{"id":7838,"date":"2023-01-10T17:02:25","date_gmt":"2023-01-10T07:02:25","guid":{"rendered":"https:\/\/employmenthero.com\/my\/blog\/economic-downturn-malaysian-job-market\/"},"modified":"2026-02-09T07:00:55","modified_gmt":"2026-02-09T07:00:55","slug":"economic-downturn-malaysian-job-market","status":"publish","type":"post","link":"https:\/\/employmenthero.com\/my\/blog\/economic-downturn-malaysian-job-market\/","title":{"rendered":"Will economic downturn impact Malaysia\u2019s job market in 2023?"},"content":{"rendered":"\n<div class=\"wp-block-group alignfull blog-template-header has-neutral-100-background-color has-background has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\" style=\"padding-bottom:var(--wp--preset--spacing--16)\">\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\"><div style=\"--bb--crumb-gap:.4em;\" class=\"blog-template-breadcrumb 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Malaysia is not projected to enter a recession this year, will talent be easier or more difficult to find and attract in this economic downturn? Let&#8217;s find out. \n<\/p>\n\n\n\n<div class=\"wp-block-group blog-template-meta-row is-layout-flex wp-container-core-group-is-layout-8 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-query wp-block-hosts-query has-global-padding is-content-justification-left is-layout-constrained wp-container-core-query-is-layout-1 wp-block-query-is-layout-constrained\"><ul data-wp-interactive=\"eh-hosts\" class=\"wp-block-post-template is-layout-flow wp-container-core-post-template-is-layout-1 wp-block-post-template-is-layout-flow\"><li data-host-index=\"0\" data-wp-on--click=\"actions.openDetail\" class=\"wp-block-post post-4837 hosts type-hosts status-publish has-post-thumbnail hentry\">\n\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-7 wp-block-group-is-layout-flex\"><figure style=\"width:52px;height:52px;\" class=\"wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-120x120.jpg\" class=\"attachment-host_thumbnail size-host_thumbnail wp-post-image\" alt=\"Carissa Ng\" style=\"border-radius:60px;height:52px;object-fit:cover;\" srcset=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-120x120.jpg 120w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-300x300.jpg 300w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-150x150.jpg 150w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-768x768.jpg 768w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-240x240.jpg 240w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-54x54.jpg 54w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-108x108.jpg 108w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-685x683.jpg 685w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-390x390.jpg 390w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-200x200.jpg 200w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-400x400.jpg 400w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-216x216.jpg 216w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-432x432.jpg 432w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-112x112.jpg 112w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-224x224.jpg 224w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-142x142.jpg 142w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063-284x284.jpg 284w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/09\/1530256332063.jpg 800w\" sizes=\"auto, (max-width: 120px) 100vw, 120px\" \/><\/figure>\n\n\n<div class=\"wp-block-group has-sm-font-size is-vertical is-content-justification-center is-layout-flex wp-container-core-group-is-layout-6 wp-block-group-is-layout-flex\"><h6 style=\"line-height:1.3; border-right-width:1px;border-right-color:var(--wp--preset--color--black); padding-right:var(--wp--preset--spacing--2);\" class=\"has-text-align-center has-link-color wp-elements-1e20e747939e3458765ab321928f59b7 wp-block-post-title has-text-color has-violet-500-color has-sm-font-size\">Carissa Ng<\/h6><\/div>\n<\/div>\n\n<\/li><\/ul><\/div>\n\n\n\n<p class=\"has-text-align-center has-sm-font-size\" style=\"border-left-style:none;border-left-width:0px;padding-left:0\">Published<\/p>\n\n\n<div class=\"wp-block-post-date has-sm-font-size\"><time datetime=\"2023-01-10T17:02:25+00:00\">Jan 10, 2023<\/time><\/div>\n\n\n<p class=\"has-text-align-center has-sm-font-size\" style=\"border-left-color:var(--wp--preset--color--neutral-700);border-left-width:1px;padding-left:var(--wp--preset--spacing--2)\">Updated<\/p>\n\n\n<div class=\"wp-block-post-date__modified-date wp-block-post-date has-sm-font-size\"><time datetime=\"2026-02-09T07:00:55+00:00\">Feb 9, 2026<\/time><\/div>\n\n\n<p class=\"has-sm-font-size\" style=\"border-left-color:var(--wp--preset--color--neutral-700);border-left-width:1px;padding-left:var(--wp--preset--spacing--2)\">16 mins read<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull blog-image-container has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-image aligncenter size-large is-resized blog-template-image\"><img decoding=\"async\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/3\/2023\/01\/image2.png\" alt=\"Image\" style=\"object-fit:cover;width:864px;height:561px\"\/><\/figure>\n<\/div>\n\n\n\n<div style=\"height:66px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-container-core-group-is-layout-16 wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-container-core-group-is-layout-15 wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-container-core-group-is-layout-14 wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" id=\"content-wrapper\">\n<div class=\"content-single-table-content\"><\/div>\n\n\n\n<div class=\"wp-block-group content_single content_single--blog content-single-content-wysiwyg wysiwyg content-wrapper has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\" style=\"margin-bottom:var(--wp--preset--spacing--4)\">\n<p>Like many other markets, Malaysia is looking at slower economic growth this year.