fbpx
Connect with us

News

M’sian Fresh Grads Will Find it Even Harder to Get Jobs in 2018, Here’s What Experts Say

Published

M'Sian Fresh Grads Will Find It Even Harder To Get Jobs In 2018, Here'S What Experts Say - World Of Buzz 4
Source: Straits Times

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Oh dear, fresh grads. We’ve got bad news for you. That’s because experts have predicted that the Malaysian job market in 2018 will be looking rather bleak for you guys.

To sum it up, here’s what they said you’ll most likely face in the coming year.

 

1. It will be especially difficult for fresh grads with no job experience to look for a job in 2018

According to FMT, it’s going to be hard for those who have no job experience at all to look for a job next year, especially if you want a well-paying job. Don’t we all? However, it’s not all bad as fresh grads with IT skills will still be in demand. Time to learn some new skills!

 

2. Higher operating cost is one of the main reasons there are lesser job vacancies

Among the reasons for this trend is the additional operating costs that employers will have to bear such as the new Employment Insurance Scheme (EIS) and the 90-day maternity leave for private sector employees when 2018 comes.

Malaysian Employers Federation (MEF) director Shamsuddin Bardan said that employers would be wary about creating new positions because of this and hapless fresh graduates would have to settle for low-paying jobs or look for other jobs such as driving for ride-hailing services.

He added, “You can expect companies to restructure next year due to the additional costs. Local companies will also be feeling the pinch of strict supply chain policies where companies must now comply with international conventions and protocols on foreign workers and provide improved accommodation, wages and other benefits. I advise those thinking of jumping ship to think twice next year.”

 

3. However, there may be about 100,000 vacancies opening up in 2018

There’s still a tiny silver lining though, as Shamsuddin says that there are 100,000 employees who will be retiring next year as they turn 60. “This is the first batch who were supposed to retire in 2013, but due to the five-year extension, they will retire next year. This will give jobs to about 100,000 fresh graduates,” he explained.

 

4. Fresh grads with these skills will be highly sought after

Yeah Kim Leng, a professor at Sunway University Business School agreed that individuals with good IT skills would be highly sought after, especially in areas such as artificial intelligence and e-commerce as well as the “gig” economy, whereby independent contractors and freelancers are hired (instead of full-time staff) and compensated based on each project they complete.

 

5. Other industries with low vacancies include banking, electronics and construction

M'sian Fresh Grads Will Find It Even Harder To Get Jobs In 2018, Here's What Experts Say - World Of Buzz 1

Source: today online

Another expert, Hoo Ke Ping, the author of several books on international economics, weighed in on this issue and said that the public sector, the banking industry and a few private sectors would not have as many vacancies. Meanwhile, the construction, electronics and similar-related sectors such as transport and cement and steel production would slow down as well.

 

6. Alternative job options such as running food trucks and online businesses will be popular due to easy loans 

Since Prime Minister Najib Razak declared that there will be RM120 million worth of easy loans to be given to 1,000 1Malaysia food trucks (FT1M) during the Budget 2018 announcement, Hoo forecasted that many fresh grads would take up this offer to run a food truck instead. So, more yummy food? He added, “Many youngsters will also go into online delivery as more people shop online.”

 

Uh-oh, guess it’s time to brush up on those IT skills, y’all!

 

Also read: This Alarming Trend of How Malaysians are Applying for Jobs Needs to STOP

Malaysians Are Getting Furious Over The Way Netizens Apply For Jobs - World Of Buzz 7

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Feat Image Jellyfish Sabah Feat Image Jellyfish Sabah
News6 hours ago

Water Turns Red at Sabah Beach as Tens of Thousands of Jellyfish Wash Ashore in Strange Phenomenon

A strange phenomenon in Sabah has piqued the interest of Malaysians recently after photos and videos of the occurrence went...

Collage 5 9 Collage 5 9
News7 hours ago

“Stand down, you’ve made your point” – KJ Reminds Politician Who’s Criticising KK Mart Over Allah Socks Issue

“Stand down, Akmal. You’ve made your point, you’ve done well, but it’s time to stand your guys down.” In his...

My Post 1 2024 03 27T182644.900 My Post 1 2024 03 27T182644.900
News1 day ago

Anwar Ibrahim Urges Public to Stop Being Judge, Jury & Executioner Over ‘Allah’ Socks Issue

Prime Minister Datuk Seri Anwar Ibrahim has asked all parties not to prolong the issue of the socks with the...

My Post 1 2024 03 27T170635.860 My Post 1 2024 03 27T170635.860
News1 day ago

KKM Takes Action Against Ramadan Bazaar Vendor After Rag Was Found Inside Murtabak

With Ramadan bazaar vendors doing everything they can to put themselves ahead of the stiff competition they’re facing against other...

Feat Image Padu T20 Feat Image Padu T20
News1 day ago

Economy Ministry: T20 M’sians May Still Get Targeted Subsidies, But Only If They Register for PADU

With registration for the Central Database Hub (PADU) due in just 4 days, the Economy Ministry is now ramping up...

Collage 80 Collage 80
News1 day ago

2 JB Men Get Caught by Religious Dept for Skipping Fast & Eating Publicly, Say They’re Tired from Work

With about 2 weeks left for Ramadhan, many Muslim friends who are currently fasting must be excited for Raya which...

Feat Image Underwater Cleanup Feat Image Underwater Cleanup
News1 day ago

M’sians Band Together to Clean Up a Whopping 12.1 Tonnes of Trash from Sabah Ocean Floor

A whopping 12.1 tonnes of waste were collected from the ocean floor at 3 locations in Sabah recently thanks to...

Collage 2 8 Collage 2 8
News2 days ago

“Raya is in 2 weeks!”- PMX Wants Lower Rentals for Ramadhan Bazaar Vendors, M’sians Say it’s Too Late

The Ramadhan Bazaars in Malaysia are known for the myriads of food but unfortunately, the food markets often go viral...

Announcement

Latest Videos



TRENDING TODAY