Ultimate Guide to Work Trends 2021 - Thailand Edition - JobsDB
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Thailand Edition Ultimate Guide to Work Trends 2021 REPORT 1 | WHERE
CONTENT Introduction 02 What’s New? 03 Report Overview 04 Global Demographics 05 Thailand Results 08 Demographics 09 Global Attractiveness of Thailand 11 Willingness to Work Abroad 12 Global Results 16 Top 10 Countries and Cities 18 Emergence of New Mobility 20 Summary 23 Recommendations 24 Thank You 25 1
DECODING GLOBAL TALENT The Post-COVID Job Market We’re proud to share with you the world’s largest body of research on work trends, delivering global scale data with local depth. The results we are sharing with you are valid for a minimum of 2 years. We present this to you as part of our ongoing commitment as your No.1 Trusted Talent Partner in Asia. These results have deep actionable insights for your market that will enable you to better connect jobseekers to #JobsThatMatter. Following COVID-19, in this ‘New Normal’ jobs truly do matter more than ever. How these findings help you: Presented by: Provide the ability to be more focused in the jobseekers you approach Understand how appealing your market is and therefore if additional benefits or compensation In partnership with: would be required to attract a candidate Know which nationalities are worth targeting based on your market Discover if there are remote working opportunities that can be leveraged 2
WHAT’S NEW? Taking into consideration our ever-evolving employment landscape, and delivering on the commitment to provide the richest insights, additional areas have been explored across the 3 reports. COVID-19 New Mobility Assessment of direct impact on current International Remote Hiring working mode, employment, efficiency, Assessment of perception of mobility engagement and career outlook of work (versus mobility of workers) following surge in remote working and increased possibility of remote hiring Sustainability Evaluation of importance of sustainability & climate impact to jobseekers, status Diversity & Inclusion quo and room for improvement Evaluation of importance of D&I to jobseekers, challenges faced, status quo and room for improvement Source: 2020 BCG/The Network proprietary web survey and analysis 3
WHERE? MOBILITY OVERVIEW COVID has completely re-drawn the world map and the very definition of workforce mobility. This report covers the following: Willingness Emergence to work abroad of new mobility local & global perspective local & global perspective Top 10 Top 10 countries cities people wish people wish to live in. to work in Key findings globally: Willingness to move aboard has dropped significantly Top 10 countries and cities have changed due to impact and mismanagement of COVID Emergence of new mobility: work comes to you in the new world Source: 2020 BCG/The Network proprietary web survey and analysis 4
THE DEMOGRAPHICS LOCATION A great amount of time and care has gone into ensuring the scale of this report delivers deep and actionable insights. Americas Middle East & Africa Europe Asia-Pacific 10, 000 or more respondents Turkey Russia Indonesia Philippines 5,000 - 9,999 Denmark Spain Singapore US France Switzerland Malaysia respondents Germany Angola Hungary Serbia China (incl. Hong Kong) Algeria Kazakhstan Slovenia Thailand 1,000 - 4,999 Egypt Netherlands UK Mexico Ivory Coast Poland respondents Saudi Arabia Portugal South Africa Romania Cameroon Senegal Albania Ireland Democratic United Arab Austria Luxembourg 500 - 999 Chile Republic of Emirates respondents Belarus Congo Zambia Bulgaria Jordan Finland Benin Nigeria Azerbaijan Kosovo Australia Gabon Oman Belgium Kyrgyzstan India Iraq Qatar Bosnia Latvia Nepal 50 - 499 Argentina Iran Sudan Herzegovina Lithuania Pakistan respondents Brazil Kenya Syria Cyprus Sweden Canada Kuwait Togo Estonia Ukraine Lebanon Tunisia Greece Uzbekistan Libya Yemen Italy Morocco Less than 50 Other respondents Americas Other Middle East & Africa Other Europe Other Asia & Pacific Source: 2020 BCG/The Network proprietary web survey and analysis 5
