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  • New Singapore jobs portal to better match jobseekers and employers

    New Singapore jobs portal to better match jobseekers and employers

    A High-tech national jobs portal was launched on Tuesday to better match local jobseekers with employers. It can prioritize search results according to the relevance of the jobseeker’s skills, and filter results to show those under government schemes to support training, among other key features.

    The new portal, called MyCareersFuture.sg, was developed by Workforce Singapore (WSG) and the Government Technology Agency (GovTech).

    It replaces the interface of the existing Jobs Bank for users, and WSG said it aims to roll out the function for employers to post jobs by the end of this year.

    For now, employers are still to post jobs on the Jobs Bank, and the posts will be shown on MyCareerFuture.sg.

    A pilot run of the new portal was conducted with 100 users in the last three months of 2017, and the site went live in January this year. It has received 280,000 visitors as of the first week of April.

    To calculate the relevancy of jobseekers’ skills, which is displayed as a percentage from zero to 100, the system uses machine learning to analyse job descriptions and identify the skills needed.

    It then compares these with skills that the jobseeker has indicated.

    For example, after searching for “communications manager” jobs, a user will be prompted to select the skills he has, such as public relations, social media, marketing, or strategic communications.

    The job results will then be listed according to how closely his skills match what is required for those positions. Clicking on a job post will also show other relevant skills that the jobseeker lacks.

    WSG group director for Careers Connect Lynn Ng said this feature is to encourage jobseekers to reflect on the skills and experience they have.

    “It’s better than just submitting applications based on the job title, salary or company name,” she added.

    Search results also display upfront the number of applications for the position and when it was posted. On the Jobs Bank portal, jobseekers had to log in using their SingPass in order to view this information.

    The Jobs Bank was launched in July 2014 as part of the Fair Consideration Framework to boost employment prospects for Singaporean professionals, managers, executives and technicians (PMETs). Companies have to post job ads on the portal for at least 2 weeks before they can apply for an Employment Pass for the role.

    From July 1 this year, this rule will be extended to cover firms with at least 10 workers and for jobs paying under S$15,000 a month. Currently, it applies only to firms with at least 26 workers and for jobs paying under S$12,000 a month.

    So far, more than 300,000 jobseekers and about 30,000 employers have registered on the Jobs Bank. WSG said at a media briefing it does not have statistics on the number or share of successful matches, as not all employers update the status of job applications in the portal.

    It said the new portal is meant to complement the MySkillsFuture.sg portal, which was rolled out last year and caters to the wider population besides jobseekers. It provides information on career pathways and training available.

    WSG will roll out more features for the new portal later this year, such as recommending suitable candidates for employers based on applicants’ CVs, and giving jobseekers tips on how to improve their CV for each job application.

  • Cebu Pacific to hold cabin crew grand recruitment

    Cebu Pacific to hold cabin crew grand recruitment

    The recruitment fairs will be held in the following cities: Manila (Cebu Pacific Building, Pasay City) on January 14; Dumaguete City (La Residencia Almar Hotel, Rizal Blvd., Dumaguete City, Negros Oriental) on January 28; and Tagbilaran City (Metro Centre Hotel and Convention Center, C.P. Garcia Ave., Tagbilaran City, Bohol) on January 29.

    More opportunities for interested applicants will be made available all throughout 2017, as CEB will be conducting more recruitment fairs on later dates at chosen areas in Luzon, Visayas and Mindanao.

    “Last year’s recruitment fair in Manila alone was visited by about 1000 aspiring Juans. This year, we aim to make the fair even bigger by reaching out to more areas in the Philippines. We encourage everyone to take on the challenge to be part of the Philippines’ leading airline and contribute to bringing people together through safe, affordable, reliable and fun-filled air travel,” said Atty. JR Mantaring, CEB Vice President for Corporate Affairs.

    CEB will process the applications on the same day, between 9:00 A.M. to 3:00 P.M. Acceptance of updated curriculum vitae (CV) with 2×2 photo will be until 1:00 P.M. only. Applicants must possess a dynamic personality, height of at least 5’3” for female, and 5’7” for male, weight that is proportional to height, clear complexion, good eyesight and a catchy smile, among others. Responsibilities include guaranteeing the safety of guests on board the aircraft, and ensuring that guests have a fun and pleasant flying experience.

    The detailed job descriptions and qualifications can also be found on www.cebupacificair.com or CEB’s page on jobstreet.com.ph.

