The recruitment industry in Malaysia has experienced significant growth and success in recent years, with various factors contributing to its success. In this article, we will delve into key statistics from 2022, including GDP and employment, factors contributing to the industry's growth and success, including government initiatives, each industry's growth and comparison to previous years, key trends, including technological disruptions, challenges, and future outlook.
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SPENCER OGDEN
709
+65 3163 5000
As global recruitment experts in energy and infrastructure we are continuously working to create careers to power a sustainable future for our clients and candidates. It’s our mission to create a dynamic and sustainable legacy in the ever-changing landscapes we cover. With technology at the heart of the process, from financing to operational execution, we break new ground at every stage of the project life cycle. With offices in EMEA, APAC and the Americas, we are at the heart of industry growth, keeping pace with changing technologies and building strong, long-lasting relationships along the way. Our consultants are experts across renewable energy, power and utilities, built environment and oil and gas, leading the market when it comes to placing talent where it’s needed.
ARGYLL SCOTT
154
+65 6797 8365
At Argyll Scott, we enable people to live healthier, happier, more fulfilling and more successful lives in a rapidly changing world. We do this every day by giving people the tools they need to thrive. We know what works for one person, or business, won’t suit another. Our purpose will ensure that the people we work with are able to thrive, at work and in life. We think this is a big idea that can make life better for our candidates and clients and all people we work with. Argyll Scott will help people feel good about themselves and their priorities and help them to understand what success looks like for them, providing clarity and confidence in a changing world. Argyll Scott is a global award winning, market-leading, specialist Operating within a portfolio of brands from offices across nine countries, we support the world’s leading businesses by recruiting the brightest talent. Our specialist teams of around 300 staff know their markets inside out. Last year we enabled the careers of nearly 2,000 people by finding their next permanent move or contracting opportunity, helping them to thrive in our changing world.
HYDROGEN GROUP
497
+65 6797 8365
At Hydrogen Group, we enable people to live healthier, happier, more fulfilling and more successful lives in a rapidly changing world. We do this every day by giving people the tools they need to thrive. We know what works for one person, or business, won’t suit another, but if we can truly understand what type of people will thrive in your business, or what you need to Thrive in your own role, we’ll help you find that person or organisation to help you do just that. Our purpose will ensure that the people we work with are able to thrive, at work and in life. We think this is a big idea that can make life better for our candidates and clients and all people. Hydrogen and Argyll Scott will help people feel good about themselves and help them to understand what success looks like for them, providing clarity and confidence in a changing world. Hydrogen Group is a global award winning, market-leading, specialist recruitment group. Operating a portfolio of brands from offices across nine countries, we support the world’s leading businesses by recruiting the brightest talent. Our specialist teams of around 300 staff know their markets inside out. Last year we enabled the careers of nearly 2,000 people by finding their next permanent move or contracting opportunity, helping them to thrive in our changing world.
THE GMP GROUP SINGAPORE
0
+65 6736 2022
Founded in 1991, The GMP Group is one of the largest staffing and human resource consultancies in Singapore. Our business is in shaping destinies. As a total solutions provider, our aim is to help fulfil the aspirations of individuals and create new possibilities for our partners as a strategic global partner in people solutions. GMP’s service is all-encompassing, with our specialised business units offering their own distinct services to cater to the clients’ niche. The six specialist divisions are: GMP Recruitment GMP Recruitment specialises in staffing services for junior to mid-management positions in all industry sectors which include:HR & AdminSales & Supply ChainCustomer Service & MarcomRetail and F&BFinanceIndustrial ServicesGMP Banking GMP Banking is dedicated to recruitment for banks, stock-broking firms, insurance and fund management companies.GMP Technologies GMP Technologies focuses on IT, Engineering, Healthcare and Life Sciences positions.GMP International GMP International is a premier recruiter for foreign workers worldwide.GMP Consultancy GMP Consultancy offers outsourcing services and HR consultancy to employers on organisational development issues. It is also a career management centre for working adults and students.With our global network and specialist divisions to provide industry-specific HR solutions, we truly offer “one-stop” solutions to clients. Today, GMP is headquartered in Singapore with offices in China, Hong Kong, Malaysia and Thailand. The group’s extensive network and comprehensive services affirm GMP’s role as one of the most dynamic staffing professionals in the region.