THE DEMOGRAPHICS AGE, GENDER & 51% 47% 2% EDUCATION Prefer not to say 49% 22% 13% 13% Secondary High School Qualification Bachelor Master/Diploma 2% 1% Doctorate/ No Formal PhD/MD Education 10 20 30 40 50 60 70 80 Note: Percentage may not total 100 because of rounding Source: 2020 BCG/The Network proprietary web survey and analysis 6
THE DEMOGRAPHICS INDUSTRY 14% 8% & EXPERTISE Consumer Industrial Goods Most of them work in the Consumer Industry (14%), followed by Industrial Goods (8%) and Professional Services (7%). 7% 6% Note: Percentage may not total 100 because of rounding Professional Retail Services 6% 6% 6% 5% 4% Health Care Technology Financial Public Sector Travel & Tourism Institutions 3% 3% 3% 2% 1% Energy Telecom Media Non-profit Insurance Position 1% 25% Owner or Senior Management Middle Management 5% 19% Lower Management 25% Legal Other No Management Responsibilities 52% Source: 2020 BCG/The Network proprietary web survey and analysis 7
DECODING GLOBAL TALENT THAILAND The value of this report is that it deep dives into your market to deliver excellent local insights. Respondents: 2,843 Key findings: Compared to Indonesia, Hong Kong, Singapore, Malaysia, and Philippines, the drop in the willingness to work abroad is the highest in Thailand, from 95% in 2014 to 46% in 2020. Source: 2020 BCG/The Network proprietary web survey and analysis 8
THE DEMOGRAPHICS AGE, GENDER & 28% 68% 4% EDUCATION Prefer not to say & other 65% 2% 3% 28% Secondary Master/ Qualification Diploma Bachelor High School 1% 1% No Formal Doctorate/ Education PhD/MD 20 30 40 50 60 Note: Percentages may not total 100% due to rounding. Source: 2020 BCG/The Network proprietary web survey and analysis 9
THE DEMOGRAPHICS Legal INDUSTRY Non-Profit & LIVING Media Telecommunications SITUATION Insurance Public Sector Professional Services Retail 98% 2% Health Care Energy Travel & Tourism Native Expat. Financial Institutions Technology Consumer Industrial Goods Other Note: Percentage may not total 100 because of rounding Source: 2020 BCG/The Network proprietary web survey and analysis 10
GLOBAL ATTRACTIVENESS OF THAILAND Neighbouring citizens from Singapore, Malaysia, and Indonesia find Thailand even more attractive as before. Country Rank Rank 2018 2020 #1 Myanmar Singapore #2 Singapore Malaysia #3 Vietnam China #4 Hong Kong Indonesia #5 Malaysia Russia #6 Japan Sweden #7 Kenya Philippines Thailand Rank #8 Indonesia India 2014 2018 2020 #9 #10 Israel Russia Switzerland Qatar # 43 # 39 # 35 Countries from where people would like to come to Thailand to work Overall attractiveness of Thailand to global workers Source: 2020 BCG/The Network proprietary web survey and analysis 11
WILLINGNESS TO WORK ABROAD Downward Global Trend Thailand For talent segments in demand 2014 2018 2020 Young Highly Educated 95% 66% 46% 60% 45% Global For talent segments in demand 2014 2018 2020 Young Highly Educated 64% 57% 50% 56% 54% Note: Responses to questions “Please tell us to what extent you agree or disagree with this statement: “I'm willing to work abroad"". Percentage is calculated on the basis of responses of participants who consider moving abroad (answers “strongly agree” and “agree") and people already living abroad. “Young” classified as
LEAVING THAILAND 19 of 23 Surveyed Roles Are Willing Exceptionally high percentage of Media & Information roles are willing to leave Thailand, even higher than Singapore. Total 46% Yes 54% No Social Care 100% Yes Media & Information 88% Yes 12% No Arts & Creative Work 72% Yes 28% No Student 68% Yes 32% No Digitalization & Automation 67% Yes 33% No Science & Research 60% Yes 40% No Manual Work & Manufacturing 60% Yes 40% No Law 58% Yes 42% No Engineering & Technical Jobs 56% Yes 44% No Respondents not working 56% Yes 44% No Service Sector 54% Yes 46% No Marketing & Communication 53% Yes 47% No Sales 53% Yes 47% No Customer Services 53% Yes 47% No Health & Medicine 53% Yes 47% No Consulting 51% Yes 48% No IT & Technology 50% Yes 50% No Other 49% Yes 51% No Management 47% Yes 53% No Purchasing & Logistics 43% Yes 57% No Administration & Secretarial 42% Yes 58% No Human Resources 38% Yes 62% No Finance & Auditing 35% Yes 65% No Source: 2020 BCG/The Network proprietary web survey and analysis 13
