In Indonesia, research from Michael Page has shown the confidence among Indonesian professionals is running high in comparison to other countries in the region. Indeed, Indonesian professionals are clearly more confident than those in Thailand and India. This research is released every quarter and tracks the employment confidence index of job seekers across the major cities in the Asia Pacific area.
The Michael Page Job Applicant Confidence Index Q2 2017 evaluated the responses of 412 mid to senior-level employees in Indonesia, across organisations and industries revealing sound positive sentiments towards the Indonesian job market. Figures demonstrate that in the next six months, 85 per cent of respondents from Indonesia are confident that the job market will be better and 84 per cent foresee a stronger economic situation.
Indonesia’s current employment landscape is predominantly candidate-driven with digital natives constituting a majority of the domestic workforce. This is reflected in the nation’s rising human capital demands and fierce competition between hiring managers for skilled professionals particularly in the digital and technology sectors.
Contributing his own insight, Olly Riches, president director of Michael Page Indonesia says: “Indonesian professionals have a strong appetite to constantly improve their skillsets for the future. This progressive mindset is very much aligned to the current wave of entrepreneurial start-ups, fintech and e-commerce businesses being established locally. It is encouraging to see a new generation of Indonesian workforce willing to break the traditional career mold and acquire new skills from their professional experience in the process.”
In view of the country’s hiring demand for professionals outstripping the supply, 75 per cent of job seekers say that they are confident of securing a job in less than three months. In addition, 59 per cent responded with optimism stating they currently see good employment opportunities in their areas of expertise.
“The Indonesian job seeker of today is largely driven by the initiative to stay relevant in our fast-paced South East Asian economy. Beyond the chase for higher financial compensation, a majority are more concerned with other factors such as prospects for skills development and achieving work-life balance. This projects a dynamic domestic workforce with the foresight to seek future learning opportunities,” observes Riches.
Further results from the Michael Page Job Applicant Confidence Index Q2 2017 indicate:
• Indonesian professionals are most optimistic about skills development (89 per cent), expansion of their scope in job functions (78 per cent) and compensation level (75 per cent) over the next 12 months
• Better work-life balance (61 per cent) is the key reason why job seekers are likely to switch jobs, followed by higher salary (56 per cent) and further skills development (48 per cent)
Within a talent-strapped economy, where job opportunities in Indonesia abound for qualified executives, there is likely to be continued optimism among job seekers. Against this hiring backdrop, professionals who can stay ahead of the technology curve with upskilling will see multiple job offers.