\n\nA <a href=\"https:\/\/employmenthero.com\/my\/blog\/what-is-the-impact-of-a-recession-on-smes\/\">recession impacts SMEs<\/a> in many different ways. As an employer in Malaysia, you\u2019re no doubt concerned about how this will also affect your labour and business costs.\n\nHow will it affect the <a href=\"https:\/\/employmenthero.com\/my\/resources\/recruitment-market-mid-year-review\/\">Malaysian job market<\/a> in particular? Will talent be easier or more difficult to find and attract? How can you better navigate hiring in an uncertain economic climate?\n\nHere\u2019s everything you need to know to prepare your business for a bumpy road ahead.\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"was-malaysia-affected-by-the-global-financial-crisis-in-2008\">Was Malaysia affected by the global financial crisis in 2008?<\/h2>\n\n\n\n<p>\nMalaysia was not spared from the effects of the <a href=\"https:\/\/www.businessinsider.com\/personal-finance\/what-caused-the-great-recession#6.-the-2008-stock-market-crash\" rel=\"noopener\" target=\"_blank\">global financial crisis<\/a> (GFC) in 2008.\n\nShare prices in Malaysia fell sharply in the aftermath of the crisis (by 20% between 2007 and 2009), although the magnitude of the collapse was far less than in the Asian Financial Crisis (AFC) (by 53% between 1996 and 1998). The domestic economy also experienced the full impact of the global recession in the first quarter of 2009, <a href=\"https:\/\/www.bis.org\/publ\/bppdf\/bispap54p.pdf\" rel=\"noopener\" target=\"_blank\">declining by 6.2%<\/a>.\n\nThankfully though, due to ample liquidity in the financial system, a sound banking system, and its strong reserve position, Malaysia\u2019s financial markets were able to withstand the global economic shock. Financial sector reforms undertaken after the AFC further increased the resilience of Malaysia\u2019s financial sector. Additionally, Malaysia had little exposure to subprime-related assets and affected counterparties, which further mitigated the risks.\n\nHowever, Malaysia\u2019s trade industry in particular was badly hit by the GFC \u2014 total earnings from merchandise exports recorded a 9.5% contraction in 2009 compared to the previous year. Manufacturing exports also contracted by 19.2%, accounting for nearly 55% of the total contraction in export earnings.\n\nThankfully, through accelerated implementation of fiscal stimulus measures by the Bank Negara Malaysia (BNM), the Malaysian economy stabilised in the second quarter of 2009, and subsequently recovered in the second half of the year.\n\nThe economy resumed growth momentum in the fourth quarter, growing by 4.4% \u2014 which resulted in the economy contracting by only 1.7% in 2009. Continued increase in domestic demand and external demand led to strong economic growth of 10.1% in the first quarter of 2010.\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"is-malaysia-due-for-a-recession-in-2023\">Is Malaysia due for a recession in 2023?<\/h2>\n\n\n\n<p>\nThere has been a lot of chatter on whether Malaysia can withstand a global economic shock, as global recession alarm bells have started ringing. The International Monetary Fund (IMF) and World Bank, reputable investment bankers on Wall Street, and central banks worldwide have begun to warn about a sharp economic downturn in 2023.\n\nAccording to the <a href=\"https:\/\/themalaysianreserve.com\/2022\/11\/11\/malaysia-not-expecting-recession-in-2023-bnm-governor\/\" rel=\"noopener\" target=\"_blank\">governor of Bank Negara Malaysia (BNM)<\/a> however, Malaysia is not expected to enter a recession in 2023. Nevertheless, headline and core inflation are expected to remain elevated amid demand and cost pressures, as well as potential changes to domestic policy measures.\n\nThe Malaysian economy is forecasted to expand by 4% to 5% in 2023 by BNM. This is echoed by <a href=\"https:\/\/www.theedgemarkets.com\/node\/650575\" rel=\"noopener\" target=\"_blank\">Maybank Investment Bank (MIB)<\/a>, who believes Malaysia is unlikely to fall into a recession as local monetary policy remains non-restrictive, while consumer spending is cushioned by excess savings built up over the last two years.\n\nThe financial performance of corporations and businesses remains healthy, and the public continues to spend, while indicators such as retail and car sales have exceeded pre-pandemic levels \u2014 as noted by BNM governor Nor Shamsiah. The banking system also remains resilient, and financing growth remains supportive of economic activity.\n\nMIB\u2019s chief economist, Suhaimi Ilias, has also <a href=\"https:\/\/www.theedgemarkets.com\/node\/650575\" rel=\"noopener\" target=\"_blank\">similarly said<\/a> that although consumer spending growth is estimated to slow down to around 6% in 2023 versus 11.5% in 2022, consumers are expected to tap into their excess savings built up during the pandemic years.\n\nMalaysia\u2019s external position also remains manageable \u2014 the depreciation of the ringgit versus the USD has led to a higher value of foreign currency assets. Risks from foreign currency external debt are also largely contained, as about 68% of debts are either subject to prudential safeguards or are on flexible terms.