ATTRACTIVENESS OF WORKING ABROAD FOR THAIS Compared to 2018, there are 2 more Asian countries in the list - Taiwan & China. 0 +1 +1 +2 +2 -1 -5 +2 -1 United Kingdom United States Switzerland Singapore Australia Canada Taiwan Korea Japan South China 2020 United Kingdom United States South Korea Switzerland Singapore Australia Germany Zealand Canada Japan New 2 018 Source: 2020 BCG/The Network proprietary web survey and analysis 14
WORKING REMOTELY 7% Less Likely than Global Average To attract global talent, companies should invest more in remote working infrastructure Top 10 countries where Top 10 countries that list Thais would look for Thai as a top pick for remote employers remote employment* 50% #1 Australia Singapore #2 Japan Malaysia Of Thais willing to #3 Singapore Russia work for a remote employer #4 United States China #5 China Indonesia #6 United Kingdom India 57% #7 Canada Philippines #8 Taiwan, China Qatar Of global workforce #9 Hong Kong, China South Africa is willing to work for a remote employer #10 South Korea United Arab Emirates *Countries listed have more than 100 respondenst Source: 2020 BCG/The Network proprietary web survey and analysis 15
GLOBAL POST-COVID JOB MARKET Emergence of Virtual Talent Pool This section will explore the impact of COVID-19 with there being a major shift in previously favoured destinations. This is likely due to travel restrictions limiting people’s ability to visit loved ones. Cross-border hiring is an option that can be rewarding, but not without its challenges. Source: 2020 BCG/The Network proprietary web survey and analysis 16
DECREASING WILLINGNESS TO WORK ABROAD Willingness to move abroad for work has been on the decline since 2014 in most countries, with very few exceptions. We see multiple reasons for this: Restrictions and uncertainty due to the COVID-19 crisis and travelling being perceived as not being safe. Emergence of nationalistic policies and tighter immigration regulations across key economies (e.g. Brexit, US). Virtual working becoming the norm, people may not NEED to move abroad anymore to find work but can do so remotely. 2014 2018 2020 63.8% 57.1% 50.3% Willingness to move abroad has been on the decline Source: 2020 BCG/The Network proprietary web survey and analysis 17
A REORDERING OF TOP DESTINATIONS The 2020 crisis also reshaped which destinations people find attractive when moving abroad. Rank 2014 2018 2020 #1 US US Canada #2 UK Germany US #3 Canada Canada Australia #4 Germany Australia Germany #5 Switzerland UK UK #6 France Spain Japan #7 Australia France Switzerland #8 Spain Switzerland Singapore #9 Italy Italy France #10 Sweden Japan New Zealand Key Findings: For the first time in 8 years, the US is not the most desired destination anymore. It’s replaced by Canada, followed very closely by Australia. These countries are also English speaking, but are perceived as safer, with better social systems, having better managed COVID, and being more welcoming to immigrants (especially Canada). Many Asian countries (Singapore, Japan, New Zealand) have grown in popularity, likely due to better management of COVID-19. Source: 2020 BCG/The Network proprietary web survey and analysis 18
TOP 10 CITIES TO WORK IN Asian Cities Go Up in Rankings 0 +3 +3 -1 -6 +8 +4 +9 -5 -1 8% 9% 10% 11% 11% 11% 13% 14% 15% 18% Amsterdam Abu Dhabi Singapore Barcelona New York London Sydney Tokyo Berlin Dubai Key Findings: Several EU destinations (Germany, Spain, Italy, France) have lost their appeal, but London is still the most desired city to move for work Dubai, Abu Dhabi, Tokyo and Singapore are much higher ranked in 2018, but New York has dropped in the list Source: 2020 BCG/The Network proprietary web survey and analysis 19
