SEEK, the parent company of Asia’s leading online job search platforms JobStreet and JobsDB, released its latest report on: “What Tech Jobseekers Wish Employers Knew: Unlocking the Future of Recruitment”
It found that tech candidates in Asia remain confident in their job prospects. By measuring from the applicant received Offer jobs several times a year and know yourself with strong bargaining power. The region’s tech labor market is showing signs of slowing. This is reflected by an 8% drop in the number of ads job postings for tech jobs in Q1 2023.
The survey, conducted jointly by Boston Consulting Group (BCG) (The Boston Consulting Group Co., Ltd.) and The Network, found that 71% of tech candidates in the region had a feeling that they have a high bargaining power Nearly half of respondents (46%) are contacted about new job openings on a weekly or monthly basis. This makes them a highly sought-after skilled workforce.
Peter Bithos, CEO of SEEK Asia, said: “In 2022, the rate of employment among tech candidates has skyrocketed. It is therefore not surprising that
This year we will see lower demand for tech talent compared to the same period last year, but the tech job postings on our platform remain higher.
The pre-COVID level reached 42%, indicating that the demand for tech candidates remains high despite the slowdown in tech hiring.”
“Many traditional tech companies are downsizing after overemploying during the COVID pandemic and continue to reduce their hiring rates. As many businesses are faced with higher interest rates and However, the demand for tech talent will remain. The World Economic Forum predicts that within the next five years, 150 million jobs in technology will increase. 2030 77% of jobs will require digital skills. However, the sector currently faces a shortage of tech-savvy talent. It can be seen that only one in three (33%) of global technology jobs where employees have the necessary digital skills
Data from SEEK platform shows average number of applications per job posting. Technology in Asia has increased by more than 40% compared to the same period last year. This suggests that tech candidates affected by layoffs are looking for new jobs. Or they expect better opportunities to find another job.
Therefore, understanding the needs of the technology candidate group This is key for companies looking to attract new talent or retain existing ones. According to the survey, “What Tech Candidates Want Entrepreneurs to Know: The Changing Future of Hiring and Recruitment,” the survey found that Top three motivations for tech talent to change jobs They were looking for a new job at a more interesting or higher position (55%), their current job had little growth potential (31%), and were dissatisfied with their current job salary and benefits. (26%)
Tech-savvy candidates also demand a stable job with work-life balance, with 68% of respondents viewing this as an ideal career path. Because they can spend time with family, friends and hobbies. What’s more, only 18% are willing to return to the office full-time, while 64% prefer a hybrid work style.
context in Thailand
Ms. Duangporn Prom-On, Managing Director of JobsDB Thailand (jobsDB Thailand), said, “For Thailand, Thai entrepreneurs can attract talented Tech Talent applicants by Understand the requirements and factors influencing applicants. whether it is compensation, bonuses and welfare, as well as the development of corporate culture in line with the lifestyles of modern people, such as
Emphasis on work-life balance, flexible work As well as taking into account the experience that candidates will gain from the beginning of the recruitment process. As a result, JobsDB as the “Best Employment Partner” is dedicated to supporting entrepreneurs who are looking for Tech Talent and Tech Talent candidates across industries get the best deals. We have conducted surveys and studied in depth. that enable entrepreneurs to be closely linked to the current labor market as well as being able to put these insights into practice.”
advice for entrepreneurs
65% of surveyed tech candidates agree that A smooth and timely recruitment process is of the utmost importance to make the respective entrepreneur or employer stand out during the recruitment process; and
Nearly half (47%) would reject the offer. if they are going through a negative experience Even if it’s an interesting offer. This report provides detailed insights into the actions entrepreneurs should consider when recruiting tech candidates, such as when posting a job, entrepreneurs should specify, salary range, job description. detailed and clear as well as the choice of flexible working styles
During the application and selection process Employers should offer face-to-face interviews with potential supervisors and recruiters. Because it is something that candidates in the field of technology attach great importance to. Including having honest and open discussions with future supervisors. While submitting an offer to the applicant Entrepreneurs should be open to further negotiations on bonuses or perks, and the tech candidates will be impressed. If the entrepreneur has given them enough time to consider accepting the offer
