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Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
Pikom ict job market outlook 2013
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Pikom ict job market outlook 2013

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Pikom 2013 ICT Job Market Outlook Report- Slides

Pikom 2013 ICT Job Market Outlook Report- Slides

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  • 1. ICT Job Market Outlook in Malaysia June 2013 Woon Tai Hai
  • 2. In collaboration with Collaborative Approach
  • 3. 1. Average salary comparisons trend between 2011 and 2012 at o job category level; o by industry level; 2. Demographic benchmarking o Years of working experience; o Employment size; o Geographical location; o Gender 3. Regional benchmarking o Atlas criterion versus purchasing power parity (PPP) o IT skills / speciality o Company size o Years of experience 4. Top specialization sought trend from 2009 to 2012 5. Position level sought 6. Three feature articles o Big three challenges to HR growth agenda; o Assessing talents: Performance versus potential o Producing IT talents: Boutique university strategy Report Content
  • 4. Economic Outlook Strong Economic Fundamentals 1. Strong domestic demand; 2. Increased export earnings; 3. Stable overnight lending rates; 4. Stable public and private consumption ; 5. Low inflation rates; 6. Low unemployment rates; 7. Stimulating ICT / ICTS growths; 8. 60% inclined to Asian export earnings 9. Post GE election stability Economic challenges 1. Risk aversion by potential investors; 2. Momentum of ETP ; 3. Reducing fiscal deficit; 4. Fluctuating commodity based earnings; 5. Capital flight arising from erratic foreign exchange fluctuations; 6. Poor quality workforce; 7. Over dependent on unskilled foreign workers; 8. Political factors GDP 2012 : 5.2%; GDP 2013 : 5.5%, despite 4.1% in Q12013
  • 5. ICT Outlook Potential Growth Areas 1. Big data analytics – culling out business insights and intelligence 2. Cloud computing – even applicable to SME with reduced cost and maintenance; 3. Mobile device – stimulates anytime and anywhere for consumerization of IT 4. Social media - advent of social business; ICT Challenges 1. Declining supply of graduates, 2. Quality of graduates entering workforce, 3. Inadequate professionals pursuing further accreditation such as CMMI, PMI 4. Still lack strong R&D, patenting and commercialization culture, despite Government incentives and facilities ICT Spending expected to hit RM 61.7 billion in 2013, largely driven by services sector.
  • 6. PoliticalTransformationPogramme(PTP) RuralTransformationProgramme(RTP) ICT Sector Projected to grow at 10-12% in 2013 One Malaysia Economic Transformation Programme (ETP) Government Transformation Programme (GTP) Digital Transformation Programme (DTP) Iskandar Malaysia Northern Corridor Economic Region (NCER) East Coast Economic Region (ECER) Sabah Development Corridor (SDC) Sarawak Renewable Energy (SCORE) Mega projects : Kajang – Sg. Buluh Mass Rapid Transit (MRT) VISION2020 Transformation projects
  • 7. Average monthly salary of ICT Professionals Salary increase in 2012: 8.7% from RM6240 to RM6784; Projected growth in 2013: 8.9% to RM7,387
  • 8. Average monthly salary by Job Category Gap is widening between lower and higher job categories when benchmarked against fresh graduates who typically get lower increments in comparison to their counterparts in higher categories
  • 9. Like oil and gas, the ICT Sector continues to be one of the top- paying industries at senior and junior levels Top Five Paying Industries
  • 10. There is no significant difference in average salary between ICT producer and ICT user industries, except in middle management showing 10% difference Salary differential between ICT User and producer industries
  • 11. Those in IT Managerial category tend to earn much more than in engineering / technical lines; Senior IT Engineer net 46% higher salary than Junior IT Salary differential by job functions
  • 12. Typically, ICT professionals with more than 20 years experience earn 5.22 times more than those with less than 1 year, followed by 3.39 times between 10 to 19 years Salary differential by years of experience
  • 13. Company size matters, whereby big companies with employment size more than 2000 can pay 1.88 times than SME category (less than 50 persons employment cut-off) Salary differential by employment size
  • 14. Location also matters; on an average ICT professionals in KL earn 1.75 higher salary than those work in Ipoh, which is considered lowest paying location in Malaysia Salary differential by geographical location
  • 15. Male ICT professionals earn 35% more than typical income earned by their female counterparts, though Malaysia does not condone to any gender discriminatory practices; the differential may be due to positions held and years of working experiences Salary differential by gender
  • 16. Hot ICT Jobs 1. Hot ICT jobs still remain very much similar to recent years; however, predicted fast growing demand for big data analytics requiring inter-disciplinary skills on IT, numeracy, statistical and business intelligence skills; 2. Quality and process improvement skills also poised to fetch higher demand in the near future;
  • 17. PPP adjusted data showed, Singapore pays 1.84 times higher compared to 2.26 time when living costs, inflation and exchange rate fluctuations are not taken into consideration; Australia 1.90 times compared to 3.76; Thailand, China and Vietnam paying better remuneration; by 2018 the salary gap is likely to leveled up among booming Asian economies – Singapore, HK, China and Vietnam Regional benchmarking
  • 18. Regional benchmarking: IT Skill, Company size and years of experience Countries like Indonesia, Philippines and India paying much lower salary for ICT professionals when IT skills or company size or experiences based salaries are compared; Hong Kong, China, Singapore , Vietnam and Thailand are continuing as centers of attractions for talent migration in Asia;
  • 19. Job sentiment index Job sentiment index still remain high, indeed got better when JECI moved up from 48.8 in 2012 to 49.1 in Q12013
  • 20. Job hiring index still also moved up from 2.62 to 2.96 in Q12013 Job hiring index
  • 21. Top 10 specializations employers seek Sales and marketing still rank 1 and 2 among top 10 specializations employers seek
  • 22. Overall Job Demand in last 5 years The 5 year trend showed that sales, market and business development still remain highly sought after jobs.
  • 23. Position level sought 52% of jobs sought fell in the junior level category, followed by 24% supervisory level and 13% fresh graduates category
  • 24. Feature articles: highlights
  • 25. Thank You

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