A DIFFERENT KIND OF MOBILITY With the emergence of remote working, people may not need to 56.9% physically move abroad. Working remotely for a foreign employer could be a valid alternative. 57% of respondents are willing to work remotely for a foreign employer. Compared to 50% who are interested in physical mobility. 84% 82% 82% 80% 80% 76% 75% 74% Global Average 73% 71% 71% 65% 64% 60% 59% 57% 56% 56% 55% 55% 55% 51% 51% 50% 50% 47% 44% 43% 43% 42% 41% 39% 37% 36% United Arab Emirates United Kingdom United States Saudi Arabia South Africa Netherlands Switzerland Ivory Coast Philippines Indonesia Germany Pakistan Thailand Belgium Sweden Zambia Mexico Nigeria Austria Jordan Poland France Kuwait Russia Turkey Bernin Sudan Brazil China Egypt Spain India Italy DRC Latin America Middle East Europe & Central Asia Asia-Pacific North America Sub-Saharan Africa & Caribbean & North Africa Note: Countries displayed are top 30 by either GDP or working population, or top/bottom 5 outliers in percentages of respondents that would work for an international remote employer. Source: 2020 BCG/The Network proprietary web survey and analysis 20
REGIONAL DIFFERENCES However, there are regional differences. Respondents from African, Latin American and CEE are more open to working remotely. Respondents from Middle East and Western Economies, less so. When looking at the most attractive countries for remote employment, the US moves back to the top place. People are still excited to work for American companies, but not as interested to live in the US. Country ranked higher for remote work Country ranked lower for remote work 25% 24% 22% 22% 20% 20% 19% 19% 17% 14% 14% 11% 11% 11% 11% 10% 9% 9% 9% 8% United Kingdom United Kingdom United States United States New Zealand Switzerland Switzerland Singapore Singapore Australia Australia Germany Germany Canada Canada Austria France France Japan Japan Top destinations for international remote employment Top destinations for physical relocation for work Source: 2020 BCG/The Network proprietary web survey and analysis 21
CAPTURING THE BENEFITS OF VIRTUAL MOBILITY Tapping into the emerging virtual global talent pool could have many benefits for governments, employers, and workers. On a National Level Virtual mobility could help to reverse brain drain and motivate people to move from large cities to less frequented areas. For Employers Hiring talent remotely will open up new talent pools, reduce relocation and payroll costs, and help improve diversity. For Individuals Remote international work is an opportunity to offer their services to the highest bidder, without having to uproot their lives and families. Source: 2020 BCG/The Network proprietary web survey and analysis 22
SUMMARY Post-COVID-19 Job Market COVID-19 has reduced the willingness to travel abroad for work. The top 10 countries and cities to work have changed. There are more Asian cities in the list now. A virtual talent pool has emerged, opening up possibilities for governments, employers and workers. Source: 2020 BCG/The Network proprietary web survey and analysis 23
V I R T U A L TA L E N T P O O L RECOMMENDATIONS Legal & Regulatory Challenges Cultural Differences Set up a specialised HR team or use Enforce a trial period to ensure suitability special providers for global insurance and of foreign employees. Plan periodically for payroll. Employ people as gig workers. physical meets. Varying Time Zones Unequal Data Protection Shift towards asynchronous Standards communication. Encourage the culture Review data handling practices and of writing and documenting. increase training in cross-border data protection. Pay Disparity Do away with a one-size-fits-all solution. Compensation should be in line with company brand and values. Source: 2020 BCG/The Network proprietary web survey and analysis 24
Thank you for downloading this report. We believe this will give you immense power as you move to fill positions in your companies. For future insights a localised version of this report is also available in: Malaysia jobstreet.com.my Singapore jobstreet.com.sg Philippines jobstreet.com.ph Hong Kong hk.jobsdb.com Thailand th.jobsdb.com/th COMING SOON REPORT 2 How? Work Preferences Several key shifts have emerged in what matters to people at work and what work model they prefer, driven by 2020 trends and crisis situations. REPORT 3 What? Labour market shifts Recent crisis had a significant employment impact on a set of job roles and career paths, and led to shifts in jobs people seek and high willingness to retrain. 25
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