JobStreet.com’s 18th HR Networking Event brought together over 350 HR professionals from various industries in Petaling Jaya. This annual event serves as an effective platform where HR experts are able to share their knowledge and insights with other practitioners from all around the country. This year’s theme was “Building Successful Human Capital: Empowering Talent in a Challenging Economy”. The event featured the changing dynamics of the workforce and recruitment industry, which also addressed how human resources strategies can be enhanced to attract and retain talent in an uncertain economy.
“This annual event recognizes the important need for frequent exchange of insights and experience among HR professionals to address the challenges of HR today. It is a great way of keeping up with industry trends and serves as an invaluable platform to network with like-minded professionals. As Asia’s Best Talent Sourcing Partner, JobStreet.com a SEEK Asia company, we remain committed in helping organisations succeed and meet all their talent planning and hiring needs”, said Martin Hayden, Chief Commercial Officer of SEEK Asia.
In line with the conference theme, JobStreet.com released its Job Outlook Report 2017. The research for this report was conducted across six countries. In Malaysia, it revealed that 63% of candidates and employers agreed to a more conservative job outlook compared to the previous year. The challenging economy raised concerns among candidates that they may face stiffer competition in finding good jobs while employers are prudent with their hiring plans.
When surveyed in this challenging economy, 11% of employers indicated they would maintain hiring rates while only 18% of employers will increase hiring activity. According to the report, 54% of employers will largely replace or fill essential roles. Hence, the candidates’ concerns of not being able to find a good job are valid given that they will have to compete more aggressively.
Chook Yuh Yng, Country Manager of JobStreet.com, further commented “This challenging landscape has influenced the dynamics of the workforce in Malaysia. Employers now face increased pressure to tackle evolving needs and be innovative in their strategies of talent retention to ensure business success and continuity. In fact, these key themes are being explored during today’s event, aimed at helping HR professionals with actionable insights to take-away and implement.”Source: Media Release