\n\nOverall, Malaysia is set to experience moderate economic growth in 2023. However, that doesn\u2019t mean it\u2019s completely insulated from an external economic shock \u2014 its economic growth depends on whether the US encounters a severe recession and can contain rising inflation with the current interest rate hikes; as well as whether the Russia-Ukraine war will escalate or end.\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-will-a-recession-in-malaysia-affect-employers-and-recruiters\">How will a recession in Malaysia affect employers and recruiters?<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"601\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2022\/11\/Cover-Images-46-1024x601.webp\" alt=\"two colleagues interviewing an employee\" class=\"wp-image-26414\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"1-employee-layoffs\">1. Employee layoffs<\/h3>\n\n\n\n<p>\nAs small and medium-sized businesses see reduced cash flow and increased operating costs, budget cuts will likely be on the cards. Unfortunately, a <a href=\"https:\/\/employmenthero.com\/my\/blog\/hiring-freeze\/\">hiring freeze<\/a> and job losses can sometimes be a key part of those cuts, and it\u2019s something that business owners will have to consider as a recession takes hold. Even tech giants like <a href=\"https:\/\/www.techinasia.com\/amazon-salesforce-layoff\" rel=\"noopener\" target=\"_blank\">Amazon and Salesforce<\/a> have begun doing so.\n\nThat\u2019s not to say that <a href=\"https:\/\/employmenthero.com\/my\/blog\/what-twitters-mass-layoffs-teach-us-about-redundancy\/\">redundancy<\/a> has to be the first thought. Just like during the pandemic, there are <a href=\"https:\/\/employmenthero.com\/my\/resources\/redundancy-notice-letter-free-template\/\">alternatives to redundancy<\/a> such as reduced hours, job sharing or stand down periods. Just ensure you\u2019re meeting compliance requirements and that you\u2019ve formalised any changes in writing. Where possible, turn to redundancy only as a last resort \u2014 employees are struggling with the <a href=\"https:\/\/employmenthero.com\/my\/blog\/support-employees-cost-of-living-crisis\/\">cost of living crisis<\/a> too.\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2-more-competition-for-top-talent\">2. More competition for top talent<\/h3>\n\n\n\n<p>\nIn a recession, employees are more likely to stay put at their current jobs to ensure stability and a fixed income. They know it\u2019s harder to find something new, and hence will only entertain offers from companies that are a step up from their current position and pay grade.\n\nBecause businesses are forced to work with an extremely lean workforce to cut costs \u2014 there will be more competition for top talent as good employees will be high in demand. Employers and recruiters will have to be even more strategic and intentional in the way they approach candidates and rethink their <a href=\"https:\/\/employmenthero.com\/my\/blog\/employer-branding\/\">employer brand strategy<\/a>.\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"3-employee-retention-is-crucial\">3. Employee retention is crucial<\/h3>\n\n\n\n<p>\nYou definitely don\u2019t want to be losing your best talent in the midst of a recession \u2014 according to <a href=\"https:\/\/www.gallup.com\/workplace\/247391\/fixable-problem-costs-businesses-trillion.aspx\" rel=\"noopener\" target=\"_blank\">Gallup<\/a>, replacing an employee can cost up to 1.5 to 2 times their annual salary. Retaining existing employees costs significantly less than having to recruit and train new ones.\n\nEspecially in times of a recession, your business probably needs all hands on deck \u2014 which means you need to focus on <a href=\"https:\/\/employmenthero.com\/my\/blog\/how-to-stop-brain-drain-retain-employees\/\">employee retention<\/a> to ensure your business keeps running smoothly. If you\u2019re running a remote-first business, we\u2019ve also got <a href=\"https:\/\/employmenthero.com\/my\/blog\/retention-strategies-remote-teams\/\">11 innovative strategies<\/a> you can use right here.\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"4-pivot-to-short-term-hires\">4. Pivot to short-term hires<\/h3>\n\n\n\n<p>\nWhen faced with an economic downturn, it\u2019s important for businesses to be flexible. If the pandemic taught us anything, it\u2019s the fact that the most agile and adaptable businesses survived. As such, in a bid to cut costs, most companies will likely be looking for short-term contractors in the labour market, to avoid high overhead costs associated with full-timers.\n\nFor recruiters, that means counselling candidates to be more open to contingent positions, by highlighting key benefits such as increased flexibility. In some cases, contract work is also the best and only option to stay in the labour market.\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"5-from-recruiter-to-advisor\">5. From recruiter to advisor<\/h3>\n\n\n\n<p>\nIn the midst of a global recession, recruiters will likely take on more advisory roles as both candidates and clients look for advice in navigating the talent market. Candidates will be concerned about salaries, job security, and whether their resumes can be polished to attract better opportunities. Clients on the other hand, will require guidance on staffing and laying off employees.