BANGKOK, THAILAND - Media OutReach - 26 October 2021 - Global recruitment specialists Michael Page Thailand witnessed a marginal 2% quarterly increase in overall job numbers within Q3 2021 as hiring evened out after the surge in the early parts of 2021.
Kristoffer Paludan, Regional Director of Michael Page Thailand
With consistent employment demand, Thai professionals with the right combination of technical and behavioural competencies will continue to be in demand and command a higher ratio of salary. Additionally, competition for talented professionals is intensifying and companies are increasingly adopting a candidate-first mentality and paying more attention to the overall candidate experience, to help improve their brand, their process and their overall ability to attract talent.
The number of jobs within the Thai Technology sector rose by 11% in Q3 from Q2 2021. "This is partly led by a buoyant tech startup community which is experiencing very healthy private equity and venture capital investments. A resulting demand is seen for professionals skilled in data citation, project and program management as well as software development," observes Kristoffer Paludan, Regional Director of Michael Page Thailand.
Hiring in the Thai Engineering & Supply Chain landscape saw similar levels of heightened activity at a rate of 9% in Q3 2021 compared to Q2. According to Kristoffer Paludan, this upward trend is driven by the significant uplift in food production and packaging, chemical manufacturing as well as electronics and electricals.
"We have seen a number of new players entering the Thai market in the above-mentioned sectors. That combined with the expansion of the domestic marketplace has driven the uplift in hiring activity. In addition, the decline in the Thai Baht is fueling the export market which in turn has seen an increase in vacancies across both procurement, supply chain, engineering as well as manufacturing," comments Kristoffer Paludan.
Also earmarked for further growth within Thailand's employment market is the healthcare industry. Thailand being the second largest healthcare market in SEA accounting for roughly 20% of the region's healthcare expenditure is in urgent need of a talent infusion across most disciplines. As demand for hiring grows, so will the competition for talent.
Source: Michael Page Thailand proprietary data