What s in store for the future Job Market?
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- Imogen Gilmore
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1 } Connecting Businesses With talent { What s in store for the future Job Market? SINGAPORE MALAYSIA PHILIPPINES INDONESIA INDIA JAPAN THAILAND
2 Trend # 1: Job Posting trend of Top Industries and Top Specialisations will remain, but jobs will continue to evolve
3 Hiring climate is looking positive for the 3rd quarter of 2014 Hiring activities increased by 15% compared to last year s Q3. Hiring ac vi es for the next 12 months 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 42% 31% 30% 27% 25% Q % 8% Q % 2% hiring more people maintaining hiring less l replacing / filing 6% not hiring
4 Most of the hiring activities to fill up the vacancies will be happening between 1st - 3rd quarter of the year Recruitment Period for Employers 37% 40% 34% 34% 35% 30% 25% 17% 20% 15% 10% 5% 0% Jan - Mar Apr - Jun Jul - Sept Oct - Dec
5 Jobseekers Confidence Index dropped 3 pts in Aug compared to same quarter last year JobStreet.com Employee Confidence Index (MY) 2014 vs Confidence Index Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
6 Manufacturing remained the top industry Top 5 Industry With The Highest Job Postings Manufacturing Production 4,500 Construction 1. Manufacturing Production 2. Construction 3. Banking & Financial Svs 4. ICT 5. Wholesale & Retail 4,000 3,500 3,000 2,500 Banking & Financial Svs ICT Wholesale and Retail Hospitality Consulting Biotech / Healthcare 2,000 Manufacturing - E&E Human Resources / RF 1,500 Others 1,000 Oil & Gas Education 500 Printing / Arts FMCG
7 Sales remained the top specialization that employers seek Top 6 Specialization Employers Seek Sales 4,000 Accounting 1. Sales 2. Accounting 3. Secretarial & Administration 4. ICT 5. Marketing 6. Engineering E&E/Mechanical 3,500 3,000 2,500 2,000 Secretarial & Administration ICT Marketing Engineering - E&E / Mechanical Civil / Construction / Property / Building Maintenance Banking & Financial Svs Manufacturing 1,500 Engineering - Industrial Services Human Resou rces 1,000 Operations Management Customer Service 500 Arts & Design / Printing Hospitality
8 New Jobs Trending
9 Skills Related Various Position Title Cloud related jobs Snapshot of vacancies today Web Developer (Cloud Solutions) -.net Systems Integration Sr. Advisor (Virtualization & Cloud, VMware) Business Development Manager (Cloud / Virtual Storage) ~100 Mobile Application Developer Mobile App Software Developer / Programmer Game Developer (Mobile / Server) Mobile App Developer (Android / ios) Web Mobile Developer PHP Web Developer ~120 Mobile developer UI / UX UI / UX Designer Lead UX-UI Mobile Designer SEO/SEM SEO Web Developer SEO Link Builder ~60 Digital/ Social Media Marketing Digital Marketing Expert Social Media Specialist ~50 Big Data Big Data / NoSQL Consultants Enterprise Architect Head of PPC Analytics Data Analyst Marketing Data Analyst ~24 ~50
10 What this means... Many of these are technology driven, so jobs are going to continue to evolve New skills will be required, else the threat of being obsolete Demand vs Supply? The higher learning curriculum will need to catch up as quickly too..
11 Trend # 2: Job seeking via mobile is on the rise
12 % Mobile Visits and Mobile Applications has grown tremendously over the past 3 years Malaysia