\n\nRecruiters play a crucial role in an uncertain job market because of their unique perspective \u2014 with access to both the candidates and clients, they understand what companies are looking for, where the best talent is, and what it will take to get the top talent on board. This knowledge is valuable for any economic climate, but more so in times of economic slowdown when companies are running on a lean number of staff.\n\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"will-malaysias-unemployment-rate-rise-or-fall-in-2023\">Will Malaysia\u2019s unemployment rate rise or fall in 2023?<\/h2>\n\n\n\n<p>\nMalaysia&#8217;s unemployment rate is predicted to return to pre-pandemic levels by mid-2023, according to senior economist Julia Goh and economist Loke Siew Ting of <a href=\"https:\/\/www.theedgemarkets.com\/article\/malaysias-unemployment-rate-seen-return-prepandemic-levels-mid2023\" rel=\"noopener\" target=\"_blank\">UOB Global Economics &amp; Market Research<\/a>.\n\nThe Department of Statistics Malaysia announced that the country&#8217;s unemployment rate reached a new pandemic low of 3.7% (620,700 people) in July 2022 \u2014 and the number of employed people has continued to increase by 0.3% month-on-month. Thanks to the full reopening of borders and resumption of economic and social activities.\n\nAs such, the forecast for the 2023 unemployment rate in Malaysia has been revised downwards to 3.2% from 3.5% \u2014 lower than the unemployment rate which was 3.3% in February 2020, just before the nationwide lockdown was implemented.\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"will-staff-shortages-improve-in-2023\">Will staff shortages improve in 2023?<\/h2>\n\n\n\n<p>\nEven though Malaysia\u2019s economic indicators are all improving \u2014 showing a positive trend, a shortage of workers in some industries will persist in 2023, according to the <a href=\"https:\/\/www.thestar.com.my\/news\/nation\/2022\/11\/24\/shortage-of-workers-still-exists\" rel=\"noopener\" target=\"_blank\">Malaysian Employers Federation<\/a> (MEF).\n\nMEF president Datuk Dr Syed Hussain Syed Husman said while the government was doing enough to help employers cope, a shortage of workers remains, because workers now have the choice of where they want to work.\n\nHe also called on the government to assist small and medium enterprises (SMEs) to automate, by providing them with funds and giving them time. Whilst it is almost impossible to replace foreign workers with the local workforce, Malaysian employers can reduce their reliance on foreign labour by automating different aspects of their business through <a href=\"https:\/\/employmenthero.com\/my\/blog\/digital-transformation-government-support\/\">digital transformation<\/a>.\n\nAccording to the <a href=\"https:\/\/www.malaymail.com\/news\/malaysia\/2023\/01\/03\/report-malaysia-still-short-of-one-million-foreign-workers-post-pandemic-says-association\/48157\" rel=\"noopener\" target=\"_blank\">Association of Employment Agencies<\/a>, Malaysia still lacks approximately one million foreign workers needed to sustain various sectors\u2019 needs post-pandemic this year, especially in sectors like construction, agriculture, services and manufacturing, which are crucial to jumpstart the country\u2019s economy. The retail sector is also struggling to hire adequate staff. It remains to be seen what the government will do in providing targeted support to ease the problem.\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"tips-for-navigating-hiring-in-an-uncertain-economic-climate\">Tips for navigating hiring in an uncertain economic climate<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1728\" height=\"1014\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/3\/2023\/01\/image1.png\" alt=\"two employees interviewing a potential candidate in the office\" class=\"wp-image-7840\" srcset=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2023\/01\/image1.png 1728w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2023\/01\/image1-300x176.png 300w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2023\/01\/image1-1024x601.png 1024w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2023\/01\/image1-768x451.png 768w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2023\/01\/image1-1536x901.png 1536w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2023\/01\/image1-864x508.png 864w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2023\/01\/image1-440x258.png 440w\" sizes=\"auto, (max-width: 1728px) 100vw, 1728px\" \/><\/figure>\n\n\n\n<p>\n\nThe future may seem bleak with so many macroeconomic factors beyond your control, but taking advantage of hiring during an uncertain economic climate can make your business better prepared for the future.\n\nWhen planning your strategy for recruitment during an economic downturn, think about how you can build resilience in your workforce. Where do you envision your company to be three to five years down the road after a recession? This will help to shape your hiring process, and ensure that you\u2019re hiring the right talent you need.\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"1-conduct-a-skills-gap-analysis\">1. Conduct a skills gap analysis<\/h3>\n\n\n\n<p>\nWhen you\u2019re forced to operate with a lean team to keep costs low, it\u2019s essential to run a skills gap analysis so you can identify skill sets your workforce needs, but doesn\u2019t have yet. It helps to guide your hiring priorities, identify opportunities for training and development, and also shows you where you can possibly allocate funding to, such as new tech tools and partnerships.