SE Asia’s booming tech sector drives demand for IT pros

Online hiring across Singapore and the Philippines’ IT sector witnessed continuous growth in July 2016, as employers push to hire talent in this space.

The demand for Hardware, Software and Telecom professionals have also seen growth in these markets. Malaysia is the only market that registered a decline in activity for IT professionals in July.

This is according to the Monster Employment Index (MEI), a monthly gauge of online job hiring activity by Monster.com. The Index records the industries and occupations that show the highest and lowest growth in online recruitment activity, including data from the IT sectors.

Singapore remains in the lead of the three SEA markets, with a 14% year-on-year growth in hiring activities in the IT, Telecom/ ISP and BPO/ITES industry. This sector also takes lead across all industry sectors in Singapore in July.

The Philippines reported a 9% annual growth in the same space, jumping up from the 4% reported between June 2015 and 2016.

Malaysia continued to report the steepest annual decline at -29% year-over-year in July 2016, falling further from the -5% reported between June 2015 and 2016.

When looking specifically at the online recruitment of Software, Hardware and Telecom professionals, Malaysia reported -48% year-over-year decline in July 2016 – once again the only market to register a decline.

The role remains the worst performing occupational group in the market in July.

The Philippines reported the steepest growth among the three markets, at 23% year-over-year. This is a slight increase from 22% year-over-year reported in June.

Singapore has also seen marginal growth, reporting a 12% year-on-year increase in the demand for these professionals.

“We’re seeing an increase in IT-related job ads across multiple industries, not just the IT sectors, seeking qualified candidates. This alone shows how businesses are recognizing the need for such expertise in the workforce, in order to stay competitive in the business marketplace,” said Sanjay Modi, Managing Director, Monster.com – APAC and Middle East.

“This is a trend that is here to stay, and with government pouring investment into tech innovation in the region, we’re likely going to continue to see sustained growth in demand in the months ahead.”

The MEI is a monthly gauge of online job posting activity, based on a real-time review of millions of employer job opportunities culled from a large representative selection of career websites and online job listings. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.