Southeast Asia continued to show its support for tech workers in the New Year, displaying double-digit annual growth during January and February, according to the data provided by the Monster Employment Index, released by Monster.com.
A monthly gauge of online hiring activity across Singapore, Malaysia and the Philippines, the Monster Employment Index (MEI) is tracked and compiled by Monster.com. It comprises data of overall hiring activity in each country, as well as specific data in the IT and telecommunications sector.
January and February saw Malaysia lead Southeast Asia in terms of demand for IT and tech talent, at 23% and 25% year-on-year growth respectively. The Philippines saw a 7% dip between January and February’s annual growth, clocking in 10% annual growth during February.
Reporting 22% year-on-year growth in February, Singapore was up 1% from its 21% annual growth for January.
IT, Telecom/ISP and BPO/ITES Industry
The Philippines reported the highest availability of software and tech roles for the months of January and February at 15% and 10% respectively. Not far behind was Singapore, at 9% and 8% annual growth respectively for the same months.
After having reported a mere 2% year-on-year growth for January, Malaysia saw a 3% improvement in February when it recorded 5% annual growth.
Software, Hardware & Telecom Roles
“Southeast Asia continues to be a hotspot of innovative applications, churned out by tech companies based in emerging economies. Established tech companies are also looking to conquer global markets, and extend their influence to all aspects of consumers’ lives - from shopping to travel to food. As a result, there is a constant need for a steady stream of tech talent - be it web developers, programmers, engineers and analysts,” said Abhijeet Mukherjee, CEO of Monster.com – APAC and Middle East.
“The IT and tech job market is varied, diverse, and welcoming of talent of all backgrounds and expertise - as long as they bring with them robust tech skills, a passion for creating new products, and a good eye for spotting consumer trends.”