GLOBAL SAGE
130
+65 6221 7933
Global Sage is a global, retained executive search firm. Our sole focus is serving leading clients in the financial services and commodities industries. With our 20-year history, we operate from ten key locations around the world. Our unique approach combines the best of a boutique executive search practice with the capabilities and resources of a large global firm. We are consistently ranked as a global leader, receiving either a No. 1 or No. 2 ranking from 2001 to 2013 from major international publications.
MANPOWER SINGAPORE
281
+65 6232 8811
Manpower® is the global leader in contingent and permanent recruitment workforce solutions. It is part of ManpowerGroup, the world leader in innovative workforce solutions, which creates and delivers high-impact solutions that enable clients to achieve their business goals and enhance their competitiveness.2021 HR Vendors of the Year AwardsGOLD: Best Staffing Recruitment Firm (ManpowerGroup Singapore)GOLD: Best Mid-Management Recruitment Firm (ManpowerGroup Singapore)GOLD: Best Executive Search Firm (ManpowerGroup Singapore) GOLD: Best Recruitment Portal (Manpower Singapore) 2020 OVERALL WINNER: Best Overall Recruitment Firm2020 Asia Recruitment AwardsRecruitment Agency of the Year (>50 employees) - GOLDBest Recruitment Portal by a Recruitment Solution Provider - GOLDHR Vendors of the Year Awards 2018Best Overall Recruitment FirmBest Recruitment Firm (Non-Mgt Role below USD$4K pm) - GOLDBest Recruitment Firm (Snr-Mgt Role above USD$10K pm) - GOLDBest Recruitment Portal - GOLDAsia Recruitment Awards 2018Recruitment Agency of the Year - GOLDBest Job Portal by a Recruitment Solution Provider - BRONZE HR Vendors of the Year Awards 2017Best Overall Recruitment FirmBest Recruitment Firm (Non-Mgt Role below USD$4K pm) - GOLDBest Recruitment Firm (Snr-Mgt Role above USD$10K pm) - GOLDBest Recruitment Firm (Mid-Mgt Role USD$4K - USD$10K pm) - SILVERBest Recruitment Portal - BRONZEAsia Recruitment Awards 2017Best Recruitment Agency - GOLDHR Vendors Of The Year Awards 2016Best Overall Recruitment FirmBest Recruitment Firm (Snr-Mgt Role above USD$10K pm) - GOLDBest Recruitment Firm (Non-Mgt Role below USD$4K pm) - SILVERHR Vendors Of The Year Awards 2015Best Recruitment Firm (Non-Mgt Role below USD$4K pm) - SILVERManpower Staffing Services (S) Pte Ltd1 Wallich Street #09-02 Guoco TowerSingapore 078881Tel: 6232 8811Fax: 6232 8804Reg No.: 199505951HEA License No.: 02C3423
MORGAN MCKINLEY
1,320
+65 6818 3188
Morgan McKinley is a global talent services expert, offering the full spectrum of solutions to meet employers’ and jobseekers’ needs. Morgan McKinley is part of Org, a more human kind of professional services company that harnesses the power of talent to bring better business outcomes for clients across the world through advisory, managed services and talent services.Founded in 1988, we are located in key financial centres across the world, with 19 offices in 10 countries (Ireland, UK, Australia, Canada, Mainland China, Hong Kong SAR, Singapore, Japan, India and Philippines) and nearly 1,000 employees. Our global head office is located in Cork, Ireland.Morgan McKinley provides three distinct solutions for our customers:Recruitment Solutions encompassing deep expertise across 10 professional disciplines offering temporary, contract and permanent recruitment; Executive Search for targeted C-Suite talent searches; Talent Solutions including RPO, MSP, Project Recruitment and more.Let us help you Go Beyond.Our commitments...Wherever we do business, we always put down local roots and engage with the community through CSR projects and charitable work. We have a multinational and multicultural team, and as a result, you will find a vibrant and welcoming atmosphere in any of our offices.
