Sixty per cent of overseas Malaysian professionals are interested to return home to work, according to a whitepaper entitled ‘Return of the Asian Talent’ by specialist professional recruitment firm Robert Walters.
The three main sectors in Malaysia, which they are keen on seeking employment, are in Accounting and Finance, Banking and Financial Services and Supply Chain, Procurement and Logistics.
The top three reasons, why overseas Asians will consider returning home, are to care for ageing parents, the perceived ability to command higher pay after working overseas and the affinity with their cultures back home. As a result, the top three factors they look for in an employment package are a salary increment (over local rates), clear career progression and flexible working arrangements.
Attracting overseas Asian professionals to return home has emerged as a viable alternative for regional firms looking to overcome the talent shortage. In a mature market like Malaysia, where candidates exceed the number of jobs available, employers are constantly in search of quality talent.
One of the initiatives in Malaysia’s Economic Transformation Programme launched in 2010 addresses the shortage of professionals and technical experts in the country, actively attracting overseas Malaysians to return to help fuel the local workforce.
“Employees today want to know if companies can provide a clear career path and progression to support their growth in the organisation,” says Robert Walters Malaysia’s managing director, Sally Raj.
“When hiring managers are clearer about the goals and progression during the interviewing process, they will be more inclined to hire the right candidates and also retain them for a longer term.”
Other key highlights from the survey:
- 88% of hiring managers polled in Southeast Asia say they are currently facing challenges in attracting and recruiting talent.
- 86% of the hiring managers polled in Southeast Asia see hiring returning locals as a viable option to address their recruitment challenges.
- 42% of overseas Asians looking for employment opportunities back home will first meet with a recruitment consultancy or headhunter.
- 32% of overseas Asians say the most effective way employers can ensure a smooth transition back home is to offer them an attractive salary increment.
Robert Walters is one of the world’s largest professional recruitment consultancies.
This whitepaper has been created to help employers better understand the different motivators and incentives that will influence overseas Asians to seek employment opportunities back home. The findings were based on a survey conducted from June to December 2015.
Robert Walters surveyed over 650 job seekers and hiring managers across Indonesia, Malaysia, Singapore, Thailand and Vietnam.
The Heat Malaysia Online