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One in three people in Asean and Hong Kong looking for new jobs; 2023 remains a 'jobseekers' market'

Bryan Wu
Bryan Wu • 5 min read
One in three people in Asean and Hong Kong looking for new jobs; 2023 remains a 'jobseekers' market'
3 in 4 respondents in the region say they are approached multiple times a year about job opportunities. Photo: The Edge Singapore/Albert Chua
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Despite the possibility of an economic slowdown looming, 2023 remains to be a jobseekers’ market in Southeast Asia and Hong Kong, according to a new report from JobStreet by Seek and the Boston Consulting Group (BCG).

The study, titled “What Jobseekers Wish Employers Knew: Unlocking the Future of Recruitment”, surveyed some 97,000 respondents in Indonesia, Hong Kong, Malaysia, the Philippines, Singapore and Thailand, and found that 34% of talent surveyed are actively looking for a new job.

Surveyants' top three motivations for searching for a new job include looking for a more interesting position or higher seniority (49%), lacking opportunities for upward career progress at current place (30%) and unsatisfied with salary and benefits at current job (27%).

According to Jobstreet, workers feel confident to look out for new opportunities despite fears of a recession as the majority surveyed are aware of their attractiveness to employers. The study found that 74% of respondents are approached multiple times a year about new job opportunities, with 36% approached every month.

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