13 What this means... Mobile friendly design/ experience Easy to use & feature rich mobile app
14 Latest innovations on mobile 14
15 Responsive Job Ad Design 15
16 Update Resume On The Go First in South East Asia 16
17 Trend # 3: The War for the Right Talent will rage on. How do you differentiate?
18 What s the War for RIGHT Talent About? Competing for Right Candidates Emergence of Younger Candidates Work-life balance expectations Understand & React Competing against Other Companies Much more companies operating in the country Job Requirement and skills gap widening Anticipate & Adapt 18
19 45.00% 40.00% 35.00% JobStreet.com Database Overall MY Jobs By Position Level Profile 39.96% 30.00% 24.20% 25.00% 20.00% 15.40% 15.00% 10.00% 11.80% 5.57% 3.06% 5.00% 0.00% Non-Executive Fresh/Entry Level Junior Executive Senior Executive Manager Senior Manager Overall MY Job Applications by Age Group 37.74% 40.00% 35.00% 31.12% 30.00% 23.86% 25.00% 20.00% 15.00% 10.00% 5.00% 6.84% 0.35% 0.09% 0.00% 20 and below Source: JobStreet.com Database Active & Eager [Fresh] Active & Aggressive Less Active [Semi Experienced] [Experienced] and above Passive [Very Experience] 19
20 FACT: Increasing Work-Life Balance Expectations 44% 56% Source: JobStreet.com Candidate Survey - MY#Work-Life Balance, Sept
21 FACT: Increasing Work-Life Balance Expectations 73% 44% 56% 27% Source: JobStreet.com Candidate Survey - MY#Work-Life Balance, Sept
22 FACT: Increasing Work-Life Balance Expectations 33% 73% 39% 44% 56% 27% 28% Source: JobStreet.com Candidate Survey - MY#Work-Life Balance, Sept
23 FACT: Increasing Work-Life Balance Expectations 33% 39% 73% 23% 39% 44% 56% 27% 28% Source: JobStreet.com Candidate Survey - MY#Work-Life Balance, Sept % 23
24 FACT: Increasing Work-Life Balance Expectations 33% 39% 73% 23% 39% 44% 56% 27% 28% Sun Mon Tue Source: JobStreet.com Candidate Survey - MY#Work-Life Balance, Sept % Wed Thr Fri Sat 24
25 FACT: 20% More Companies Since 2009 The number of Malaysian Companies increased by Last 5 Years Local Co. 20% in the Foreign Co. Total Co. Total Businesses ,527 4, ,852 4,090, ,675 4, ,054 4,362, ,083 4, ,500 4,646, ,013,449 4,492 1,017,941 4,971, ,059,698 4,564 1,064,262 5,301,378 Growth 20.62% 5.75% 20.28% 29.60% Source: 25
26 FACT : Job Requirements and Skills Gap Widen 60% 14.5% 3.5% 1% 21% Source: JobStreet.com Survey - MY Employment Perception on Fresh Graduates, July 1,
27 FACT : Job Requirements and Skills Gap Widen 60% 14.5% Graduate more demanding on $ 42% 43% Graduate show bad attitudes & Communication skills 3.5% 42% 68.5% 1% Graduate lack work experience outside lecture 16% 21% 56% 6% Source: JobStreet.com Survey - MY Employment Perception on Fresh Graduates, July 1,
28 How to Get RIGHT Talents Fast Action # 1 ATTRACTING THE RIGHT CANDIDATE Find your Company s Unique Selling Proposition & Position it Understand Each Job Position s Skills Requirements Well Check your Competitor s Job Ad and Respond Accordingly 28
29 How to Get RIGHT Talents Fast Action # 2 Using JobStreet.com SiVA Job Ad Setting to your Advantage Expected Salary Specify Location FILTERING THE RIGHT CANDIDATE Language or Skill Test Specialization & Job Role Position Title 29
30 Mondelez Malaysia Sales Sdn Bhd Richer Job Ads help enhance our Company Branding as well as improve responses to our job ads. Ms Grace Munsayac HR Director, Malaysia and SEA C&B Director
31 Trend # 4: Complain as you may, but the NEW generation is here to stay.
32 Top reasons for fresh grad unemployment
33 Top complaints by employers when it comes to interview etiquette amongst junior level candidates Source: JobStreet.com survey
34 JobStreet.com s Job Mobility Survey
35 95% respondents wants to work abroad 54% 41% 5%
36 Large majority of Fresh Grad to Senior Executive want to work abroad 6% 12% 24% 25% 27% 4%
37 Top# 3 Preferred Work Location UK, Australia & Europe
38 Top reasons why Gen-Y opt to work abroad
39 What this means... Graduate Employability need to be enhanced collaboration between Higher Learning Institutions, Industry and Society Adopt new trends of talent engagement like wellness, flexibility, gamification etc. Focus on their Career Growth
40 THANK YOU
Job Market 2013: The New Trends
} Connecting Businesses { With talent GETTING IT RIGHT... PREPARING THE NEXT GENERATION OF TALENT IN MALAYSIA Job Market 2013: The New Trends TALENT CONFERENCE 2013 Date: 1 July, 2013 SINGAPORE MALAYSIA
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