Showing posts with label Employment. Show all posts
Showing posts with label Employment. Show all posts

Sunday, March 5, 2023

Jobseekers' Market Prevails in Southeast Asia and Hong Kong Despite Economic Slowdown

4:46:00 PM


 

According to a recent study titled “What Job Seekers Wish Employers Knew: Unlocking the Future of Recruitment” by SEEK, the Boston Consulting Group (BCG), and The Network, Southeast Asia and Hong Kong remain a jobseekers’ market in 2023 despite the possible economic slowdown. SEEK is the parent company of Asia’s leading online employment marketplaces, JobStreet and JobsDB. The study surveyed 97,324 respondents in the Philippines, Indonesia, Hong Kong, Malaysia, Singapore, and Thailand. It found that 34% of the talent surveyed are actively looking for a new job, and 40% of Filipino respondents said they are not actively looking for a new job but are open to good offers.

The study also revealed that Filipino jobseekers are motivated by finding a role with higher seniority or trying out a new profession. Moreover, the majority of the talent surveyed around the region feel confident to look out for new opportunities despite fears of recession. This is because they are aware of their attractiveness to employers. In fact, 74% of talent around the region are approached multiple times per year about new job opportunities, and 87% of Filipinos receive multiple job offers per year.

Filipinos are more optimistic about judging their position in the labor market, with 78% feeling positive and confident about negotiating positions, particularly in the areas of business, finance, and sales. This figure is slightly higher than the global average of 68%. SEEK Asia Chief Executive Officer Peter Bithos commented on the findings, stating that while hiring growth may slow down during times of uncertainty, it is still a jobseekers’ market right now. Therefore, it is important for employers to know how to attract, recruit and retain talent.

The study also reveals that those working in IT roles are the most coveted talent across Indonesia, Hong Kong, Malaysia, the Philippines, and Singapore, as they are frequently approached with job opportunities on a weekly and monthly basis. “Despite the waves of layoffs by tech companies in the region and around the world, the demand for tech talent still remains based on the report’s findings. This is consistent with SEEK’s observation of a 29% YoY (2021 vs 2022) increase in job ads for tech roles in the region, based on data from our JobStreet and JobsDB platforms,” added Bithos.

This study shows that the job market in Southeast Asia and Hong Kong remains favorable for job seekers in 2023. With this knowledge, employers need to adapt their recruitment strategies to attract, recruit and retain talent effectively. It is also important to note that those working in IT roles are currently in high demand, making it a promising career path for those who want to enter the job market or are looking to switch careers.




 

Talent’s Top Priorities

Most respondents (71%) to the survey in Southeast Asia and Hong Kong said that they desire, above all, a stable job with a good work-life balance. This preference is dominant across job roles, countries, and age groups. However, the survey revealed that Filipino talent are slightly more interested in taking leadership positions and in building their own successful businesses one day.

This is in line with Filipino jobseekers’ deal breakers​ when​ looking for a new role, with 28% citing work-life balance as a deal breaker, ranking second after financial compensation (35%). They also consider retirement and insurance benefits that come along with the job offer (27%).

When it comes to the desired working conditions, Filipinos are more interested in having a hybrid setup (46%), followed by fully remote (28%). When it comes to working time, Filipino talent are in line with global results, preferring a traditional five-day workweek.

Bithos says, “These last few years have been a wake-up call to many. Today, we are knee-deep in the era of ‘The Great Reconfiguration’ as employees are reconfiguring their work and personal lives, prioritizing the latter with greater demand for work-life balance and flexibility. Meanwhile, employers are increasingly looking for different skills, with a continued focus on digital and technology skills. Employers that want to attract great talent with the skills that their businesses require must cater to these changing needs.”

 

Ideal Hiring Journey

The survey also debunked and proved several recruitment myths and gave insight into what Filipino jobseekers want in their recruitment journey.

For instance, a smooth and timely process is the number one way for an employer to stand out during recruitment, as mentioned by 77% of respondents. Moreover, 52% of respondents named “negative experience during recruitment” as the key reason they would refuse an otherwise attractive job offer.

Indicating a salary range (53%) is the number one feature that matters to Filipino jobseekers in a good job ad, and if included, this is the first piece of information candidates will look at.

The survey also revealed that a recommendation by a friend is the best way to raise interest when a Filipino talent is not looking for a job. But once they are interested, most people will look for further information through social media and company websites. And when it comes to applying for a job, people either apply through their personal networks or use recruitment platforms.

JobStreet Philippines Country Manager Philip Gioca emphasized that talent is in demand and jobseekers know it. “More companies have started opening a lot of opportunities and more Filipino jobseekers have built their confidence in seeking jobs and negotiating positions that really fit their needs. Candidates will have the tendency to be more selective and this is a good challenge for hirers to improve their recruitment process.”

