{"id":37245,"date":"2021-08-05T00:46:07","date_gmt":"2021-08-04T17:46:07","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=37245"},"modified":"2021-08-05T00:46:10","modified_gmt":"2021-08-04T17:46:10","slug":"jobsdb-recaps-labor-market-situation-amid-the-fourth-wave-in-the-first-half-of-2021","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/jobsdb-recaps-labor-market-situation-amid-the-fourth-wave-in-the-first-half-of-2021\/","title":{"rendered":"JobsDB recaps labor market situation amid the fourth wave in the first half of 2021"},"content":{"rendered":"\n<p>In the first half of 2021, the job market survey, conducted by JobsDB, appears that Thailand&#8217;s unemployment rate in the first quarter of 2021 peaked at 1.96% for the first time in the last 5 years and since the pandemic began. <\/p>\n\n\n\n<p>The drop was caused by the reduction in the number of workers and the annual job-seeking season. Contrary to the downturn of the unemployment rate, overall job demand in Thailand both on digital job-seeking platforms and other online channels recovered with a 6.7% improvement compared with the second half of 2020. The survey also shows that the ratio of job vacancies to job applications is 1:80.<\/p>\n\n\n\n<p>Based on the report, the most in-demand jobs remain: 1) Sales, Customer Service and Business Development, which represents 15.3%\u00a0of overall market; 2) IT, 14.8%; and 3) Engineering, 10.0%.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a rel=\"noreferrer noopener\" href=\"https:\/\/www.thestorythailand.com\/en\/lazada-releases-first-of-its-kind-digital-commerce-confidence-index\/\" target=\"_blank\">Lazada releases First-of-its-kind digital commerce confidence index<\/a><\/li><li><a rel=\"noreferrer noopener\" href=\"https:\/\/www.thestorythailand.com\/en\/huawei-to-invest-us100-million-in-asia-pacific-startup-ecosystem-over-3-years\/\" target=\"_blank\">Huawei to invest US$100 million in Asia Pacific startup ecosystem over 3 years<\/a><\/li><\/ul>\n\n\n\n<p>In business perspective, it is found that sectors with the most recovered cases considering numbers of employment demand are: 1) Electronics; 2) Insurance; and 3) Manufacturing. Meanwhile, the sectors negatively affected the worst are: 1) Travel and Tourism, 51% 2) Professional Services, 22%; and 3) Industrial Goods, 21%.<\/p>\n\n\n\n<p>In light of the present situation, JobsDB is also preparing to organize another virtual career fair in September 2021 supporting Thailand&#8217;s labor market.<\/p>\n\n\n\n<p>&#8220;JobsDB has analyzed data and done an evaluation of the current job market after the third and fourth wave of the pandemic. The analysis shows that Thailand&#8217;s unemployment rate in the first quarter of 2021 reached the highest number at 1.96% in the last 5 years and since the spread of covid-19. At the same time, employment demand in Thailand both on digital job-seeking platforms and other online channels recovered which resulted in an increase of 6.7% compared with the second half of 2020.&#8221; said&nbsp;<strong>Pornladda Dathratwibul, JobsDB Thailand Country Manager<\/strong>.<\/p>\n\n\n\n<p>According to the job vacancies on the JobsDB website in the first half of 2021, it indicates that top in-demand categories for jobs remain: Sales, Customer Service and Business Development (15.3%); IT (14.8%); and Engineering (10.0%). The result also appears that the job categories with the highest recovery rate of employment are: Merchandising &amp; Purchasing (43.0%); Transportation &amp; Logistics (37.4%); and Insurance (36.4%)<\/p>\n\n\n\n<p>In business perspective, industries with the highest number of job postings still are: IT (9.6%); Manufacturing (6.2%); and Retail &amp; Wholesale (5.5%). Sectors with the highest growth rate of employment are: Electronics (52.6%); Insurance (48.0%); and Manufacturing (41.7%). In addition, it is also found that the competition ratio is down to 1 to 80 applications and the sum of job applications soared by 12%.<\/p>\n\n\n\n<p>JobsDB has partnered with major consulting firms, Boston Consulting Group and The Network, to conduct a global survey entitled &#8220;<em>Global Talent Survey<\/em>&#8220;, with over 200,000 survey respondents from 20 different industries in 190 countries. The survey comprises of 3 reports featuring Report 1: &#8220;Where do people want to work?&#8221;; Report 2: &#8220;How do people want to work?&#8221;; and Report 3: &#8220;What jobs do people want to do?&#8221;. In late 2020, the data were collected to study thorough trends of job market emerged from the aftermath of the covid-19 outbreak.<\/p>\n\n\n\n<p>Based on the survey, In Thailand, workers&#8217; perspective on desired working mode has shifted and accustomed to working remotely, with 73% of workers in Thailand would choose a combination of remote and on-site working mode and only 7% would work completely on-site if given the choice. The pandemic altered not only thoughts on desired working mode but also job preferences. The most valued job preferences were: 1) Financial compensation; 2) Good relationship with colleagues; and 3) Appreciation for your work.<\/p>\n\n\n\n<p>For interests in retraining and learning for improvement, 71% of Thai workers from the age of 21 \u2013 40 were open to learn for improvement as well as retrain for a different job role. For instance, job categories which needed to learn new skills are: Manual Work &amp; Manufacturing, Media &amp; Information, and Sales. The most used learning resources for self-improvement include: 1) On-the-job training; 2) Self-study; and 3) Conference &amp; seminar.<\/p>\n\n\n\n<p>Additionally, the pandemic also has had positive impacts on the workplace which are: 1) Use of digital tools (0.80) out of 2 scored by JobsDB; 2) Team collaboration (0.46); and 3) Flexibility in when and where to work (0.44). Thailand scores exceeded the global scores reflecting positive impacts toward Thai workers. In the aspect of environment and diversity, 53% of young workers refused to work for employers that don&#8217;t match their beliefs in environmental responsibility and 63% out of all workers refused to work for employers that don&#8217;t support diversity and gender equality,&#8221; said&nbsp;<strong>Pornladda<\/strong>.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Recently, JobsDB, Asia&#8217;s leading job search platform, scheduled to organize another virtual career fair in coming September.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first half of 2021, the job market survey appears that Thailand&#8217;s unemployment rate in the first quarter of 2021 peaked at 1.96% for the first time in the last 5 years and since the pandemic began. 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