’s not surprising that we see new roles being created in the oil and gas industry.
“The focus on automation and smart technologies means companies will need to keep innovating to remain agile and competitive, creating demand for talent with the technical skills and creative outlook to learn emerging technologies and develop new ones,” he said.
The Logistic, Courier/Freight/Transportation, Shipping/Marine as well as Production/Manufacturing, Automotive and Ancillary industry both saw an uptrend in e-recruitment activity for the first time since August 2018, up 7 per cent and 1 per cent year-on-year respectively.
Among occupation categories, Hospitality & Travel professionals registered the most notable growth in the series, up a steep 44 per cent year-on-year in December.
In the short-term as well, the job-role indicated positive growth, up 37 per cent month-on-month and 6 per cent on a six-month basis.
However, overall Malaysia has registered a 3 per cent year-on-year decline in online recruitment activity in December.
Online hiring in the Banking, Financial Services and Insurance (BFSI) industry was on a downtrend throughout 2018, registering a decline of -12 per cent year-on-year in December.
Demand for Finance & Accounts job roles also recorded a drop of -13% year-on-year.
After leading in hiring demand for two months, Customer Service professionals witnessed the steepest decline amongst job roles in December, down -29 per cent year-on-year.
“Companies will increasingly explore new ways to attract and retain millennial talent, rebranding themselves and introducing a more collaborative and digital culture,” he added.
The Monster Employment Index (MEI) is a gauge of online job posting activity compiled monthly by Monster.com. It records the industries and occupations that show the highest and lowest growth in recruitment activity locally.