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1 Talent in Asia 2020 Indonesia2 RGF Talent in Asia 2020 The start of 2020 brought Covid-19 to the globe, and thrust the world into a state of volatility, uncertainty, complexity and ambiguity (VUCA). This is also true within recruitment trends across Asia, with many employers taking a cautious approach to headcount and recruitment plans given the economic slowdown and unpredictable impact. Because of this, we have seen rapid changes in the way companies operate including adapting recruitment activities in this new normal. This pandemic has created opportunities to accelerate digital transformation both at work and at home. Flexible work arrangements have been implemented across most Asian markets and employers have had to provide the online technology to support this ongoing flexibility. At RGF, we have an unwavering commitment to unleashing the potential of every employer and job seeker we serve, and at our core is a strong belief that brighter futures are cultivated by ensuring the best match between employers and job seekers. During these challenging times, we are continuing to share our insights and knowledge with both employers and job seekers, helping them to navigate these new ways of working. That is why we are pleased to share this Talent in Asia 2020 report and provide the best data and insights to support talent decision-making. This report has been compiled based on two rounds of surveys. The first includes 4,600 employer and job seeker responses, diving into what candidates can expect when searching for a new career, and how companies are aligning with those needs across 11 key markets in Asia. In addition, we conducted an additional survey to understand how markets are responding to Covid-19 and how the pandemic might change the way they approach talent management in the future. This second survey was conducted in May 2020 across 9 key markets, and received more than 3,200 responses. I hope you enjoy the findings of this report and find it useful. A huge thank you to all the employers and candidates that took part in our survey, and we look forward to continuing work with you and being your trusted partner. Message from our CEO Embracing the new normal: Sustainable growth of employers and career advancement of job seekers Hiroki Nakashige CEO RGF International Recruitment3 RGF Talent in Asia 2020 About this Report RGFs Talent in Asia report has been conducted with the aim of better understanding the needs, demands and expectations of both candidates and employers across a wide range of Asia markets and industry sectors. Talent in Asia is a comprehensive analysis of broad industry and country hiring trends across 11 countries and markets in Asia: Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam, India, Mainland China, Japan, Hong Kong and Taiwan. The report is based on RGF-owned data compiled via a targeted survey completed in March 2020, which gathered responses from more than 4,600 employers and candidates across all markets and 10 industry sectors. In addition, RGF International Recruitment conducted a second survey between April 28 to May 8, 2020 for the markets of Japan, India, Singapore, Malaysia, Vietnam, Philippines, Thailand and Indonesia, and between April 29 and May 15 for Greater China. The survey, which received 3,216 responses in total, queried employers about the impact and direct effects of COVID-19 on their business and sentiment, as well as delving into how employers are changing their business and the way they communicate and support employees during this time. Due to the real-time nature of some of this data, RGF encourages readers to use its insights at their discretion.4 RGF Talent in Asia 2020 Table of Contents Key Workforce Trends 2020 The impact of COVID-19 on new ways of working Country and Market Analysis: Indonesia Conclusion 5 6 9 175 RGF Talent in Asia 2020 of employees say their biggest motivator when switching job is career advancement opportunities. of employers believe candidates are mostly looking for career advancement, followed by compensation and bonuses. I wish to expand my knowledge and skills Salary increment I want a higher position title and more responsibility of employees say flexible working hours is the most important aspect of work-life balance. of employers in Asia face a talent shortage. say this is mostly due to a lack of candidates with the right skills and knowledge. say building a strong employer brand is their biggest challenge outside of the talent shortage. Key Workforce Trends Across Asia 2020 50% 45% 60% 60% 47% Average employee pay rise Average pay rise given by employers 38% pay rise is expected on average when switching jobs Younger generations (Gen X & Gen Y) have the highest expectations of this - 40% 20% 14% MOTIVATORS TALENT SHORTAGE 60% 62% 44% AVERAGE EXPECTATION FOR PAY RISE HIRING TOP 3 REASONS TO CHANGE EMPLOYERS? of employers across Asia rely mostly on internal referrals to fill vacancies, followed by internal promotions. will focus on reviewing salary & compensation to better retain staff 49% 48% say more frequent and clear communication on the business is key to future- proofing employees 69% 68%
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