\n\nA skills gap analysis also enables you to gain deeper insight into the skills your current workforce possesses, and what skills your company will need in the future. With this knowledge, your recruitment team can create more accurate and specific job descriptions, reach out to A-grade candidates, and <a href=\"https:\/\/employmenthero.com\/my\/blog\/talent-sourcing-strategies\/\">bring in new employees<\/a> that will enable you to attain your long term goals.\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2-optimise-your-recruiting-processes\">2. Optimise your recruiting processes<\/h3>\n\n\n\n<p><a href=\"https:\/\/employmenthero.com\/my\/resources\/recruitment-process-guide\/\">Recruitment and hiring<\/a> can be immensely time-consuming and challenging, especially in difficult times when you might have more applicants than usual for a job opening. Even for the most experienced recruiters and hiring managers, it\u2019s a long, winding road to finding the perfect candidate for an open role. It can also be a <a href=\"https:\/\/employmenthero.com\/my\/blog\/recruitment-costs\/\">pretty costly situation if done poorly<\/a>.\n\nThis can easily overwhelm your recruitment team \u2014 you can avoid this by preparing and adding resources that allow you to hire at scale. Optimise your hiring process so it\u2019s efficient, fast, and most importantly, cost-effective. The lower your cost per hire, the higher the chances your business will weather this economic downturn.\n\n<a href=\"https:\/\/employmenthero.com\/my\/solutions\/recruitment-software\/\">Automate your recruitment process<\/a> as much as possible, so once you\u2019re ready to hire you can hit the ground running. Utilise tools like an <a href=\"https:\/\/employmenthero.com\/my\/blog\/what-is-an-applicant-tracking-system\/\">Applicant Tracking System (ATS)<\/a> to streamline the hiring process \u2014 it doesn\u2019t just make things easier for hiring managers, it also makes the experience smoother for job seekers too.\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"3-recruit-remotely\">3. Recruit remotely<\/h3>\n\n\n\n<p>\nIf you can\u2019t find great talent in your area, you might want to consider looking further abroad. Many business owners think they don\u2019t have the resources to hire during a recession \u2014 but hiring remotely can be a cost-effective alternative. Remote workers bring a diversity of skills to the table, may cost less to hire, and enable you to grow your business with the skills you need without being hampered by geographical boundaries.\n\nBut you might be wondering\u2026 How can small and medium-sized businesses access global talent without the HR resources of large companies? A <a href=\"https:\/\/employmenthero.com\/my\/blog\/peo-guide\/\">Professional Employer Organisation<\/a> (PEO) is the answer.\n\nA PEO is an HR solution that manages payroll, benefits, remuneration, administration, employment taxes, HR guidance and more, in accordance with local government laws. This means that you can now choose talent based on experience, and leave the legal paperwork to them. Access the best person for your role, no matter where on the planet they live.\n\nWe don\u2019t mean to brag, but <a href=\"https:\/\/employmenthero.com\/my\/products\/employer-of-record\/\">91±¬ΑΟ\u2019s PEO service<\/a> can give you access to talent in a whopping 54 countries. <a href=\"https:\/\/employmenthero.com\/my\/resources\/hiring-your-first-international-employee\/\">Here\u2019s what you need to know<\/a> before hiring your first international employee. Utilising <a href=\"https:\/\/employmenthero.com\/my\/resources\/how-global-teams-can-transform-your-business\/\">Employer of Record (EoR) service\n<\/a> can make your small business more competitive, which is especially needed in these challenging economic times.\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"4-continue-developing-in-house-talent\">4. Continue developing in-house talent<\/h3>\n\n\n\n<p>\nSourcing candidates for a new position doesn\u2019t necessarily mean you have to hire externally. Why not look at your existing talent and see whether any of them are keen to take on a new challenge?\n\nTraining costs are usually more affordable than hiring costs \u2014 consider whether your existing employees can be mentored to move into new roles and you might be surprised with what they can achieve. Having extensive knowledge of your brand and company will certainly come in handy as they take on a different role. It also absolves any need in getting them up to speed with the company\u2019s goals, values, and processes.\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"preparing-your-business-for-economic-uncertainties\">Preparing your business for economic uncertainties<\/h2>\n\n\n\n<p>\n2023 is certainly proving that it won\u2019t be a walk in the park with the global economic slowdown. Whilst it won\u2019t be nearly as bad as the previous global financial crisis, it\u2019s hard to predict what will happen with global financial markets.\n\nNevertheless, there are plenty of positives to look toward in Malaysia, with the increase in domestic demand and gradual economic recovery after the pandemic crisis. It\u2019s now up to <a href=\"https:\/\/employmenthero.com\/my\/resources\/general-election-results-smes\/\">Prime Minister Anwar\u2019s government<\/a> to evaluate the global growth prospects and ensure Malaysia\u2019s sustainable economic recovery.\n\nIn these trying times, what you can do as a business owner is to remain resilient, and ensure your business is as prepared as possible for the uncertain economic climate. Get on top of what the latest <a href=\"https:\/\/employmenthero.com\/my\/resources\/small-business-innovation-trends\/\">small business innovation trends<\/a> are, and ensure you\u2019re using all the above tips to navigate hiring effectively.