The consultancy markets in Malaysia are rapidly growing especially in sustainability and environmental services and human resources due to the dynamic market changes, corporate strategies and new technologies. In the field of sustainability and environmental consultancy, Malaysia has shown strong support for green policies and the international agreements such as the Paris Agreement. These policies highlight the nation’s efforts towards sustainable development. These policies require strict compliance to environmental standards and encourage environmental sustainability in many industries, which requires the services of consultants. Many industries, including manufacturing, construction, and agriculture, are now finding that sustainability makes good business sense because it is profitable. This recognition is driving the market for consultants who provide services in the environmental assessment, resource management, and green accreditation.
At the same time, the market of HR consultancy services in Malaysia is growing, as businesses face challenges in managing the modern employees. The shift to digitalization and the adoption of new technologies such as artificial intelligence and big data in the HR processes are key growth factors. Businesses look for HR consultants to put into practice such technologies, boost the acquisition of talents, increase engagement, and optimize performance. Also, changes in labor laws and regulations make it necessary for organizations to adhere to the law, thus seek outside help. The increasing focus on the development of the positive organizational climate and the enhancement of the employees’ experience also boosts the need for HR consultants. Altogether, it is possible to conclude that both sustainability and the HR consultancy markets are growing in Malaysia because of the business needs to improve efficiency, meet the requirements, and embrace innovations.
Keeping abreast of the latest developments in these business landscapes, Asia Business Outlook has shortlisted the select few companies that have proved their excellence through their innovative approach. In a bid to contribute to the business ecosystem with their result-oriented persistence, these companies are raising the bar for efficacy.
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