The report also provided recommendations for employers, including how to overcome their biases to increase their talent pool, calibrate their approach to different personas, get culture fundamentals right, and more.

For more information on the reports in Asia, they can be found here for the Philippines.

Wednesday, April 28, 2021

JobStreet launches its Going Hyperlocal Campaign with microsites and virtual career fairs in several regions

7:21:00 AM

 


Who would have not known the name Jobstreet? In fact when it comes to finding your dream job Jobstreet is the place to look for it. In this time of the pandemic, many of our Kababayans were at loss. Some of them were layoff and some are still looking for the right employment for them. 

Living up to its commitment to provide jobs that matter across the country, leading online job portal JobStreet is going hyperlocal as it launches its dedicated microsite for Cebu, Iloilo, and Davao as well as its upcoming virtual career fair with the selected Department of Labor and Employment (DOLE) Regional Offices in time for the upcoming Labor Day.

The initiatives also help boost the job market in provinces as the public is encouraged to decongest Metro Manila following the on-going pandemic.

Jobseekers from Cebu, Iloilo, and Davao can now browse thousands of jobs available in their locality through the respective microsites. Candidates can also learn from work-life guides and advice from JobStreet’s career hub which will be written in their local dialect.

“Many Filipinos recently returned to their provinces because of layoffs or the new work from home arrangements and this caused a shift in the labor market. We’ve also observed that candidates from major provinces have increased their activities in terms of platform website visits, which is why we really targeted to promote local employment and provide them valuable support in their career through their own dialect,” said JobStreet Philippines Country Manager Philip Gioca.



During the virtual press launch, we were able to ask about its activity of going hyperlocal if they are going deeper into different municipalities in terms of promoting and hiring online. Fortunately, it was read and Mr. Philip Gioca, Country Manager of JobStreet Philippines gave a great response, according to him, "...the objective really is to get to the bottom part... the whole archipelago, all the island, that's our dream. Unfortunately, it is limited to the infrastructure.  For as long as it has connectivity and internet you can actually subscribe to that. How far that will be? It really depends on the municipality, but you know what, after a year of this pandemic we actually accelerated connectivity..."

Hyperlocal microsites

The microsite for Cebu offers opportunities from the top industries namely Call Center/IT-Enabled Services/BPO (12.5%), Manufacturing/Production (7.6%), Healthcare/ Medical (6.5%), Education (5.5%), and Construction/Building/Engineering (5.2%). The average salary reported in Cebu is Php 31,487.

Candidates from Davao can apply for jobs with an average salary of Php 28,500 as top industries continue hiring such as Call Center/IT-Enabled Services/BPO (8.7%), Healthcare/Medical (7.8%), Education (7.2%), Food & Beverage/Catering/Restaurant (5.6%), and Retail/Merchandise (5.3%).

Meanwhile, thousands of jobs are also found in Iloilo microsite with an average salary of Php 27,370. Top industries include Healthcare/Medical (13.6%), Call Center/IT-Enabled Services/BPO (9.2%), Education (8.3%), Construction/Building/Engineering (5.6%), and Food & Beverage/Catering/Restaurant (5.3%).

As of 2021, JobStreet earned a 13% growth in average platform visits from Cebu, 56% from Davao, and 44% in Iloilo. Moreover, hirers from the said provinces are gradually picking up. Based on JobStreet Database as of March 2021, job offerings based in Central Visayas grew by 9% from a sharp decline in 2020. Western Visayas recently jumped to 44% increase in job openings, while Davao Region is also recovering with 26% job postings this year. Ensuring that the initiative will be advantageous for both local hirers and candidates, JobStreet is also establishing a local team in each province to accommodate queries.

Labor Day Virtual Career Fair

JobStreet continues to support the Department of Labor and Employment (DOLE) in providing livelihood among Filipinos during this period. Following the success of the recent Virtual Career Fair, JobStreet partners with selected DOLE regions to launch another Virtual Career Fair on May 1 to 3.

Over 100 companies from Luzon, Visayas, and Mindanao have participated in the upcoming Virtual Career Fair, offering thousands of jobs nationwide. Candidates from different regions will also have a chance to experience engaging features such as live chats, on-the-spot interviews with HR representatives, and companies’ virtual booths. In addition, DOLE Regional Offices will accommodate concerns and questions from candidates via chat in the platform.

Jobseekers can join the online raffle as JobStreet goes live on its official Facebook Page on the first day of the Virtual Career Fair on May 1 at 5:00PM. “We appreciate DOLE and the participating regions for trusting to partner with JobStreet in this initiative. We’re hoping that the Virtual Career Fair would be able to reach out to more jobseekers across the country who are looking for opportunities at this time,” shared Gioca.