\n\nEmployee retention is also a key aspect \u2014 don\u2019t forget to <a href=\"https:\/\/employmenthero.com\/my\/blog\/communicating-with-employees-crisis\/\">communicate with them<\/a> with urgency, transparency, and empathy, so they are engaged and reassured about their job stability in the midst of this cost of living crisis.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-2 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\" data-trigger-modal=\"request-a-demo-modal\"><a class=\"wp-block-button__link wp-element-button\">Learn more<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow 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data-marketo-form=\"{&quot;is_multi_steps&quot;:false,&quot;form_data&quot;:[{&quot;base_url&quot;:&quot;\/\/hr.employmenthero.io&quot;,&quot;munchkin_id&quot;:&quot;387-SZZ-170&quot;,&quot;form_id&quot;:&quot;1737&quot;,&quot;css_classes&quot;:&quot;&quot;}],&quot;submit_text&quot;:&quot;&quot;,&quot;success_handling_method&quot;:&quot;thank_you_page&quot;,&quot;redirect_url&quot;:&quot;&quot;,&quot;thank_you_message&quot;:&quot;&quot;,&quot;add_lead_linking_id&quot;:false,&quot;add_drift_campaign_id&quot;:false,&quot;drift_campaign_id&quot;:&quot;&quot;,&quot;thank_you_page_id&quot;:&quot;23817&quot;,&quot;thank_you_page_url&quot;:&quot;https:\/\/employmenthero.com\/my\/thank-you\/downloadable\/?origin=economic-downturn-malaysian-job-market&amp;origin_id=IkTxq5ZiNnczUSIN2gClKtYYytMj9qdzge%2BatzDGHfXeUeYJf0%2Fv8AfPVvoy5YjSP8fccvv0vBD0R9z%2B5JwTCg%3D%3D&quot;,&quot;progress_indicator_type&quot;:&quot;stepper&quot;,&quot;enable_revenue_hero&quot;:false,&quot;revenue_hero_router_id&quot;:&quot;4668&quot;,&quot;revenue_hero_thank_you_message&quot;:&quot;Thank you for booking!&quot;}\"><\/div>\n                                            <\/div>\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\" style=\"padding-top:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20)\">\n<div class=\"wp-block-group is-content-justification-space-between is-layout-flex wp-container-core-group-is-layout-17 wp-block-group-is-layout-flex\" style=\"margin-bottom:var(--wp--preset--spacing--10)\">\n<h3 class=\"wp-block-heading\">Related Resources<\/h3>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-link-arrow is-style-link-arrow--3\"><a class=\"wp-block-button__link has-btn-brand-background-color has-background wp-element-button\" href=\"\/resources\/?topic%5B0%5D%5B0%5D=Product\">View all<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-query blog-3-col-query-loop is-layout-flow wp-block-query-is-layout-flow\"><ul class=\"columns-3 alignfull wp-block-post-template is-layout-grid wp-container-core-post-template-is-layout-2 wp-block-post-template-is-layout-grid\"><li class=\"wp-block-post post-27027 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized resource-type-blog\">\n\n<div class=\"wp-block-group has-border-color has-neutral-100-border-color has-white-background-color has-background is-vertical is-layout-flex wp-container-core-group-is-layout-20 wp-block-group-is-layout-flex\" style=\"border-width:1px;min-height:100%\"><figure style=\"aspect-ratio:16\/9;width:100%;height:100%; padding-bottom:0;padding-top:0;margin-bottom:0;\" class=\"wp-block-post-featured-image\"><a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-january-2026\/\" target=\"_self\"  style=\"height:100%\"><img loading=\"lazy\" decoding=\"async\" width=\"1152\" height=\"760\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail.webp\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Product Update: January 2026\" style=\"width:100%;height:100%;object-fit:cover;\" srcset=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail.webp 1152w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail-300x198.webp 300w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail-1024x676.webp 1024w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail-768x507.webp 768w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail-576x380.webp 576w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/02\/Product-Update-January-2026-thumbnail-440x290.webp 440w\" sizes=\"auto, (max-width: 1152px) 100vw, 1152px\" \/><\/a><\/figure>\n\n\n<div class=\"wp-block-group blog-3-col-details wp-container-content-3 is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-group-is-layout-19 wp-block-group-is-layout-flex\" style=\"margin-top:0;padding-top:var(--wp--preset--spacing--10);padding-right:var(--wp--preset--spacing--10);padding-bottom:var(--wp--preset--spacing--10);padding-left:var(--wp--preset--spacing--10)\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-18 wp-block-group-is-layout-flex\"><div style=\"font-style:normal;font-weight:600\" class=\"taxonomy-resource-type eh-resource-type wp-block-post-terms\"><img decoding=\"async\" class=\"wp-block-post-terms-icon\" width=\"20\" height=\"20\" alt=\"icon-blog\" loading=\"lazy\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2023\/02\/ManagedHR-1-1.png\"><a href=\"https:\/\/employmenthero.com\/my\/resources\/blog\/\" rel=\"tag\">Blogs<\/a><\/div>\n\n<h3 class=\"wp-block-post-title\"><a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-january-2026\/\" target=\"_self\" >Product Update: January 2026<\/a><\/h3>\n\n<div class=\"wp-block-post-excerpt has-text-color has-contrast-2-color has-small-font-size wp-container-content-2\"><p class=\"wp-block-post-excerpt__excerpt\">Welcome