GLOBAL TALENT WAR: Winning The Global War for Talent â Are ...
June 11
Malaysia
GLOBAL TALENT WAR: Winning The Global War for Talent — Are You Ready? Most would argue that money is not the key driver for retention. Instead, it‟s all about work, contribution, personal development and personal growth.
In this issue, we provide an exclusive insight into Malaysia’s recruitment trends: Unlike
the
pa s t ,
th e
competition for talent has gone
from
just
local
talent, while at the same time trying to attract talent outside of your home base.
But in reality and from surveys, we know that it is otherwise. According to Maslow‟s Hierarchy of Needs theory, low-level needs such as physiological requirements and safety must be satisfied before higher-level needs such as self-fulfillment are pursued. In this respect, an employment has to meet the Safety needs by providing financial (salary) and job security before anything
to
international due to changing demographics
and
competition.
Talent
evolved into a according
global
to
has
commodity, a
study
by
McKinsey & Co. Therefore, devising
a
road
map
for
recruitment can help your c o m p a ny
i m p r ov e
th e
efficiency and effectiveness of
its
efforts,
talent-acquisition and
getting
the
else. Therefore, to compete in the global war for talent, we have to at least ensure that we pay competitively, otherwise all the other promises are meaningless.
fundamentals right is crucial to your success.
Also covered in this edition, two supplementary segments for employers on :
The New SiVA feature: Company Registration Number Display Recruitment Calendar for Jun/Jul/Aug 2011
Do you find the information on this page useful?
YES
NO
1. What exactly does competitive salary mean? "Competitive Salary" differs from location to location and from profession to profession. What it means is a salary that "compares favorably" to what other employers are paying, in the same general location and the same kind of job at the same level of seniority.
Data was sourced from the JobStreet.com database. The spectrum here indicates the key specializations where demand for professionals is growing. Based on the data above, we may contend that we are competitive, but we shouldn‟t ignore the fact that Singapore is paying almost 100% more than us. The geographical proximity, culture similarity and language commonality will further fuel the motivation for our local talent to work there. Even if we try to source talent from across the world to fill the gap, we will find that it is difficult to import these talent, due to a lack of salary competitiveness.
2. A re we competi ti ve compared to our neighboring countries? In the war for talent, the battlefield is now global. Regardless whether you are a Fortune 500 or local small medium enterprise, your challenge is to retain your Recruitment Insight gives you a closer look into recruitment trends in Malaysia, in particular, taking note of market outlooks across the most popular industries from the viewpoints of jobs and jobseekers. If you need further information, please contact [email protected]. © 2011 JobStreet.com. All Rights Reserved.
June 11
Malaysia
GLOBAL TALENT WAR: Winning The Global War for Talent — Are You Ready? 3. So, how does salary information help me in my talent sourcing? a. Entering salary information will help you manage the quality of applications: You don‟t want to waste time screening or interviewing candidates with salary expectations that are out of your range. b. Displaying salary information will help you attract jobseekers who wouldn‟t otherwise apply: From our survey we found out that 48% of the candidates will not apply for a job unless they know the salary information. These are the “Passive” jobseekers who are currently in a comfortable job and not in a hurry to change jobs, unless they are very certain that the prospect is better.
5. What else can I do if I cannot remunerate competitively as compared with the Best-inclass organizations? Remember Maslow‟s Hierarchy of Needs Theory? Financial security is just one of the Safety Needs. If you cannot compete with them, take an alternative route. You can still win the race by focusing on the job security aspect of the Safety Needs.
4. How do I insert the salary information in my job advertisement? Simply specify a minimum figure and a maximum figure for the specific job, and you will have a viable salary range that‟s good to go. Please see sample illustration.
RECOMMENDATION 1. Statistics tell that jobs with salary information have 20% more applications when compared with jobs without it.
Not sure about the salary information? Please use our
Salary Report to refer to the present market rate for the position you are posting.
2. Otherwise, you can apply the FAIDA selling format: Findable, Attention, Interest, Desire, Action when creating your advertisements. Refer to March 11 Recruitment Insight for clear guidelines. Do you find the information on this page useful?
YES
NO
Recruitment Insight gives you a closer look into recruitment trends in Malaysia, in particular, taking note of market outlooks across the most popular industries from the viewpoints of jobs and jobseekers. If you need further information, please contact [email protected]. © 2011 JobStreet.com. All Rights Reserved.
