More Firms Looking At Malaysia For Shared Services Operations

KUALA LUMPUR, March 13 (Bernama) -- More international businesses are continuing to look at Malaysia as a potential location for shared service centres, says Robert Walters, a specialist professional recruitment consultancy. Shared services refer to a business strategy whereby companies centralise their operations to cut costs while improving the quality of the services shared. Robert Walters, which also tracks advertisements for professional positions, said there had been an increase in medical sciences recruitment activity in Malaysia in the fourth quarter of 2011 when compared with the previous quarter. "There was a rise of 16 per cent in medical advertisements to meet growing demand. Healthcare professionals were sought-after as the life and medical sciences sectors continued to grow," it added. However, it said job advertisements in Malaysia declined by 11 per cent from Q3 to Q4 2011. Advertisements for banking and finance professionals continued to decline as Malaysia felt the effects of global economic uncertainty. These advertisements fell by 12 per cent, it said. -- BERNAMA