ADECCO
69,725
+65 6835 3400
Perfect placements. Speedy staffing. Tenacious testing. Who’s Adecco, we hear you ask? Only the top provider of first-class HR solutions. Our consultants work with some of the best, and most exciting, companies all over the world. We equip our clients with priceless industry insight and put everything we’ve got into training and mentoring our candidates. We’re here to match talented people with the job opportunities and employers they’re looking for. On any given day we connect over 700,000 people with fulfilling opportunities that make the most of their skills now and enable them to develop new expertise for the future.
RESOURCE SOLUTIONS
1,144
+65 6228 0200
Resource Solutions is a leading provider of recruitment and consultancy solutions, managing a recruitment budget of over £2 billion on behalf of our clients since 1997, as part of the Robert Walters Group.We redefine work so everyone has a lifetime of opportunity, supporting organisations to build and manage their workforce to face the challenges of tomorrow, putting people and innovation at the forefront of everything we do.Differentiated by our premium-quality service and world-class specialist recruiters, our comprehensive suite of tailored services serves clients across various sectors and industries such as Professional and Financial Services, Pharmaceutical, Media, Manufacturing and Engineering. We are experts in the development of outsourced recruitment. From our unwavering commitment to foster relationships as powerful talent partners, to our passion and experience in making every click and conversation a seamless, positive experience, supported by industry-leading technology, we pride ourselves in our ability to continuously work simpler, smarter and faster.Our focus is wholeheartedly not only to build solutions that perform, but which deliver the exceptional to help clients achieve their goals and identify new opportunities.
ROBERT HALF
31,422
+65 3163 5444
Robert Half, the world’s first and largest specialized talent solutions firm, connects opportunities at great companies with highly skilled job seekers. We offer contract, temporary and permanent placement solutions for roles in finance and accounting, technology, marketing and creative, legal, and administrative and customer support. Named to Fortune’s World’s Most Admired Companies and 100 Best Companies to Work For® lists and a Forbes Best Employer for Diversity, Robert Half is the parent company of Protiviti®. Robert Half is traded on the New York Stock Exchange (symbol: RHI) and is a member of the S&P 500 index.
TALENTVIS
385
+65 6000 0000
Talentvis is a leading Recruitment & Executive Search Group with offices growing across Asia Pacific. With our expertise recruiting in over ten industries, Talentvis is a platform that connects you to opportunities that further your career. Partnering your Growth At Talentvis, you will find partners rather than mere recruiters. We understand there is no one-size-fits-all approach when it comes to finding success in our careers. That’s why we take a meticulous and consultative approach that matches you with the right opportunities and connections. Being your trusted partner is a responsibility that we take seriously. Adapting for the FutureAs global and local disruptions create obstacles and conditions for growth, we remain abreast of the latest trends and adapt so that we are always well-placed to advise your going forward. Our key insights, industry analysis and manpower management strategies are services that we are pleased to support you with. Growing TogetherGrowth is an inclusive process and it’s better done together. While our consultants are partnering companies in across Asia Pacific, we are committed to investing in the next generation with our corporate social responsibility programmes. We also strongly believe in developing our people and providing the support they need to reach their potential. We are proud to become a nexus for the people around us.
