Employment Outlook 2018 - Thailand
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Thailand
Employment Outlook 2018
Worldwide leaders in specialist recruitment
www.michaelpage.co.th
Worldwide leaders in specialist recruitment
www.michaelpage.co.th
EMPLOYMENT
OUTLOOK
Thailand
2018 Market Insights
Demand for professional recruitment to Top industries
be driven by Thailand 4.0 & strong FDI
Overall outlook
As Thailand embraces its further evolution towards a value economy Engineering & Supply Chain Business Services
and foreign direct investment (FDI) increases, the outlook for
professional recruitment services continues to look strong. Heavy
governmental support for foreign companies investing in Thailand will
induce new flows of capital, and increases hiring activity from foreign
MNCs looking to launch operations locally. This development would
have a very positive effect for Thailand, the economy as a whole and Digital & Software Property & Construction
the outlook for employment. Development (Technology)
“2018 will be an exciting year for Thailand as the country moves
By the numbers*
closer towards its strategic goal of being a knowledge based
economy. The shift in country priorities signify new employment
and upskilling opportunities for Thai professionals. Companies will
also consider strengthening their capabilities in digital, software
applications and technology in line with Thailand 4.0.”
Kristoffer Paludan, Director, Michael Page Thailand
3 professionals
average number of
candidates employers
interview before
making a job offer
Key trends
• Thailand’s Industry ministry recently revealed that Thailand’s
emerging Eastern Economic Corridor (ECC) is expected to see
1-2 months
investments of more than USD$43 Billion over the next five years
covering rail, road, air transport and ports around the country. This
investment is expected to lead to fantastic employment opportunities
across a number of sectors and industries.
average time
employers take to
• Thailand has through its 4.0 strategy been a cluster for innovation secure talent
and start-ups across a number of industries including E-Commerce,
Bio-Tec, Digital, Robotics, IoT, and Software Development amongst
others, which have led to a surge in hiring within these areas in 2017
and are foreseen to continue in 2018.
• The transformative shift of providing high value services, technologies 2-3 rounds
and start-ups have seen a significant upsurge of great quality Thai of interviews typically
professionals. This has resulted in many international organisations undergone by candidate
shifting their focus towards the local employment market, and in
with a company before
some cases, replacing expatriate hires with local Thai nationals.
securing a position
.
*These employment trends are based on the Michael Page database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.th
Thailand
EMPLOYMENT
OUTLOOK
Engineering &
2018 Manufacturing
“As one of the strongest manufacturing bases in the ASEAN region, professionals in the industrial sector
in Thailand will be expected to drive high tech, world-class manufacturing processes that emphasise
automation, quality, efficiency and cost minimisation.”
Roles in demand Top industries
• Plant Operations Managers
• Engineering & Maintenance Building materials Chemical
Managers
• Quality / Continuous
Improvement Managers
FMCG Automotive
By the number*
$
16-20% average salary increase when moving jobs
Employment trends*
3 professionals 1-2 months 2-3 rounds
average number of candidates average time employers of interviews typically undergone
employers interview before take to secure talent by candidate with a company
making a job offer before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.th
EMPLOYMENT
OUTLOOK
Thailand
2018 Finance & Accounting
“In 2018, we expect an increase in demand for finance professionals with hands-on experience and strong
knowledge of local tax and compliance. Companies are looking for skilled finance business partners with
local and international market exposure.”
Roles in demand Top industries
• Accounting Managers
Industrial FMCG
• Finance Directors
• Plant Controller Supervisors
Business Services Pharmaceutical and
Healthcare
By the number*
$
21-25% average salary increase when moving jobs
Employment trends*
3 professionals 1-2 months 2-3 rounds
average number of candidates average time employers of interviews typically undergone
employers interview before take to secure talent by candidate with a company
making a job offer before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.th
EMPLOYMENT
OUTLOOK
Thailand
2018 Human Resources
“In 2018, we will see a shift in the skillsets required of Human Resources candidates. The focus will
move to strategic HR Business Partnering and growing the organisation through contemporary talent
management and leadership development policies.”
Roles in demand Top industries
• HR Business Partners
• Organisational & Talent Industrial FMCG
Development
• Talent Acquisition / Recruitment
Managers
Business Services Healthcare and
Pharmaceutical
By the number*
$
21-25% average salary increase when moving jobs
Employment trends*
3 professionals 1-2 months 2-3 rounds
average number of candidates average time employers of interviews typically undergone
employers interview before take to secure talent by candidate with a company
making a job offer before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.th
EMPLOYMENT
OUTLOOK
Thailand
2018 Marketing
“Marketing candidates with strong multi-channel experience will be in high demand in 2018. Candidates
who are experts in digital marketing with strong consumer acquisition exposure will be pulled towards new
startups from larger, more traditional organisations.”
Roles in demand Top industries
• Brand Managers
• Product Managers FMCG Financial Services
• Marketing Communications
• Digital Managers
Digital / Technlogy E-commerce
By the number*
$
16-20% average salary increase when moving jobs
Employment trends*
3 professionals 1-2 months 2-3 rounds
average number of candidates average time employers of interviews typically undergone
employers interview before take to secure talent by candidate with a company
making a job offer before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.th
Thailand
EMPLOYMENT
OUTLOOK
Procurement &
2018 Supply Chain
“Supply chain management will be pushed to the forefront of business strategies in 2018.
Managers and other supply chain professionals will need to play more integral business partnering roles
to ensure transparency, end-to-end coverage, technology integration and customer orientation.”
Roles in demand Top industries
• Supply Chain Managers
• Logistics and Warehouse Builing Materials Business Services
Managers
• Procurement Managers
Chemical Automotive
By the number*
$
16-20% average salary increase when moving jobs
Employment trends*
3 professionals 1-2 months 2-3 rounds
average number of candidates average time employers of interviews typically undergone
employers interview before take to secure talent by candidate with a company
making a job offer before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.th
EMPLOYMENT
OUTLOOK
Thailand
2018 Sales
“In 2018, we will see an increase in demand for senior management and mid-level sales candidates,
especialy in the industrial sector; along with roles in technical business-to-business sales
and digital sales solutions for both traditional companies and startups.”
Roles in demand Top industries
• Sales Managers
• Business Development FMCG / Consumer Digital / Technology
Managers
• Account Managers
Industrial / Technical Sales General Business Services
By the number*
$
16-20% average salary increase when moving jobs
Employment trends*
3 professionals 1-2 months 2-3 rounds
average number of candidates average time employers of interviews typically undergone
employers interview before take to secure talent by candidate with a company
making a job offer before securing a position
*These employment trends are based on Michael Page’s database in the last 12 months.
Worldwide leaders in specialist recruitment
www.michaelpage.co.th
THAILAND Bangkok 689 Bhiraj Tower at EmQuartier 41st Floor, Unit 4108 – 4109 Sukhumvit Road, North Klongton, Vadhana, Bangkok 10110 Thailand T +662 012 5000 | F +662 012 5001 enquiries@michaelpage.co.th
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