to the January 2026 product update from the 91±¬ΑΟ team. We\u2019ve got lots to share around Custom Forms,&hellip; <\/p><\/div><\/div>\n\n\n<a style=\"font-style:normal;font-weight:600;\" class=\"wp-elements-9dfcbcb7662772ecb2d671e8976a6c51 wp-block-read-more has-text-color has-violet-500-color\" href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-january-2026\/\" target=\"_self\">Read more<span class=\"screen-reader-text\">: Product Update: January 2026<\/span><\/a><\/div>\n<\/div>\n<a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-january-2026\/\" target=\"_self\" class=\"group-block-link\"><\/a>\n<\/li><li class=\"wp-block-post post-26921 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized tag-2025-product-update resource-type-blog topic-product\">\n\n<div class=\"wp-block-group has-border-color has-neutral-100-border-color has-white-background-color has-background is-vertical is-layout-flex wp-container-core-group-is-layout-23 wp-block-group-is-layout-flex\" style=\"border-width:1px;min-height:100%\"><figure style=\"aspect-ratio:16\/9;width:100%;height:100%; padding-bottom:0;padding-top:0;margin-bottom:0;\" class=\"wp-block-post-featured-image\"><a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-december-2025\/\" target=\"_self\"  style=\"height:100%\"><img loading=\"lazy\" decoding=\"async\" width=\"1152\" height=\"760\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail.webp\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Product Update: December 2025\" style=\"width:100%;height:100%;object-fit:cover;\" srcset=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail.webp 1152w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail-300x198.webp 300w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail-1024x676.webp 1024w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail-768x507.webp 768w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail-576x380.webp 576w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2026\/01\/December-2025-Product-Update-Thumbnail-440x290.webp 440w\" sizes=\"auto, (max-width: 1152px) 100vw, 1152px\" \/><\/a><\/figure>\n\n\n<div class=\"wp-block-group blog-3-col-details wp-container-content-6 is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-group-is-layout-22 wp-block-group-is-layout-flex\" style=\"margin-top:0;padding-top:var(--wp--preset--spacing--10);padding-right:var(--wp--preset--spacing--10);padding-bottom:var(--wp--preset--spacing--10);padding-left:var(--wp--preset--spacing--10)\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-21 wp-block-group-is-layout-flex\"><div style=\"font-style:normal;font-weight:600\" class=\"taxonomy-resource-type eh-resource-type wp-block-post-terms\"><img decoding=\"async\" class=\"wp-block-post-terms-icon\" width=\"20\" height=\"20\" alt=\"icon-blog\" loading=\"lazy\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2023\/02\/ManagedHR-1-1.png\"><a href=\"https:\/\/employmenthero.com\/my\/resources\/blog\/\" rel=\"tag\">Blogs<\/a><\/div>\n\n<h3 class=\"wp-block-post-title\"><a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-december-2025\/\" target=\"_self\" >Product Update: December 2025<\/a><\/h3>\n\n<div class=\"wp-block-post-excerpt has-text-color has-contrast-2-color has-small-font-size wp-container-content-5\"><p class=\"wp-block-post-excerpt__excerpt\">Welcome to the December 2025 product update from the 91±¬ΑΟ team. We\u2019ve got lots to share around Custom Forms,&hellip; <\/p><\/div><\/div>\n\n\n<a style=\"font-style:normal;font-weight:600;\" class=\"wp-elements-9dfcbcb7662772ecb2d671e8976a6c51 wp-block-read-more has-text-color has-violet-500-color\" href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-december-2025\/\" target=\"_self\">Read more<span class=\"screen-reader-text\">: Product Update: December 2025<\/span><\/a><\/div>\n<\/div>\n<a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-december-2025\/\" target=\"_self\" class=\"group-block-link\"><\/a>\n<\/li><li class=\"wp-block-post post-26905 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized tag-2025-product-update resource-type-blog topic-product\">\n\n<div class=\"wp-block-group has-border-color has-neutral-100-border-color has-white-background-color has-background is-vertical is-layout-flex wp-container-core-group-is-layout-26 wp-block-group-is-layout-flex\" style=\"border-width:1px;min-height:100%\"><figure style=\"aspect-ratio:16\/9;width:100%;height:100%; padding-bottom:0;padding-top:0;margin-bottom:0;\" class=\"wp-block-post-featured-image\"><a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-november-2025\/\" target=\"_self\"  style=\"height:100%\"><img loading=\"lazy\" decoding=\"async\" width=\"1152\" height=\"760\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized.webp\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Product Update: November 2025\" style=\"width:100%;height:100%;object-fit:cover;\" srcset=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized.webp 1152w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized-300x198.webp 300w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized-1024x676.webp 1024w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized-768x507.webp 768w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized-576x380.webp 576w, https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2025\/12\/BlogDownloadable_Generic-optimized-440x290.webp 440w\" sizes=\"auto, (max-width: 1152px) 100vw, 1152px\" \/><\/a><\/figure>\n\n\n<div class=\"wp-block-group blog-3-col-details wp-container-content-9 