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| Source: SEEK. The SEEK, Jobstreet and Jobsdb employment marketplaces will operate under a single AI-powered platform. |
SEEK has merged its Asia Pacific employment marketplaces SEEK, Jobstreet and Jobsdb. The three brands will operate under a single platform powered by SEEK’s AI technology, while retaining their individual brand presences.
SEEK’s unification of its employment marketplaces comes 10 years after it acquired Jobstreet and Jobsdb. “At SEEK, everything we do revolves around our customers. One unified platform means we can now offer our product to millions of people across Asia in an entirely new way, so that our customers can find jobs and talent more easily.
"This puts us in a stronger position, more than ever before, to realise our ambition of helping 500 million people develop their careers with five million companies in the region,” said Peter Bithos, CEO, Asia, SEEK.
Jobstreet by SEEK’s latest Hiring, Compensation and Benefits 2024 Report has found that 83% of employers in Singapore reported difficulties in hiring skilled talent they need. Other research highlights included:
- Forty-five percent of employers surveyed expressed confidence in the job market in 1H24, but there was a decline to 32% for 2H24.
- Nearly half (49%) of employers were keen on increasing their permanent headcount and around 33% of employers also plan on increasing their contract staff for 1H24. Reasons cited included business expansion (54%) and difficulty in recruiting suitable full-time staff (34%).
This indicates a growing need for employers to connect more effectively with talent across both Singapore and the Asia Pacific region (APAC), SEEK said. SEEK's consolidated platform offers a talent pool of over 40 million people across eight APAC markets, as well as 2.5 million employers.
SEEK also shared Jobstreet data on remote working. “Work from home” has consistently been one of the top 12 keywords that talents search for in the past two years, the company said.
“In today’s employment landscape, there's a growing demand for specialised skillsets, like care economy skills or digital economy skills. In line with our goal of supporting both talent and hirers, we're excited to facilitate more tailored and better job matches to address the crux of the problem. Powered by SEEK’s cutting-edge AI, the ability to seamlessly match hirers and talents based on specific skills, job roles, and career aspirations is crucial in Singapore’s highly dynamic and evolving employment landscape,” said Chew Siew Mee, MD, Singapore, Jobstreet by SEEK.
The new platform deploys AI models to assess talent suitability and provide highly personalised recommendations by processing data from various sources, including resumes, job ad descriptions and the employer’s past behaviours. This allows employers to hire fast and right. Employers can also expedite the talent shortlist process by adding AI-recommended screening questions in their job ads.
Talent can now be better matched to jobs they are most qualified for based on their experience and skills with AI. SEEK's AI capabilities can also predict when a person is likely a strong candidate for a role by showing a top applicant badge.