The Virtual Career Fair is now open for pre-registration through http://bit.ly/JobStreetDOLEVCF.

Provincial microsites are also accessible via http://bit.ly/JobStreetIloilo, http://bit.ly/JobStreetCebu, and http://bit.ly/JobStreetDavao.

Monday, October 22, 2018

FWD and Humanity & Inclusion Partnered Together in Helping People with Disabilities in Asia to Find Employment

5:13:00 PM


One of the things that I learned in my previous job is that there should always be equal opportunity to everyone, no matter what is your race, status, or abilities. Everyone must be given a chance to prove that too can do things for the company and for the community.  That is why I am glad when I was given a chance to be part of the event conducted by FWD Life Insurance, the most exciting insurance brand in the country, and Humanity & Inclusion (this is formerly known as Handicap International), an independent international aid organization, which is the celebration of the beginning of Forward Together project. It aims to help young people with disabilities find employment opportunities in the Philippines and beyond.

It is an event created to help media and bloggers (me included)  understand people with disabilities through an interactive visual language activity, and escape room challenge (which unfortunately I wasn't able to join).

Through the regional partnership initially announced by the insurer in the first half of 2018, both organizations will work towards advocating equal opportunities and empowering people with disabilities in Asia. With FWD Group investing USD 1million, the Forward Together project will train at least 380 youth with disabilities in the Philippines and Indonesia and help them secure sustainable employment or business opportunities.


“FWD Life Philippines aims to end the stigma that disability corresponds to inability,” FWD Life Philippines President and Chief Executive Officer Peter Grimes said. “Through our partnership with Humanity & Inclusion, we hope to provide a platform for people with disabilities to showcase their strengths and abilities. We want to encourage everyone to help create a future with a difference for people with disabilities with opportunities to become valuable and equal contributors to the community.”
 



“Developing countries are encouraged to invest in youth, but unfortunately, young people with disabilities are usually overlooked in employment and entrepreneurship opportunities,” said Bryan Andrew Marsalis, Humanity & Inclusion Regional Operation Coordinator. “That is why we are very delighted to have such strong support from FWD Group in our advocacy of improving the lives of youth with disabilities. Through this project, we will work with selected employers – including FWD Group – across the two target countries to improve their capacity to employ youth with disabilities.”

“At FWD, we are committed to promoting social inclusion and active participation of persons with disabilities, and are very excited to kick start our work with Humanity & Inclusion,” said FWD Life Philippines Head of Marketing and Community Care Country Lead Roche Vandenberghe. “With the Forward Together project, we are enabling businesses and organizations such as ours to become catalysts for quality job creation.”




To give you a few information about FWD and Humanity & Inclusion please see below details and how to contact them.

FWD Philippines
FWD Life Insurance Corporation (“FWD Life”) is the first life insurance company licensed by the Insurance Commission of the Philippines under the new Insurance Code. FWD launched its commercial operations in September 2014. By March 2017, FWD Life is the highest-capitalized life insurer in the Philippines with PhP 2.3 billion in paid-up capitalization.1 Based on premium income data published by the Insurance Commission2, FWD Life now ranks 10th in the insurance industry in terms of weighted new business premiums.3

FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Japan, offering life and medical insurance, general insurance, and employee benefits across a number of its markets. Established in Asia in 2013, FWD is the insurance business arm of investment group, Pacific Century Group. In the Philippines, FWD has 12 business hubs located in key cities nationwide with its headquarters in Bonifacio Global City in Taguig. FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.

For more information, please visit fwd.com.ph

1 www.insurance.gov.ph> Statistics > 2017 > Based on Paid-Up Capital
2 www.insurance.gov.ph> Statistics > 2017 > Based on Premium Income
3 Weighted New Business Premium Income: 100% of first-year premium on regular-pay plans + 10% of single-pay premiums

About Humanity & Inclusion
Founded in 1982 in refugee camps on the Thai-Cambodian border, co-recipient of the 1997 Nobel Peace Prize, Humanity & Inclusion (the new name of Handicap International) is an independent and impartial organization working in situations of poverty and exclusion, conflict and disaster.

We work alongside people with disabilities and vulnerable populations, taking action and bearing witness in order to respond to their essential needs, improve their living conditions and promote respect for their dignity and fundamental rights.

Outraged by the injustice faced by people with disabilities and vulnerable populations, we aspire to a world of solidarity and inclusion, enriched by our differences, where everyone can live in dignity.

At present, Humanity & Inclusion works in 59 countries globally, with additional offices in 8 high-income countries. For more information, please visit www.handicapinternational.ph.




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