Southeast Asia proved to be enthusiastic about online demand for tech executives, as evidenced by the positive year-on-year growth this August.
The Philippines clearly outshone its peers when it came to the abundance of software and telecom jobs, reporting a noteworthy 22% annual growth for August. In contrast, Malaysia did not display satisfactory results, suffering a year-on-year decline of 5%.
These findings are the result of the latest Monster Employment Index (MEI), a monthly gauge of online hiring activity across Singapore, Malaysia and the Philippines tracked by Monster.com.
It comprises data of overall hiring activity in each country, as well as specific data in the IT and Telecom sector.
The Philippines saw an improvement in terms of annual growth in the IT and Telecom sector for August, reporting at 6% a 4% increase from July’s year-on-year growth of 2%. Singapore and Malaysia both clocked in double-digit annual growth of 11% during August.
Malaysia has recorded the same figure for July, however, Singapore experienced a decline in growth rate by 3% from July’s annual growth of 14%.
“As emerging economies blossom and the population becomes increasingly tech-savvy, information technology and software industry prospers. This entire region is home to so much innovation – there are plenty of e-commerce companies, applications and software being churned out by the talent residing here,” said Abhijeet Mukherjee, CEO of Monster.com – APAC and Middle East.
“The boom in the IT sector has created many job opportunities for individuals with special skills. We welcome this positive change and strive to establish the region as a bonafide technological hub.”