June 11
Malaysia
SUPPLEMENTARY SEGMENT SiVA Feature Update: Company Registration Number Display With this Act, we have recently enhanced our SiVA system with the objective to:
Inform employers and SiVA users of this government regulation where Company Registration Number is not provided
According to
Capture the Company Registration Number from employers to display in their job advertisements
the Malaysia Companies Act (Amendment 1966) of Sections 121 and 338, all local companies are required to incorporate their
Ensure most advertisements posted in JobStreet.com will carry the Company Registration Number
How can you update your Company Registration Number in SiVA? When SiVA users log in, they will see a pop-up message (as seen in the screen shot below). This only applies to users with Super User‟s and Administrator‟s rights. Once the Company Registration Number has been updated and saved, every new advertisement created will have the Company Registration Number pre-filled in the ad creation page. Pop out message appears once login
respective company numbers
Pre-filled company number in
right after the
ad creation page
company name in their documents. This includes written advertisements made by the
Where to update in Company Profile page
company in newspapers and other mass media. Failure to do so
The display in job advertisement
would result in a compound for each advertisement.
Do you find the information on this page useful?
YES
NO
Recruitment Insight gives you a closer look into recruitment trends in Malaysia, in particular, taking note of market outlooks across the most popular industries from the viewpoints of jobs and jobseekers. If you need further information, please contact [email protected]. © 2011 JobStreet.com. All Rights Reserved.
June 11,
SUPPLEMENTARY SEGMENT EVENTS & RECRUITMENT CALENDAR FOR JUN/JUL/AUG 2011 We have created a Recruitment Calendar for your easy reference. It contains important dates like University Career Fairs, the Biggest Career Fair in Malaysia, the JobStreet.com MCTF (Career Fair) and dates when students are graduating from their respective universities. This will allow you to plan your recruitment activities in order to coincide with some of these important dates. For a full 12-month calendar, please refer to the January issue (Recruitment Insight Jan „11, Volume 1)
Do you find the information on this page useful?
YES
NO
Recruitment Insight gives you a closer look into recruitment trends in Malaysia, in particular, taking note of market outlooks across the most popular industries from the viewpoints of jobs and jobseekers. If you need further information, please contact [email protected]. © 2011 JobStreet.com. All Rights Reserved.
Malaysia
GLOBAL TALENT WAR: Winning The Global War for Talent — Are You Ready? Most would argue that money is not the key driver for retention. Instead, it‟s all about work, contribution, personal development and personal growth.
In this issue, we provide an exclusive insight into Malaysia’s recruitment trends: Unlike
the
pa s t ,
th e
competition for talent has gone
from
just
local
talent, while at the same time trying to attract talent outside of your home base.
But in reality and from surveys, we know that it is otherwise. According to Maslow‟s Hierarchy of Needs theory, low-level needs such as physiological requirements and safety must be satisfied before higher-level needs such as self-fulfillment are pursued. In this respect, an employment has to meet the Safety needs by providing financial (salary) and job security before anything
to
international due to changing demographics
and
competition.
Talent
evolved into a according
global
to
has
commodity, a
study
by
McKinsey & Co. Therefore, devising
a
road
map
for
recruitment can help your c o m p a ny
i m p r ov e
th e
efficiency and effectiveness of
its
efforts,
talent-acquisition and
getting
the
else. Therefore, to compete in the global war for talent, we have to at least ensure that we pay competitively, otherwise all the other promises are meaningless.
fundamentals right is crucial to your success.
Also covered in this edition, two supplementary segments for employers on :
The New SiVA feature: Company Registration Number Display Recruitment Calendar for Jun/Jul/Aug 2011
Do you find the information on this page useful?
YES
NO
1. What exactly does competitive salary mean? "Competitive Salary" differs from location to location and from profession to profession. What it means is a salary that "compares favorably" to what other employers are paying, in the same general location and the same kind of job at the same level of seniority.
Data was sourced from the JobStreet.com database. The spectrum here indicates the key specializations where demand for professionals is growing. Based on the data above, we may contend that we are competitive, but we shouldn‟t ignore the fact that Singapore is paying almost 100% more than us. The geographical proximity, culture similarity and language commonality will further fuel the motivation for our local talent to work there. Even if we try to source talent from across the world to fill the gap, we will find that it is difficult to import these talent, due to a lack of salary competitiveness.