    CEB currently offers flights to a total of 38 domestic and 30 international destinations, operating an extensive network across Asia, Australia, the Middle East, and USA. Its 57-strong fleet is comprised of four Airbus A319, 36 Airbus A320, seven Airbus A330, eight ATR 72-500, and two ATR 72-600 aircraft. Between 2017 and 2021, CEB expects delivery of one more brand-new Airbus A330, 32 Airbus A321neo, and 14 ATR 72-600 aircraft.

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  • Ministry tells Indonesian airliners to hire 900 jobless local pilots

    Ministry tells Indonesian airliners to hire 900 jobless local pilots

    The Transportation Ministry has said as over 900 Indonesian pilots having not been able to gain employment with local airliners, the ministry is planning to impose a new obligation to ensure higher absorption of local pilots by the airline industry.

    “This is a big problem. At least 900 local pilots have no jobs. This will be our homework, to create opportunities for them,” Transportation Minister Budi Karya Sumadi said on the sidelines of the Air Transportation Safety Campaign at the ministry’s office on Sunday.

    Budi said his ministry would require local airliners to employ local pilots, while promising that the ministry would also help improve the competence of the pilots through further training.

    “There has to be an obligation for local airliners to take on local pilots,” he added.

    In addition, the ministry would give impose stricter requirements to foreign pilots working at local airliners.

    “We should impose certain requirements for foreign pilots working in Indonesia,” he added.

    Reportedly, 564 foreign pilots are currently working in the country.

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  • Deutsche Bank woes may lead to job cuts in Singapore

    Deutsche Bank woes may lead to job cuts in Singapore

    The problems at Germany’s largest lender, Deutsche Bank, which has seen its share price tumble to record lows on concerns of a looming US$14 billion (S$19 billion) fine by US authorities, could raise questions over the fate of some of its 2,100-strong workforce in Singapore, analysts said on Monday (Oct 3).

    “For the German bank, the impact of negative interest rates and slower growth have affected profitability. As for the impact here in Singapore… we might find a possibility of the bank reducing headcount,” said CIMB Private Banking economist Song Seng Wun.

    “The knock-on impact on Singapore would be pressure on the labour market in the finance sector. The tough labour market within finance may get tougher,” he added.

    Singapore has been Deutsche Bank’s Asia-Pacific head office since 1988, after the lender first established a presence in the city-state in 1971, its corporate website showed. It has a wholesale banking licence here and its business lines including corporate & investment banking, global markets, asset management, and wealth management.

    When asked about possible job cuts at the Singapore office, a spokesperson for Deutsche bank said: “Singapore is and will continue to be a key hub for Deutsche Bank in Asia-Pacific, a region which delivered 14 per cent year-on-year revenue growth last year and remains a core part of our global network.”

    Deutsche Bank shares plummeted to a record low of 9.90 euros last week and were trading at 11.45 euros mid-afternoon in Frankfurt on Monday. The bank has been battling rumours that the German government may have to come up with a rescue plan in case it cannot pay the staggering fine imposed by US regulators for mis-selling mortgage-backed securities before the global financial crisis. The fine is more than twice the provision it had set aside for litigation.

    Deutsche Bank last October unveiled a sweeping plan to restore its finances, including eliminating 9,000 jobs or about 9 per cent of the global workforce, including 4,000 positions in Germany. However, unlike Australia and New Zealand Banking Group, a qualifying full bank which has slashed about 400 jobs in Singapore over the past year, any headcount reduction at Deutsche Bank here won’t likely to be as drastic, analysts said.

    “Deutsche Bank’s business in Singapore has… little retail exposure; it does more private and investment banking. The bank is still geographically strong in Singapore. It is a significant player here and would be more distant from the issues faced at the German headquarters,” said KGI Securities (Singapore) trading strategist Nicholas Teo.

    UOB economist Francis Tan said: “There will be some impact, maybe small cuts but not likely to be big for the bank. Asia is still rising, so even if there are cuts it would be more on the European side. Looking at the relative growth rates this area has compared to the Western world, it would not be a good move to cut a lot of jobs. You don’t want to kill the golden goose.”

    Global banks have been slashing headcount in the Republic against the backdrop of weak economic outlook and stricter capital rules. Besides ANZ, banks such as Barclays and Standard Chartered have let go some of their employees in Singapore over the past year.

    The crisis faced by Deutsche Bank is unlikely to be a ‘Lehman moment’, experts said, referring to the collapse of the storied US investment bank Lehman Brothers eight years ago that played a major role in the global financial crisis.

    “A lot of people who are looking at a bank like Deutsche, and easily they are comparing this to Lehman but it is not the same. If you look at the liquidity conditions of banks now, it is very different from 2008-09,” said Mr Tan.

