Job Market 2013: The New Trends

Transcription

1 } 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 PHILIPPINES INDONESIA INDIA JAPAN THAILAND VIETNAM

2 Introducing JobStreet.com

3 JobStreet.com Offices in 8 Countries 850 Employees 1. Malaysia 2. Singapore 3. Philippines 4. Indonesia 5. India 6. Thailand 7. Japan 8. Vietnam

4 Demographics >11,000,000 Registered Jobseekers in Asia Pacific >2,000,000 Registered Jobseekers in Malaysia >200,000 Employers in Asia Pacific >70,000 Employers in Malaysia

5 Reaching Another Milestone The 2 Millionth Malaysian Jobseeker Member Gives you the widest reach for finding good talent

6 2 Million Members!

7 What is the Job Market Outlook for 2013?

8 For YTD May 2013, the number of ads posted was slightly lower comparing to the same corresponding period in previous year Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Private & confidential Source: JobStreet.com

9 Job Posting Numbers by Top 10 Industry Manufacturing - Production ICT Construction Financial & Banking Wholesale and Retail Hospitality Manufacturing - E&E Consulting Biotech / Healthcare Others Private & confidential Source: JobStreet.com

10 Job Posting Numbers by Top 10 Specialization Sales Accounting ICT Secretarial & Administraion Engineering -E&E / Mechanical Marketing Civil / Construction / Property / Building Maintenance Manufacturing Engineering -Industrial Services Human Resources Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Private & confidential Source: JobStreet.com

11 Where are the HR Competencies Required? Top 10 industries and Specialisations (source: JobStreet.com) Job Postings by Top 10 Industry 1. Manufacturing production 2. ICT 3. Construction/Property 4. Financial& Banking Job Postings by Top 10 Specialisation 1. Sales 2. Accounting 3. ICT 4. Admin 5. Wholesale & Retail 5. Engineering E & E/ Mechanical 6. Hospitality 6. Marketing 7. Manufacturing E& E 7. Civil/ Construction/ Property 8. Consulting 8. Manufacturing 9. Biotech/ Healthcare 9. Engineering Industrial Services 10 Others 10 Human Resources Private & confidential Low applications for some of these areas. Demand > Supply at the moment. 11 Source: JobStreet.com

12 JOB MARKET OUTLOOK SURVEY Q2 2013

13 Job Outlook Is Looking Positive For 2 nd Quarter Of % Job Outlook: Will 2Q2013 be Better or Worse than 2Q % 31% 32% 35% 34% 30% 25% 20% 15% Improving 15% 12% 16% 18% 10% 5% 3% 4% 0% Much better Slightly better Same Slightly worse Much worse 2Q2013 2Q2012 Source: JobStreet.com survey

14 Increase in Hiring Activities 45% 40% Increase in Hiring Rate Hiring Activities for the next 12 month 40% 38% 35% 34% 30% 28% 27% 25% 24% 20% 15% 10% 8% 5% 1% 0% We're expanding, hence hiring more people We're maintaining our hiring rate Hiring less/filling in essential positions only We're not hiring in the forseaable future 2Q2013 2Q2012 Source: JobStreet.com survey

15 Increase of Jobseekers Confidence in Securing Job for Q2 JobStreet.com Employee Confidence Index (MY) Confidence Index JECI Improves for Q Jan-13 Feb-13 Mar-13 Apr-13 May-13 Source: JobStreet.com survey

16 Sales and Accounting/Finance Specialization Are Most Sought After By Employers Top 10 specializations employers seek 2Q2013 1Q Sales 2 4 Accounting/Finance 3 9 Clerical/General Adminstation 4 3 Manufacturing 5 2 Marketing & Business Development 6 5 Engineering (Mechanical) 7 10 Customer Service 8(new) Computer & IT (Software) 9 5 Engineering (Others) 10 8 Human Resources Source: JobStreet.com survey

17 WHAT DOES THIS MEAN?

18 What does this mean? Our business need people now! It s WAR out there! Private & Confidential 18

19 ICT Job Market Outlook 2013 Source: Pikom ICT Job Market Outlook 2013

20 Job Seeking Trends 2013

21 78% claimed that they were unhappy with their current job Source: JobStreet.com survey

22 Job Hopping EMPLOYERS GAP EMPLOYEES It s unhealthygen-y employees tend to quit their jobs more easily (84%) Willnot hire someone with job hopping tendency (83%) No careerdevelopment (75%) Provide training,better working environment and compensation (68%) Job Hopping Trend It's healthy to get more experiences from the different jobs (75%) Job Hopping Mindset Intend to switch job within 1-2 years(49%) Reasonfor Job Hopping HowTo Retain Require more reward and compensation(81%) Provide competitive rewards based on performance(36%) Source: JobStreet.com survey

