JobStreet.com powered by Jora just held a Press Conference about “Key Winning Strategies to gear up for a robust job market outlook 2018” in Ho Chi Minh City, Vietnam.
At the Conference, the Press had a chance to meet and greet with Ms. Angie Phang – Group Regional Sales & Operation Director, SEEK Asia & Country Manager of JobStreet.com; Ms. Nguyen Thi Thu Trang – Country Head of Operations and Ms. Le Thi Huyen Anh – Head of Sales of JobStreet.com powered by Jora. The Conference revolved three important topics:
– Hiring expansion growth has ignited greater competition in talent acquisition in Vietnam
– Online platform empowers candidates to select a vast range of job opportunities at their finger tips
– Key winning strategies to gear up for Vietnam job market outlook with a candidate – driven market
Key winning strategies to gear up for Vietnam job market outlook 2018
Based on the exclusive survey “Job Outlook Report 2018” by SEEK Asia, hiring expansion remains robust though not as phenomenal as 2017. According to the survey, the number of hirers plans to expand business rises to 50% (18% lesser than that of 2017), meanwhile, 10% said that they will maintain the hiring rate in 2018. Additionally, the number of newly established and registered capital increased by 3 times comparing 2018 versus 2014, according to the report from Ministry of Planning and Investment. This is a fact that influx growth of start-ups and foreign companies entails candidate more choices. This will be a challenge for the candidates because of alignment with the dynamic of recruitment market, the technology evolution has also created new job titles and requirements of cross-category skills and competencies in the roles.
With the overall market data, JobStreet.com powered by Jora see the growth of candidate attraction to the job opportunities at Foreign Company increase by 10 times in 2018 versus 2017, and higher than local companies. And the candidates still prefer online job portals to apply or scan and monitor for new job opportunities with the higher score in 2018 versus 2017. This reflects by the on-going increasing of visit to our website after we centralized most of job opportunities in the market since September 2017. In addition, the competition in applying top desired jobs has increased with the lower score from Candidates when they are asked about “Is applying good job easier versus 2017?” Furthermore, the job market is expected to be diversified with new types of skills and jobs, while the competition in their field will become tougher. Based on our Job Happiness Index Report, we were fully updated which factors will impact to attract and retain Candidates, which are not just Salary or Position Title. The development of technology, as well as the number of companies and candidates, lead to the fact that the recruitment industry is no longer a Hirer but Candidate-driven market.
In contrast to Regional scenario, Hirers and Candidates in Vietnam see the market which is not brighter than 2017. However, the number of jobs across the region including Vietnam have still increased dramatically hence increase competition in acquiring and retaining talents. And same as Vietnam, there is regional most desired but least offered benefit, which is Medical coverage for family. Transportation plan and housing rental allowance are desired at Vietnam while Flexible working hours and Childcare support are desired at other countries across region. For the monetary payout, Junior and Supervisor position in Vietnam gets higher salary increment as well as guaranteed bonus payout, hence increases the candidate job monitoring activities for better opportunities.
With the discrepancy of Vietnam scenario versus Regional, together with the dynamic recruitment market, an Innovative platform must be utilized for a talent acquisition and retention strategies. The technology must be in place to have the continuously updated candidate analytics. Also, cross-nation insight should be in use for solving the puzzle of recruiting top talents.
About Jobstreet.com powered by Jora
JobStreet.com (JobStreet.vn) is a job portal found in 1997 and now is the number one’s online job advertising company in Southeast Asia with more than 10 offices across Singapore, Malaysia, Indonesia, Thailand, Philippines and Vietnam. Since November 2014, JobStreet.com has been a proud member of SEEK Limited – the world’s largest digital recruitment network. With the support from SEEK, JobStreet.com is currently serving over 260,000 corporate customers and 19,000,000 jobseekers.
Jora is an Australia-based search engine for jobs with the presence in more than 32 countries in the world including Vietnam. Unlike traditional job boards, users can search through hundred thousands of career opportunities, all sourced from many job sites from around Vietnam. We understand that finding a job can be quite frustrating, so we aim to make the website as simple and as intuitive as possible. Jora was founded by Cuong Hoang in 2012 and funded by SEEK in 2013 for global expansion.
Since the first launched in September 2017, JobStreet.com powered by Jora has become a pioneer in Vietnam Recruitment industry. Three months after the launching, this online portal attracted dramatically traffic, from 1.3 million to 2.7 million, and in last March, JobStreet.com powered by Jora set a new peak and reached 4.9 million traffic. Those are the optimistic sign for the right policy of JobStreet.com powered by Jora as well as prove the pioneer position of JobStreet.com.
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