    “Balance sheets are not as weak as eight years ago and banks are not as vulnerable as they were,” Mr Song said.

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  • Toyota plans to cut 800 jobs in Thailand

    Toyota plans to cut 800 jobs in Thailand

    Toyota Motor Corp’s Thai unit has launched a voluntary redundancy program aimed at cutting around 800 subcontractors in Thailand due to economic problems in the southeast Asian country and abroad.

    Thailand’s economic slowdown, along with uncertainty over the global economy, have affected both the domestic automotive industry and exports since the beginning of the year, it said in a statement.

    That has caused a reduction in production volume, overtime hours and monthly income offered to employees, it said.

    The company has offered the redundancy package to around 800 subcontractors but more workers have applied for the scheme, Phuphal Samata, the president of Toyota Thailand Worker’s Union, told Reuters.

    “There isn’t overtime payment anymore, so many subcontractors may want to find other work and take this compensation package,” he said.

    Toyota commands about a third of the local auto market and has 18,000 workers in Thailand, 40 percent of whom are subcontractors, he said.

    Thailand is a regional production and export hub for the world’s top carmakers. The sector accounts for around 10 percent of the country’s gross domestic product.

    Domestic auto sales have declined almost every month on a yearly basis since May 2013 following the ending of a government car subsidy scheme in 2012.

    In January, Toyota forecast Thailand’s total domestic car sales would fall 10 percent in 2016 from a year ago to 720,000 units. It sees its own annual auto sales falling 9.8 percent from last year.

    Job cuts at Toyota are unlikely to spread to other automakers as the firm has hired many workers since the car subsidy scheme, said Surapong Paisitpattanapong, spokesman for the Federation of Thai Industries’ Auto Industry.

    “I don’t think others will immediately follow suit because May’s auto production, exports and domestic auto sales are growing. There’s still hope,” he said.

  • Filipino Job Seekers in Luck as Local Online Hiring Activity Registers Growth for the first time in 2016

    It’s a good time to be looking for a job in the Philippines. According to the latest Monster Employment Index (MEI) data for May 2016, online hiring activity has registered positive growth for the first time ever this year.

    Overall recruitment activity has increased 11% between May 2015 and May 2016. This is a 14% improvement from the previously reported -3% decline year-on-year for April.

    Tracked by employment website Monster.com, the MEI Philippines is a gauge of online job posting activity, recording the industries and occupations that show the highest and lowest growth in recruitment activity locally.

    The Retail sector reported a whopping 106% year-over-year growth in online hiring activity – the steepest growth registered of the industries monitored by the MEI. This is up from 49% year-over-year reported in April.

    The Production/Manufacturing, Automotive and Ancillary sector continued to register the sharpest year-over-year decline at -34% in May. This is an improvement from -56% registered between April 2015 and 2016.

    Across occupational groups, HR & Admin roles took the lead in the growth of hiring activities at 39% year-over-year. This is huge 34% improvement from the 5% registered in April.

    Online hiring in Hospitality & Travel roles remained the weakest, registering -55% year-over-year decline.

    “A recent survey by the Philippine Statistics Authority (PSA) revealed strong employment among Filipinos. Preliminary reports have also shown that local unemployment stands at around 6.1% in April 2016, down 0.3% from April 2015. As Philippines continue to position itself as one of Asia’s growth areas, foreign investments are likely to continue to pour into the country to spur growth and hiring,” said Sanjay Modi, Managing Director, Monster.com – APAC and Middle East.

    “The Philippines’ retail sector continues to exhibit strong growth partly due to increased consumer spending power, fuelled by increasing income in the BPO sectors. It was recently reported that the hospitality sector had contributed P1.39 trillion to the Philippines economy, despite slower recruitment across these roles. This has likely resulted from the slower turnover within the sector after its hiring spree last May, which worked out well for the sector. Until the need arises, employers are in no hurry to add to their headcount.”

    The Monster Employment Index Philippines is a monthly gauge of online job posting activity, based on a real-time review of millions of employer job opportunities culled from a large representative selection of career websites and online job listings across Philippines. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.

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  • Nokia starts cutting jobs after ALU merger

    Nokia starts cutting jobs after ALU merger

    Nokia has commenced a program to cut thousands of jobs worldwide as part of the cost-cutting and transformation program associated with the takeover of Alcatel-Lucent.

    The company plans to cut 1,300 jobs in Finland, 1,400 in Germany and 400 in France as part of the headcount reduction program, which will take place between now and the end of 2018.

    But Nokia also agreed to create 500 new R&D jobs in France as a condition of receiving approval from the French government to acquire Alcatel-Lucent.

