JobStreet.com Job Outlook 2018 Salary report
JobStreet.com, Asia’s leading talent sourcing partner revealed its Job Outlook Report 2018, indicating that both employers and talent have a more optimistic outlook in 2018.
According to the JobStreet.com Job Outlook 2018 report, job opportunities for candidates are expected to be stronger than they were in 2017, with 30% of Malaysian employers indicating an increase in hiring activity – a 12% increase year-on-year. Meanwhile, 15% of the employers surveyed have mentioned that they will maintain their hiring rate in 2018. In addition, a notable drop in “hiring freeze” was observed by a 5% improvement from last year, affirming the growing momentum in hiring activity.
This growing confidence correlates with an increase in job postings – a 9% increase year-on-year – in which online migration of non-executive job postings contributed 3% to the overall growth.
“We see both employers and candidates sharing a more optimistic outlook towards the job market this year. The key drivers of this sentiment are the rise of start-ups, expansion of local businesses, and entry of foreign companies that will lead to job creation and the need for diversified skills. Therefore, we can expect both job hunting and hiring activity to pick up in 2018,” said Chook Yuh Yng, Country Manager of JobStreet.com Malaysia.
“In times of increased hiring activity, employers should look into emerging needs of employees as pull factors to be competitive in talent attraction and retention. Essentially, it is important for employers to find a balance between employees’ desired benefits and offered benefits to be able to retain and attract talent,” added Chook.
The JobStreet.com Job Outlook Report 2018 was shared during the JobStreet.com Malaysia Career and Training Fair 2018 (MCTF’18) along with JobStreet.com’s latest feature, Career Insights – a data-driven tool for insights into candidates’ intended job roles such as salary data, skill requirements, and industry trends. This new feature from JobStreet.com boasts a total of 162 roles, encompassing 75% of the most popular job roles across all industries to help candidates make better informed career decisions.