HAYS
24,456
+65 6223 4535
We are leaders in specialist recruitment and workforce solutions, offering advisory services such as learning and skill development, career transitions and employer brand positioning.As the Leadership Partner to our customers, we invest in lifelong partnerships that empower people and businesses to succeed. We help you achieve your career goals and deliver your business needs by combining meaningful innovation with our global scale and insights.Last year we helped over 280,000 people find their next career. Join the millions of people around the world that our specialist recruitment consultants provide with up-to-date information on career options, interesting insights and specific industry trends.We help our customers define and implement strategies to create inclusive and equitable workplaces. Through harnessing and analysing data, we support business decision making and advise on how to access Talent Networks. We also assist in identifying attractive employer propositions by truly understanding a company’s identity, and support clients with all aspects of their Early Careers proposition, from strategic planning through to operational execution.Hays is the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The c.12,800 people we employ around the world partner with clients and candidates to power the world of work. Every day our expert consultants help thousands of candidates find their next role, and they also help clients reshape workforces and deal with talent shortages. In the year to 30 June 2021, we placed 77,000 people in permanent jobs and 244,000 people into temporary roles. For more information about our global network, strategy and Group financial results, visit www.haysplc.com
NES FIRCROFT
2,494
+65 6438 5333
With over 90 years’ combined experience of delivering workforce solutions to the global energy industry, NES Fircroft is proud to be the world’s leading engineering staffing provider spanning the Oil & Gas, Power & Renewables, Infrastructure, Life Sciences, Mining, Automotive and Chemicals sectors worldwide.We provide tailored staffing solutions, sourced from a global talent pool by a dedicated, discipline specific team of consultants.We are a people focused business and have access to the best talent wherever it may be in the world. NES Fircroft offers a full range of staffing solutions: Contract, Permanent (Direct) Hire, Managed Solutions, or a fully outsourced service. These services are complemented by an industry leading support service and global mobility package to ensure our clients keep hold of the top talent in a compliant manner for as long as they need it.
ROBERT WALTERS
6,610
+65 6228 0200
Over the last 38 years, Robert Walters has grown and so have our ambitions. We now employ over 4,400 talented staff across 31 countries. Businesses world-wide rely on us to find the very best specialist professionals to drive their business forward. Why? Because those same professionals trust us to manage their long-term careers. Were proud to be a world-leading recruitment consultancy with one million followers on LinkedIn. We also have a successful recruitment outsourcing business called Resource Solutions and a clerical recruitment brand operating in Europe called Walters People.Our philosophy:We dont aim to be the biggest recruitment consultancy but we do aim to be the best. We help businesses build powerful teams that deliver against exceptionally high standards by holding ourselves up to those same values. Quality and integrity are our watchwords and we like to think were different. Heres a flavour of why:• We have specialist recruitment teams who are experts in their area. Whether theyre recruiting in accountancy, HR or legal, you wont find them working outside their area of expertise• Our consultants dont work on commission, but instead rely on team work to ensure the right person is placed in the right job• We will never send out your CV without express permission. Quite simply, we dont think its rightWere proud of what weve achieved so far. But we dont look back, were always innovating:• We were the first recruitment consultancy to launch a recruitment outsourcing business• The first to launch a Global Salary Survey• We were the first to launch a salary checker app for iPhone and launched a Manga interview app
RANDSTAD SINGAPORE
210
+65 6510 1350
Randstad is one of the largest recruitment and HR services providers globally. Headquartered in the Netherlands with operations in 38 markets, Randstad finds meaningful employment for 2 million people every year. On average, more than 600,000 people are employed every day. Since opening our doors in 1960, Randstad has remained true to why we do business – to help candidates find suitable careers, and find clients the people who best fit into their organisations. Our role is as rewarding now as it was when we first began.With more than 20 years’ experience in the Singapore market, we currently have the following dedicated specialist teams:- Accounting & Finance- Banking & Financial Services- Construction & Property - Corporate & Secretarial Support - Engineering- Human Resources- Information Technology- Life Science- Sales, Marketing and Communications- Supply Chain & ProcurementAs one of the largest HR services providers globally, Randstad offers end-to-end talent recruitment and workforce management solutions to help drive companies workforce efficiency, organisational integration and business growth. Our Human Forward promise exemplifies our commitment to deliver a world-class customer experience, and we are honoured to have received more than 910 positive reviews and a 4.7-star rating (out of 5 stars) on our Google Business Profile.For more information about how we shape the world of work, visit www.randstad.com.sg. You can also check our lnk.bio/randstadsea to know more about us. Alternatively, you may contact us at +65 6510 1350.