is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-group-is-layout-25 wp-block-group-is-layout-flex\" style=\"margin-top:0;padding-top:var(--wp--preset--spacing--10);padding-right:var(--wp--preset--spacing--10);padding-bottom:var(--wp--preset--spacing--10);padding-left:var(--wp--preset--spacing--10)\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-24 wp-block-group-is-layout-flex\"><div style=\"font-style:normal;font-weight:600\" class=\"taxonomy-resource-type eh-resource-type wp-block-post-terms\"><img decoding=\"async\" class=\"wp-block-post-terms-icon\" width=\"20\" height=\"20\" alt=\"icon-blog\" loading=\"lazy\" src=\"https:\/\/employmenthero.com\/my\/wp-content\/uploads\/sites\/4\/2023\/02\/ManagedHR-1-1.png\"><a href=\"https:\/\/employmenthero.com\/my\/resources\/blog\/\" rel=\"tag\">Blogs<\/a><\/div>\n\n<h3 class=\"wp-block-post-title\"><a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-november-2025\/\" target=\"_self\" >Product Update: November 2025<\/a><\/h3>\n\n<div class=\"wp-block-post-excerpt has-text-color has-contrast-2-color has-small-font-size wp-container-content-8\"><p class=\"wp-block-post-excerpt__excerpt\">Welcome to the November 2025 product update from the 91±¬ΑΟ team. We\u2019ve got lots to share around Workflows, Rostering,&hellip; <\/p><\/div><\/div>\n\n\n<a style=\"font-style:normal;font-weight:600;\" class=\"wp-elements-9dfcbcb7662772ecb2d671e8976a6c51 wp-block-read-more has-text-color has-violet-500-color\" href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-november-2025\/\" target=\"_self\">Read more<span class=\"screen-reader-text\">: Product Update: November 2025<\/span><\/a><\/div>\n<\/div>\n<a href=\"https:\/\/employmenthero.com\/my\/blog\/product-update-november-2025\/\" target=\"_self\" class=\"group-block-link\"><\/a>\n<\/li><\/ul><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s how you can better navigate hiring in an uncertain economic climate.<\/p>\n","protected":false},"author":5,"featured_media":23462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lite_auth_enabled":false,"_lite_auth_trigger_method":"scroll","_lite_auth_scroll_percent":25,"_lite_auth_click_element_query":"","exclude_from_algolia":false,"reading_time":"10 min read","display_reading_time":false,"download_content_type":"file","download_file":"16528","download_url":"","download_cta_label":"","footnotes":""},"categories":[1],"tags":[],"resource-type":[297],"topic":[255,260],"industry":[204,219,198,225,228,191,215,223,232,203,206,208,209,195,207,205,218,211,227,197,212,213,214,226,196,210,221,222,199,216,224,230,231,229,217],"audience":[],"business-size":[],"product-tag":[],"funnel-stage":[],"region":[],"pain-point":[],"persona":[],"post_features":[],"class_list":["post-7838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","resource-type-blog","topic-leadership-and-management","topic-people-and-culture","industry-agriculture","industry-automotive","industry-business-consulting","industry-childcare","industry-colleges-and-sporting-clubs","industry-construction","industry-consumer-services","industry-customer-service","industry-early-education","industry-ecommerce","industry-education","industry-entertainment","industry-finance","industry-financial-services","industry-franchises","industry-health-and-fitness","industry-health-services","industry-healthcare","industry-hospitality","industry-it-and-technology","industry-legal","industry-logistics-manufacturing","industry-media-communications","industry-not-for-profit","industry-professional-services","industry-public-relations","industry-real-estate","industry-real-estate-and-strata-management","industry-recruitment","industry-retail","industry-stem","industry-technology","industry-utilities-public-services","industry-veterinary-services","industry-youth-services"],"_links":{"self":[{"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/posts\/7838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/comments?post=7838"}],"version-history":[{"count":6,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/posts\/7838\/revisions"}],"predecessor-version":[{"id":26944,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/posts\/7838\/revisions\/26944"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/media\/23462"}],"wp:attachment":[{"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/media?parent=7838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/categories?post=7838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/tags?post=7838"},{"taxonomy":"resource-type","embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/resource-type?post=7838"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/topic?post=7838"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/industry?post=7838"},{"taxonomy":"audience","embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/audience?post=7838"},{"taxonomy":"business-size","embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/business-size?post=7838"},{"taxonomy":"product-tag","embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/product-tag?post=7838"},{"taxonomy":"funnel-stage","embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/funnel-stage?post=7838"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/region?post=7838"},{"taxonomy":"pain-point","embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/pain-point?post=7838"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/persona?post=7838"},{"taxonomy":"post_features","embeddable":true,"href":"https:\/\/employmenthero.com\/my\/wp-json\/wp\/v2\/post_features?post=7838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}