Jobstore Malaysia released a Salary Guide 2023 E-book recently. Jobstore is the largest job distribution and job search site in Malaysia, Australia, Hong Kong, Singapore, the Philippines, and Indonesia, among other countries.
They refuse to settle and will continue to explore new frontiers across all developing internet platforms, where they are trusted by eight million consumers. Jobstore seeks to gather fresh insights and knowledge of the job market in order to assist not only businesses in filling their openings but also job-seekers in securing positions that fit their abilities.
Jobstore believes that everyone can and should enjoy their employment. And Jobstore is the place to discover your calling.
To help you on your journey, here are the key learnings from their Ebook organised by industry:
Since the beginning of the pandemic, the Information and Technology (IT) industry has continued to see tremendous growth. It is one of the most rapidly expanding industries in the Malaysian market to date.
GlobalData Market Opportunities Forecasts predicts that by 2023, IT spending in Malaysia would reach RM103.75 billion. Ministry of International Trade and Industry‘s (MITI) National Policy on Industry Revolution 4.0 (Industry4WRD) will play a crucial role in boosting digitization across all industries.
Businesses are reorienting their operations to offer remote capabilities, which are no longer limited by boundaries and time zone disparities.
Banking and financial services:
As a result of Movement Control Order (MCO), there was an increase in online transactions. As a result, there is a rise in demand in the cybersecurity industry to facilitate secure and efficient transactions over the Internet. Data breaches remain a serious concern for banks to this day.
In 2022 alone, the number of online occurrences increased by 86.1%. As data on bank clients becomes more available, financial institutions must bolster their defences against cyberattacks, mitigate, and reduce risks.
Manufacturing and Engineering:
Every time a crisis occurs, there will be areas and possibilities for improvement. Engineering has always been the driving factor behind reviving the economy.
And during the Covid-19 pandemic, engineers played a crucial role in assisting with economic recovery. Engineers may be chemical, computer, mechanical, electrical, or optical.
The demand for therapeutics and vaccines risen dramatically during the previous year. Engineers were given a monumental task in order to meet the demands, particularly in the industrial sector.
Finance and Accounting & Pharmaceutical and Biotechnology:
Bank Negara Malaysia (BNM) recently reported that Malaysia’s Gross Domestic Product (GDP) in the second quarter climbed 16.1% year-over-year while declining 2.0% quarter-over-quarter.
As the Covid-19 pandemic continues to disrupt the Malaysian economy, this is reasonable. The economy is recovering, albeit at a slower rate, as a result of the MCO’s reinstatement.
As a result, the sector will require innovative tactics to survive. The focus will now be on incorporating artificial intelligence (AI) into commercial processes.
Human Resources and Administrative:
It is an understatement to say that Human Resources (HR) shifted into a frenzy. Lockdowns enacted in response to the Covid-19 pandemic caused a huge change in the workforce.
HR plays a major part in the transformation of organisations’ workforces. As the epidemic spread like wildfire, the dramatic shifts were as abrupt as influenza’s rapid expansion. With a phenomenal growth in remote work, HR had a significant role in ensuring that firms functioned successfully.
While the pandemic continues to be a worldwide concern, we observe a shift in the workforce. In the early years, the rate of job losses was worrisome. As the Malaysian government imposed stronger measures to combat the escalation of infectious diseases, remote employment became mandatory.
Property and Construction:
2022 was an exceptional year for the real estate and construction industries. While labour constraints and rising building prices remain, the sector is challenged to be adaptable and creative.
The pandemic has altered the industry’s business process management. In an effort to reduce mistakes and waste, a number of sectors are seeking more efficient company operations. As the economy improves, the property and construction industries are following a similar trajectory.
Covid-19 altered the trend of employing employees, the landscape of securing and concluding projects, and even the deployment of new technology on construction sites.
Sales and Marketing:
To increase sales success, marketers are gradually shifting from conventional to digital channels via digitalisation. During the Covid-19 season, sales and marketing sectors are accelerating in the digital domain, similar to other businesses. Retailers found creative and new ways to display their merchandise.
By utilising virtual reality, shops provide customers with an engaging experience. It enables users to view services and goods from the convenience of their own homes. Therefore, eliminating the restrictions of shopping within store hours.
Supply chain and Logistics:
It has been an unprecedented period for a variety of businesses, including logistics and supply chains. During the epidemic, a break in the clouds occurred as the utilisation of warehouses increased.
Despite interruptions, e-commerce has been the industry’s primary growth driver. Due to the backlog of orders across several industries, logistics and fulfillment facilities have reported increased activity.
In the bulk of warehouse areas, raw materials and retail goods are stored. Covid-19 has indirectly accelerated the expansion of e-commerce enterprises, particularly in the warehouse and logistics sectors.
To download the full E-Book, click here.
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