Photo - Feon Ang, LinkedIn Director of TalentSolutions, Asia Pacific & Japan.
According to online professional network LinkedIn's 2015 Talent Trends study, money still matters most to Malaysian professionals when hunting for new opportunities.
Feon Ang, LinkedIn's director of TalentSolutions, Asia Pacific & Japan, said the survey placed money as the most important factor with 52 percent of Malaysians saying a better compensation was the top deciding factor.
Ang said work-life balance came in second for Malaysian professionals with 45 percent considering it a priority, significantly higher than 25 percent last year.
"We all want to work for a company that has a reputation of being a great employer," she said. "In this regard, a strong, differentiated employer brand can also help companies mitigate, to some extent, the compensation pressures they may be facing."
In addition, Malaysian professionals use online channels to hunt for employment opportunities, said Ang. "Of these channels, 66 percent of Malaysian professionals cite online job boards as the main avenue to access job opportunities."
Social professional networks such as LinkedIn are the next most-popular channel, with 59 percent of Malaysian professionals preferring to use this to find their next job, she added.
War for talent
Ang said the sharing characteristic of Malaysians in the workplace also suggested that companies should take into account the influence of friends and colleagues, as 48 percent of Malaysian professionals rely on word-of-mouth for information.
"Not only is active talent on the rise in Malaysia, passive talent - comprising 65 percent of the pool - is also open to opportunities. In the digital age, word-of-mouth recommendation continues to play an important role in helping talent decide on job opportunities," she said.
"To get ahead in the war for talent, companies in Malaysia need to build a strong employer brand and amplify this via social professional networks, leveraging their own employees as ambassadors," said Ang.
She said Malaysian professionals were also more open to new jobs, with 35 percent actively exploring opportunities, which is higher than the global average of 30 percent.
This was matched by the professionals in Singapore and slightly ahead of Indonesia (34 percent). Whether passive or active talent, 87 percent of professionals in Malaysia are open to hearing from a recruiter or headhunter, compared with 78 percent globally.
Why interviews matter
Ang said that the 2015 LinkedIn Talent Trends study also pointed to the need for organisations and employers to place more importance on the interview process.
She added that while interviews were used to assess the suitability of a candidate, potential employees also formed their perceptions of the company through their interview experience.
Globally, 87 percent of professionals say that a positive interview experience can change their mind about a role or company they doubted, and likewise, a negative experience can reverse that perception (83 percent), said Ang.
During an interview, 62 percent of professionals in Malaysia would like to meet their prospective managers, compared with 74 percent in Singapore and 44 percent in Indonesia.
The 2015 Talent Trends study, LinkedIn's second annual Talent study, involved surveying 20,000 professionals in 29 countries about their attitudes and behaviours at each stage of the job search.
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