23 For more information on our surveys and recent reports, visit

24 WHAT DOES THIS MEAN?

25 Show me the MONEY For salary report, visit: salary-report.php?country_code=my From our survey in 2011 about Working Abroad : 87% of those polled reported interest in working abroad 42% of them cited money as the main driver Companies need to be aligned to the Market Rate

26 But Show me the Opportunitiestoo Job Motivation Survey Private & Confidential 26

27 ABOUT FRESH GRADS

28 What each side says about Fresh Grad hiring 1 Top Reasons Why Fresh Graduates Were Not Hired (2011 Survey) Employers' Opinion* Asking for unrealistic salary/benefits (64%) Fresh Graduates' Opinion** Stiff competition (32%) 2 3 Poor character, attitude or personality (60%) Poor command of English language (56%) Lacking of certain required skills (31%) Poor command of English language (23%) 4 Poor communication skills (52%) Poor communication skills (22%) 5 Choosy about the job or company (38%) Note: Survey conducted by JobStreet.com *571 human resource personnel participated (October 2011) **1,830 fresh graduates participated (November 2011) Do not know Mandarin/Tamil (19%)

29 What employers think is lacking among unemployed graduates Expectations 64% Should ask not what the company will do for them but what they can do for the company first Should know the market value (do research) Attitude 60% Should demonstrate continuous learning/self learning Should demonstrate ownership/commitment etc. Good communication skills (English) 56% & 52% Should be able to communicate & articulate well in the business language Should be able to work as part of a team Should show confidence Choosy 38% Should know the market outlook Should be realistic about the ideal first job/ company

30 General Expectations from Companies of a Good Graduate/ Hire Good values (e.g. honest, confident yet humble, innovative and creative); Positive attitudes (e.g. proactive, hardworking, high motivation and curiosity driven); Work-related skills (e.g. communication, entrepreneurship and leadership skills); and Preparedness to work (e.g. industry-ready skills and ability to perform well in a working environment). Source: Unesco Report

31 Singaporeans & Filipinos have better English than Malaysians Average Score JobStreet.com ELA Average Score (Feb 2013) Malaysia s average scores are behind Singapore & the Philippines ELA Avg Score 95% believe that an enhanced quality of the English Language improves the productivity of employees 66% employers have turned down a potential new hire due to their command of English Language Source: JobStreet.com Survey, 2009

32 Some Fundamentals It is important that the education programmes offered are able to equip graduates with the necessary skills to join the workforce including both intellectual and practical skills (e.g. Technical or domain specific knowledge & skills) (e.g. Other important skills including Communications, Logical thinking, Project Management, interpersonal skills, General Knowledge etc.) Attitude Skills Knowledge

33 Some Fundamentals It is also important to align to the needs of the Work Place, so that Graduates have the right preparedness to enter the workforce Internships is key Projects/ Coursework Involvement of industry in curriculum review, guest lecturing, providing career talks etc. Skills Attitude Knowledge Recent survey by MOHR stated that 77% of the fresh grad respondents cited the need of mentor/ coaches to help them look for jobs Minimum requirement The Graduates Must be able to do the job

34 Understanding the New Age Candidate Better to Attract The Right Talent

35 Hygiene and Motivation Factors Majority of Jobseekers Need to inform this as well

36 The Better Way ATTRACTING THE RELEVANT AND SERIOUS CANDIDATE

37 Problems Faced Today in Online Job Advertising Too Easy to Apply for a Job Candidates Apply Too Many Jobs Candidates Didn t Turn Up for Interviews All of us want to target Serious & Genuine Candidates!

38 Old New

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40 Absence of salary information stop better candidates from applying Filter out candidates that would find it undesirable to commute Reduce interview no shows. Sharing insights into your company can engage relevant jobseekers and tell them if they will fit in Work environment Pictures Why join us Giving you serious and relevant candidates

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42 Some Examples of Richer Job Ads

43 Air Products Shared Services SdnBhd

44 Air Products Shared Services Sdn Bhd

45 Air Products Shared Services Sdn Bhd

46 Air Products Shared Services Sdn Bhd

47 Shangri-La Hotel (KL) SdnBhd

48 Shangri-La Hotel (KL) Sdn Bhd

49 Shangri-La Hotel (KL) Sdn Bhd

50 Some Examples of Corporate Video

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55 THANK YOU