BANGKOK, THAILAND – Media OutReach – August 1, 2023 – A significant shift in Thailand’s employment landscape has emerged, with 46% of Thais actively looking for a new job right now, according to a recent national survey. Another 10% plan to start a job search within the next 6 months. This unprecedented trend reveals a dynamic labor market marked by increased fluidity and the willingness of individuals to explore new career opportunities.
This recent study by specialist recruiters Michael Page Thailand has 942 participating Thai workers and reveals that 1 in 2 employees have changed roles since the start of the pandemic. These data point to a fundamental shift in the relationship of labor to its employment, leading to an “invisible revolution” characterized by a more transactional approach to work.
According to the Michael Page Thailand Talent Trends 2023 report titled “The Invisible Revolution”, the pace of change is accelerating. An astonishing 9 in 10 Thais who started a new job last year are open to new opportunities. A flexible mindset towards career progression has become the new norm, with the majority viewing career transitions as an integral part of their career path.
In light of this ongoing observation, Kristoffer Paludan, Regional Director of Michael Page Thailand says, “89% of all employees in Thailand are open to new opportunities. Even generally satisfied employees will explore new career opportunities. comprehensive package – attractive salaries, flexibility, career growth, frequent recognition and a work culture that aligns with their values across a range of areas, including sustainability, diversity, equity and inclusion.”
The correlation between the economy and job search behavior becomes more evident. In fact, 67% of the population is more likely to look for a new job when the economic environment deteriorates. However, this openness will not necessarily translate into job applications. After a high volume of professional migration during and after the pandemic, people are now focusing on finding job opportunities that best meet their individual ambitions and achieve their vision of an ideal work-life balance. .
Nicholas Kirk, CEO of PageGroup, said: “The trends in Thailand reflect the sentiment of the global talent market – every region has seen transformative change across all age groups, markets and industries.
“These are not fleeting trends or reactionary responses to turbulent times. Rather, they are reshaping the workplace in ways that will subtly but fundamentally change how companies attract and retain talent.”
The latest findings have highlighted a pressing need for Thai businesses to reassess their talent strategies as the labor market undergoes a profound transformation. To attract and retain top talent, employers must do more than simply adapt to these changing dynamics. By aligning their approaches with the changing workforce, companies can position themselves as attractive employers and foster competitive advantage in an ever-changing employment landscape.
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