Tag: recruitment

  • Vietnam IT recruiting firm raises million dollars from South Korean investor

    Vietnam IT recruiting firm raises million dollars from South Korean investor

    IT recruitment firm TopDev has secured a million-dollar investment from South Korea’s leading recruitment company Saramin HR.

    The Ho Chi Minh City-based company said in a statement Monday that the deal, whose exact value it did not reveal, would be used to increase the supply of developers through training programs for graduates.

    Saramin HR, which is listed on South Korea’s KOSDAQ, said the investment is part of its global development plan and would support TopDev’s potential expansion in Southeast Asia.

    TopDev said Vietnam has 350,000-400,000 developers now but 500,000 would be needed by 2021 as the country remains a popular outsourcing software destination for multinationals.

    Vietnam is seeing increasing investment in tech startups.

    Last year the total investment in Vietnamese tech startups surged 2.5 times to $741 million, second only to Indonesia in Southeast Asia.

  • Vietnamese startup launches platform for hiring blockchain talents

    Vietnamese startup launches platform for hiring blockchain talents

    Getdone is a platform that connects blockchain talents, who can work as full-time employees or freelancers, to global clients in blockchain industry. This platform is the universal version of freelancerviet.vn, a leading freelancer platform in Vietnam. It lists 300,000 freelancers in various categories, with a focus on blockchain and AI technology. Getdone provides innovative solutions based on a combination of the two emerging technologies to improve security and payment speed, transaction fees and reliability of talent profiles and overcome the language barrier.

    In Vietnam, the number of job searches related to cryptocurrency and blockchain doubled in 2018. However, blockchain engineers and developers currently account for only 2-5 percent of the IT workforce, according to TopDev’s annual report last August.

    Upwork’s newest quarterly index of the hottest skills in the U.S. freelance job market ranks blockchain first out of 20.

    For this reason, Getdone entered the market with the mission to be a part of the solution of hiring blockchain talent including engineers, developers, and others.The shortage of blockchain developers continued in the fourth quarter of last year even as blockchain products doubled. The demand for employees in blockchain is so high that employers and clients need to find ways to work around a shortage.

    The smart contract on the Getdone platform cuts off third parties’ intermediary role to reduce commissions and ensure security and quick payment.

    Besides, AI technology with self-recommendation function based on automatic data analysis will help connect clients and qualified job seekers.

    AI also proposes an average budget for a project to help clients understand reference budgets when they need to hire blockchain talents, and an average rate per hour of work based on a candidate’s profile.

    It will create a standard framework for the freelance job market, avoid devaluation and protect the benefits of both blockchain talents and clients.

    The new-user-support tool will help new applicants find jobs more easily through the test system. A new talent who joins the site and gets a high-test score will still get a job despite having no previous work history on Getdone.

    Getdone will provide a live language translation tool to break the language barrier and help talents work across the world. Getdone accepts payments in more than 20 cryptocurrencies and foreign currencies.

    A hedging mechanism helps stabilize the value of cryptocurrencies used at Getdone. When choosing a talent, the company deposits a sum of money with the crypto token by the time talents complete their work within a few days to several months.

    In 2018 freelancerviet won Ho Chi Minh City’s Best Innovation Project award and the Asian Rice Bowl Startup Award in the Best AI and Machine Learning Application category from NEF (New Enterprises Foundation) and MaGIC (Malaysian Global Innovation & Creativity Center).

    Getdone is also one of three Vietnamese representatives to beat thousands of competitors from across the world to qualify for the Elevator Pitch Competition, a global contest organized by the Hongkong Science and Technology Center.

  • Online hiring in Malaysia fell 8% in Q3

    Online hiring in Malaysia fell 8% in Q3

    Online hiring activity in Malaysia fell by 8% in the third quarter, falling behind the performance from one year ago by 14%, according to the third quarterly Monster Employment Index (MEI) report. It said online recruitment in the country could not sustain the strong performance of the previous quarter, continuing a negative trajectory.

    The report highlighted that Malaysia has still not recovered its economic position, despite a stronger performance in the previous quarter.

    This Southeast Asia Q3 Online Recruitment Trends Report by Monster.com examines the hiring trends and performance of online recruitment, and offers a comprehensive overview of major industries across Malaysia, Singapore, the Philippines.

    It said top three job roles among occupations hiring freelancers online in Malaysia are sales & business development (16%), marketing & communications (8%), software, hardware, telcom (5%).

    Among occupations, hospitality and travel recorded the strongest quarterly growth with 2%, while engineering and real estate soared 13% in a quarterly comparison.

    The IT, telecom/internet service provider (ISP) and business process outsourcing (BPO)/IT enabled services (ITES) sector exhibited the strongest performance among industries throughout July, August and September in a year-on-year comparison, while the logistics and BFSI industries registered the weakest performance for the same period.

    While general online hiring has been slowing in Malaysia in the third quarter, the IT, telecom/ISP and BPO/ITES sector recorded a 5% growth in the three-month period.

    With Penang becoming an increasingly attractive hub for tech companies in Malaysia, the IT, telecom/ISP and BPO/ITES sector resumes the path that was set in the second quarter. In a year-on-year comparison, the sector even registered double-digit growth with 11%, 11% and 12% respectively – indicating a resilient industry despite political concerns.

    This edition of the quarterly MEI took a closer look at the freelance economy and its online hiring demand across industries in Southeast Asia. With job scopes continuing to shift due to technological innovations, it is up to human resources leaders to define the way freelancers, part-timers and full- time staff collaborate and share their workload.

  • Monster Employment Index shows 3% decline in online hiring for April

    Monster Employment Index shows 3% decline in online hiring for April

    Online hiring in the Philippines fell 3% year-on-year in April according to the latest Monster Employment Index.

    Despite the 3% year-on-year drop, online hiring improved over last month’s 24% decline.

    “The Philippine economy had expanded faster than analysts’ predictions in Q1, largely driven by jobs across the services sectors. This expansion has given rise to employee demands for various related roles, with the retail sector taking lead in hiring activities,” Sanjay Modi, Monster.com managing director for India, Middle East, Southeast Asia and India, said.

    The retail sector showed a 49% jump in online hiring activities, its first positive growth since March 2015. Among the occupations, showed a 33% year-on-year growth in April. Meanwhile, the hospitality and travel sector showed a 63% decline in online hiring year-on-year.

    “The Philippines is also likely to continue to lure more businesses, thanks to its business-friendly environment, which will continue to drive the labor market. Demands for financial analysts, BPO and IT professionals, web-developers and healthcare workers will be on the rise in the months ahead,” Modi said.

  • 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 %.