2. A re we competi ti ve compared to our neighboring countries? In the war for talent, the battlefield is now global. Regardless whether you are a Fortune 500 or local small medium enterprise, your challenge is to retain your Recruitment Insight gives you a closer look into recruitment trends in Malaysia, in particular, taking note of market outlooks across the most popular industries from the viewpoints of jobs and jobseekers. If you need further information, please contact [email protected]. © 2011 JobStreet.com. All Rights Reserved.
June 11
Malaysia
GLOBAL TALENT WAR: Winning The Global War for Talent — Are You Ready? 3. So, how does salary information help me in my talent sourcing? a. Entering salary information will help you manage the quality of applications: You don‟t want to waste time screening or interviewing candidates with salary expectations that are out of your range. b. Displaying salary information will help you attract jobseekers who wouldn‟t otherwise apply: From our survey we found out that 48% of the candidates will not apply for a job unless they know the salary information. These are the “Passive” jobseekers who are currently in a comfortable job and not in a hurry to change jobs, unless they are very certain that the prospect is better.
5. What else can I do if I cannot remunerate competitively as compared with the Best-inclass organizations? Remember Maslow‟s Hierarchy of Needs Theory? Financial security is just one of the Safety Needs. If you cannot compete with them, take an alternative route. You can still win the race by focusing on the job security aspect of the Safety Needs.
4. How do I insert the salary information in my job advertisement? Simply specify a minimum figure and a maximum figure for the specific job, and you will have a viable salary range that‟s good to go. Please see sample illustration.
RECOMMENDATION 1. Statistics tell that jobs with salary information have 20% more applications when compared with jobs without it.
Not sure about the salary information? Please use our
Salary Report to refer to the present market rate for the position you are posting.
2. Otherwise, you can apply the FAIDA selling format: Findable, Attention, Interest, Desire, Action when creating your advertisements. Refer to March 11 Recruitment Insight for clear guidelines. Do you find the information on this page useful?
YES
NO
Recruitment Insight gives you a closer look into recruitment trends in Malaysia, in particular, taking note of market outlooks across the most popular industries from the viewpoints of jobs and jobseekers. If you need further information, please contact [email protected]. © 2011 JobStreet.com. All Rights Reserved.
June 11
Malaysia
SUPPLEMENTARY SEGMENT SiVA Feature Update: Company Registration Number Display With this Act, we have recently enhanced our SiVA system with the objective to:
Inform employers and SiVA users of this government regulation where Company Registration Number is not provided
According to
Capture the Company Registration Number from employers to display in their job advertisements
the Malaysia Companies Act (Amendment 1966) of Sections 121 and 338, all local companies are required to incorporate their
Ensure most advertisements posted in JobStreet.com will carry the Company Registration Number
How can you update your Company Registration Number in SiVA? When SiVA users log in, they will see a pop-up message (as seen in the screen shot below). This only applies to users with Super User‟s and Administrator‟s rights. Once the Company Registration Number has been updated and saved, every new advertisement created will have the Company Registration Number pre-filled in the ad creation page. Pop out message appears once login
respective company numbers
Pre-filled company number in
right after the
ad creation page
company name in their documents. This includes written advertisements made by the
Where to update in Company Profile page
company in newspapers and other mass media. Failure to do so
The display in job advertisement
would result in a compound for each advertisement.
Do you find the information on this page useful?
YES
NO
Recruitment Insight gives you a closer look into recruitment trends in Malaysia, in particular, taking note of market outlooks across the most popular industries from the viewpoints of jobs and jobseekers. If you need further information, please contact [email protected]. © 2011 JobStreet.com. All Rights Reserved.
June 11,
SUPPLEMENTARY SEGMENT EVENTS & RECRUITMENT CALENDAR FOR JUN/JUL/AUG 2011 We have created a Recruitment Calendar for your easy reference. It contains important dates like University Career Fairs, the Biggest Career Fair in Malaysia, the JobStreet.com MCTF (Career Fair) and dates when students are graduating from their respective universities. This will allow you to plan your recruitment activities in order to coincide with some of these important dates. For a full 12-month calendar, please refer to the January issue (Recruitment Insight Jan „11, Volume 1)
Do you find the information on this page useful?
YES
NO
Recruitment Insight gives you a closer look into recruitment trends in Malaysia, in particular, taking note of market outlooks across the most popular industries from the viewpoints of jobs and jobseekers. If you need further information, please contact [email protected]. © 2011 JobStreet.com. All Rights Reserved.