    Nokia has not yet revealed how many jobs will be eliminated worldwide. The company has around 104,000 employees.

    The job cuts form part of a program aimed at achieving €900 million ($1.02 billion) in annual operating cost synergies by 2018. Nokia said the program is also aimed at adapting to challenging market conditions and shifting resources to important new and upcoming technologies including 5G, the cloud and the IoT.

    “These actions are designed to ensure that Nokia remains a strong industry leader,” commented Nokia president and CEO Rajeev Suri.

    “When we announced the acquisition of Alcatel-Lucent we made a commitment to deliver €900 million in synergies – and that commitment has not changed. We also know that our actions will have real human consequences and, given this, we will proceed in a way that that is consistent with our company values and provide transition and other support to the impacted employees.”

  • Rakuten to shut Singapore website, cuts 30 local staff

    Rakuten to shut Singapore website, cuts 30 local staff

    Japan’s largest online retailer Rakuten is closing its Singapore website after two years, and trimming its staff.

    On Friday, the fifth day of Chinese New Year, about 30 local employees were given the pink slip .

    While the company will continue to keep its regional HQ here, a notice on the website posted on Friday evening said no new purchases can be made from its online portal from next month.

    Earlier that afternoon, around 30 staff at its Market Street office at Raffles Place were told that they would be laid off. They included sales, marketing and customer service staff who were directly involved in running the website.

    They were among the 150 employees who were laid off in Singapore, Malaysia and Indonesia. The company is closing its websites in the other two countries as well.

    Most of the Singapore staff were told to immediately return their staff passes, and their e-mail accounts were deactivated on the spot. They were escorted out of the office and told that they did not need to turn up for work any more, said a source.

    “All were in shock,” the source said. “They were told that Friday was their last day (of work).”

    A handful can continue to work until the end of the month, when the website finally goes offline.

    The Sunday Times understands that the individual severance packages are tied to how long the staff have worked there. The company will make the payouts only next month.

    When contacted yesterday, a Rakuten spokesman in Japan declined to give details of the Singapore retrenchments, but he said that the firm will compensate workers “above and beyond legal requirements” and help them find jobs.

    Rakuten Group, which is listed on the Tokyo Stock Exchange, announced in Japan on Friday a five-year business plan that includes overhauling its business model in South-east Asia by closing down its online retail websites and starting a customer-to-customer trading application.

    Experts were surprised that the retrenchments were carried out over the Chinese New Year celebrations that span 15 days.

    “We usually tell unionised companies to avoid retrenchments during festive seasons. This is good industrial relations practice,” said labour MP Patrick Tay, who chairs the Government Parliamentary Committee for Manpower.

    The firm is not unionised but the affected professionals, managers and executives can turn to the National Trades Union Congress (NTUC) for job placement help, said Mr Tay, who is NTUC’s assistant secretary-general.

    “The timing is a little brutal,” said Singapore Human Resources Institute president Erman Tan, adding that the speed at which retrenched staff were shown the door within hours was “very fast”.

    “This reflects the culture of the e-commerce sector. Things move very fast online and perhaps retrenchments too,” said Mr Tan.

    Association of Small and Medium Enterprises president Kurt Wee said the retrenchments signal the start of a phase of consolidation by companies as they respond to the global slowdown and local economic conditions.

    “When companies consolidate, some staff retrenchments are inevitable,” said Mr Wee.

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  • Mainland companies ease hiring employees in Q1

    Mainland companies ease hiring employees in Q1

    Employers on China’s mainland have been much less lively in hiring employees within the first quarter, recruitment consultancy Robert Walters stated in a report yesterday.

    The variety of job ads within the mainland print media and main on-line job boards jumped 16 % within the first quarter yr on yr, 9 proportion factors down from the survey carried out in the identical interval of final yr, Robert Walters stated within the report which coated six main economies in Asia.

    However the mainland rose a spot to develop into the second-quickest rising job market after Japan, which surged 33 % pushed by the federal government’s proactive financial insurance policies, the report stated.

    “With the Chinese language authorities setting its GDP goal at 7 % this yr, the job market will possible develop at a secure tempo,” stated Arthur Wang, managing director, Robert Walters China.

    As China shifts its financial system towards consumption-led, “we anticipate to see the creation of extra high-paying jobs inside the shopper and providers sectors so as to encourage spending,” Wang stated.

    The report discovered IT a scorching sector on the mainland because the variety of job ads jumped 53 % yr on yr.

    Advertisements for accounting and finance jobs adopted with a progress of 19 %.