INTER ISLAND GROUP
152
+65 6535 7338
Established in 2008 and based in Singapore, we started out small but with big objectives. From the beginning, we wanted to provide professional, convenient and effective solutions for employers and employees alike. Since then, we have grown to become an ISO- certified employment expert providing complete staffing services, with skilled consultants across Asia.Our operating philosophy, Warmth, Integrity, Responsibility, and Professionalism, is something we are deeply committed to. We strive to exceed your expectations while keeping your interactions with us enjoyable. We believe in maintaining the human touch, and this is what sets us apart.How do we measure success? When we have connected you to your desired end results. But more importantly, we are successful when we create connections with you and for you. This is the standards we strive to live up to.We employ equal parts passion and deep understanding of what needs to be done to achieve your objective. This perfect balance between personal and professional can be seen in our relentless pursuit to provide top-notch service.
MANPOWERGROUP
63,263
+65 6232 8811
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis and Talent Solutions – creates substantially more value for candidates and clients across more than 75 countries and territories and has done so for over 70 years. We are recognized consistently for our diversity - as a best place to work for Women, Inclusion, Equality and Disability and in 2021 ManpowerGroup was named one of the Worlds Most Ethical Companies for the 12th year - all confirming our position as the brand of choice for in-demand talent. See how ManpowerGroup is powering the future of work: www.manpowergroup.com
ACHIEVE GROUP
180
+65 6323 0050
Were Here to Help People ACHIEVE Success!Established since 1990, with headquarters in Singapore and an office in Malaysia, we have placed more than 40,000 people in positions across industries. Our consultants are specialists in specific areas of specialization, and have the expertise to match candidates with the right permanent positions and contract jobs. In our 30 over years as a recruiter, we are widely recognised as a trusted brand by jobseekers, MNCs and SMEs across the Asia Pacific region.In 1H 2022, we were accorded the rare honour of being conferred both the Human Capital Partnership Programme for Employment Agencies (HCP) by the Ministry of Manpower (MOM) and the Singapore Prestige Brand Award (SPBA) by the Association of Small and Medium Size Enterprises (ASME), in recognition of our business transformation efforts and push to build a Singapore core in the workforce!
EPS CONSULTANTS
186
+60 3-2788 7882
EPS is an Award Winning Professional recruiting and outsourcing specialist with over two decades of experience in the Asia Pacific region. Our mission is to be the leading one-stop recruitment and outsourcing service provider, offering innovative and cost-effective solutions to our valued clients.EPSs competitive advantage lies in our ability to attract, grow, and retain our customer base by consistently providing excellent quality, cost-effective, and value-added services. Our commitment to excellence has earned us multiple awards and recognition in the industry, including the “Best Staffing Firm Gold Award” in 2022. We pride ourselves on our attention to detail and our willingness to go the extra mile to meet our customers needs. Having a strong presence in the APAC region, we have established a solid reputation for delivering exceptional results and exceeding our clients expectations. With a proven track record of delivering high-value and integrated services that leverage our talented professionals, technologies, and technical know-how, our team is committed to providing the highest level of services to ensure full satisfaction of both our clients and candidates.Looking to the future, EPS strives for continued growth and success. We will continue to leverage our strengths and expertise to expand our services and reach new markets. At EPS, we are dedicated to helping our clients achieve their business objectives and building long-lasting partnerships based on trust and mutual success.
KERRY CONSULTING
113
+65 6333 8530
Headquartered in Singapore since 2003, Kerry Consulting is Singapores leading Search & Selection firm. Our consulting team is the most experienced, and amongst the largest, in the ASEAN region.We provide services to many of the worlds leading companies and financial institutions. We are committed to creating positive long term outcomes for both our clients and our candidates. Our focus is on Returning the Human to Resourcing.We believe that every organisations success is largely determined by the quality of its people.Our ability to consistently provide high quality services to our clients is based on:• Trust• Energy• Market Knowledge• Continuity of relationship• Business understandingOur firm is staffed by professionals with extensive experience of and commitment to the region. Our structure is one which promotes teamwork, individual growth and organizational stability.Our aim is to become a trusted long term business partner rather than to be an intermittent service provider.
