Malaysia sees 233% rise in job roles in 2021, but at lower pay scales
The number of new job roles registered in Malaysia’s official employment services portal went up last year as economic activity gathered pace after the COVID-19 lockdowns, but the highest increase in growth stemmed from roles that only offered wages of RM2,000 (US$474) or less.
Job vacancies registered on the MyFutureJobs portal grew by 232.8% to 2,480,577 openings in 2021 compared to 745,304 in 2020, highlighted the Social Security Organisation’s (Socso) Employment Insurance System report.
The largest growth in job vacancies last year was for roles in the RM1,200 (US$284) -RM2,000 salary range, which contributed to 57.6% of the 2.48 million vacancies posted on the jobs site.
In contrast, the bulk, or 60% of the job postings in 2020 fell within a higher salary range of RM2,001-RM3,000 (US$474-US$711).
Sector-wise, the manufacturing industry recorded the highest share of vacancies posted in 2021, at 603,216 openings, followed by accommodation and food and beverage with 323,624 vacancies, and wholesale with 249,744 positions.