Savvy professionals in demand to progress Fintech and digital transformation in 2019: Michael Page Malaysia
KUALA LUMPUR, MALAYSIA - MediaOutReach - 18 March 2019 -Global professional recruitment consultancy released its Michael Page Malaysia Salary Benchmark 2019 citing keeninterest from companies to attract professionals within Big Data, data science,consumer insights and data warehousing.
May Wah Chan, Directorat Michael Page Malaysia comments, "Malaysia's digital economy is on the fast track for 2019which have led to the spike in demand for these key positions. Acrossindustries, companies looking to ride the wave of digital transformation toramp up efficiency and productivity is creating more pressure on the country'salready tight candidate pool."
As a result, talent movement in the technology spaceis anticipated to be exceedingly swift where professionals will experienceconcurrent multiple offers. The report indicates a 30% increase in the numberof technology jobs posted in Malaysia in the last 12 months. Successful jobmovers in this space can expect a 10 to 22% salary increase.
Malaysia's development around ecommercealso posts exciting job prospects in 2019. With heavy investments from market leaders,Grab and Alibaba, this has given rise to the need for cybersecurity experts.
The country is moving rapidlytowards a cashless society. WeChat mobile wallet is now live in the country,which marks the service's first expansion outside of China and Hong Kong.Together with Alipay and Samsung Pay, these players will disrupt Malaysia's e-paymentsspace.
Malaysia's rapidFintech development in tandem with Bank Negara's vision to evolve Malaysia intoa complete digital payment society, has sparked a boost in mobile applications, artificial intelligence and robotics.
May Wah observes, "Financialservices institutions are on a clear drive to enhance user experience in orderto keep their competitive edge. In order to achieve this, they have turnedtheir investment towards technology and the talent required to effectivelyimplement mobile banking and virtual customer service platforms. Staying aheadwith technological advancements is also the key to attracting professionals whoregard this exposure as important career development."
Editor's Notes: Data for the report is derived from our proprietary database capturingjob advertisements and placements mainly through 2018 and other PageGroupstudies. Information is then validated against insights from our leaders' andconsultants' interactions with clients and candidates.
For moreinformation and media interviews with our spokespeople, please contact Germaine Lim germainelim@michaelpage.com.sg or +65 97101760.