Top Recruitment Companies in Malaysia
Key Statistics from 2022
According to the Department of Statistics Malaysia, the country's GDP in 2022 was RM 1.35 trillion, a 6.2% increase from the previous year. The recruitment industry contributes significantly to Malaysia's GDP, accounting for approximately 3.5% of the total. The employment rate in Malaysia in 2022 was 97.6%, with the recruitment industry employing approximately 1.5% of the total workforce. This growth in GDP and employment highlights the importance and contribution of the recruitment industry to the Malaysian economy.
Factors Contributing to Its Growth and Success
One of the key factors contributing to the growth and success of the recruitment industry in Malaysia is the government's initiatives to promote the industry. The Malaysian government has implemented various policies to attract foreign investment and support the development of the country's human capital. Additionally, the government has invested in the development of digital infrastructure, which has provided a conducive environment for the growth of the recruitment industry.
Furthermore, the recruitment industry's success can be attributed to the increasing demand for talent in various industries, including healthcare, technology, and finance. As the Malaysian economy continues to grow, companies are seeking skilled and qualified workers to drive their business forward. The recruitment industry plays a vital role in connecting these companies with the right candidates, contributing to the overall growth of the economy.
Each Industry's Growth and Comparison to Previous Years
The recruitment industry comprises several sectors, including executive search, temporary staffing, and permanent placement. The executive search sector has shown significant growth in recent years, with a growth rate of 7.5% in 2022 compared to 6.8% in 2021. The temporary staffing sector has also shown an increase in growth, with a growth rate of 5.8% in 2022 compared to 5.2% in 2021. However, the permanent placement sector experienced a slight decline in growth, with a growth rate of 4.1% in 2022 compared to 4.5% in 2021.
Key Trends
The recruitment industry has experienced various technological disruptions, which have contributed to the industry's growth and success. For example, the implementation of artificial intelligence and machine learning has enabled recruiters to improve candidate matching and reduce time-to-hire. Additionally, digital platforms such as job boards and social media have made it easier for recruiters to reach a broader pool of candidates.
Another key trend in the recruitment industry is the growing importance of diversity, equity, and inclusion. Companies are recognizing the need to prioritize diversity in their hiring practices to improve their overall business performance and meet evolving customer demands. This includes recruiting candidates from underrepresented groups, implementing diversity and inclusion training, and creating inclusive work environments.
Challenges
Despite the industry's success, it still faces several challenges. One of the primary challenges is the shortage of skilled workers in high-demand industries such as technology and healthcare. This shortage could hinder the industry's growth and ability to meet the increasing demand for talent. Additionally, the industry faces challenges related to the global economic environment and geopolitical risks.
Future Outlook
However, the outlook for the recruitment industry in Malaysia is positive. The Malaysian government continues to prioritize the development of the industry, and the industry itself is adapting to new technological advancements and diversity and inclusion practices. These efforts, combined with a skilled workforce, favorable business environment, and government support, are expected to drive the industry's growth in the coming years.
To stay competitive, companies operating in the recruitment industry in Malaysia must also stay up-to-date with emerging trends and technologies. This includes adopting digital recruitment strategies, leveraging artificial intelligence and machine learning, and investing in research and development. Companies that can effectively integrate these practices into their operations are likely to see increased productivity, reduced costs, and improved efficiency.
In addition, the recruitment industry in Malaysia must also focus on developing its workforce. Companies should prioritize training and upskilling programs to address the shortage of skilled workers in high-demand industries. This will not only help address the immediate talent gap but also ensure that the industry has the necessary skills to remain competitive in the long run.
Furthermore, as the global job market becomes increasingly competitive, the recruitment industry in Malaysia must also focus on providing innovative and personalized services to clients and candidates. This includes providing tailored solutions to meet the unique needs of clients and candidates, utilizing social media and other digital platforms to engage with candidates, and leveraging data to inform recruitment strategies.
Conclusion
In conclusion, the recruitment industry in Malaysia has experienced significant growth and success, thanks to a combination of government support, increasing demand for talent, and favorable business conditions. The industry's ability to adapt to new technologies and diversity and inclusion practices will be crucial in driving its continued growth in the future. By addressing challenges related to the shortage of skilled workers and prioritizing workforce development and innovation, companies operating in the recruitment industry can thrive in Malaysia's rapidly evolving business landscape.