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As 2017 comes to an end, we at Human Resources are excited to bring to you a curated selection of everything you need to help craft an effective strategy to attract fresh talent come 2018.
In this special edition of our HR Bulletin, (in case you missed it) we’ve put together 10 most relevant graduate stories over the past year – to make for some easy reading during the festive season, and to provide some ideas as you ponder over your priorities for 2018.
Please click below for the stories:
PwC emerged as the most popular employers among local graduates, found the latest Malaysia’s 100 Leading Graduate Employer survey by GTI Media.
This year, in the eyes of 29,659 respondents from various universities across the country, the accounting and professional services, and consulting rose a place from 2016 to clinch the top spot, knocking Maybank (1st in 2016) down to third place. While EY (Ernst & Young) took the second spot.
Hiring fresh graduates is never easy. HR leaders and professionals in charge of hiring must be able to contend with their unrealistic salary expectations, while screening out the unmotivated – and that’s only the first step. Organisations also have to figure out how to effectively develop them into productive employees and perhaps even future leaders.
To provide some food for thought into developing strategies for the new year, Human Resources pulled together four case studies showcasing the achievements of winners and finalists at HR Excellence Awards 2017, Malaysia – from the category Excellence in Graduate Recruitment & Development.
One of the gripes Malaysian employers have when hiring millennials, especially fresh graduates, is their unrealistic salary expectations. That said, in order for employers to attract the best talent in today’s limited talent pool, organisations have to ensure competitive packages – especially since salary/ financial compensation is the most important consideration to Malaysian Millennials.
According to the World Economic Forum’s Global Shapers Annual Survey 2017, 51.3% of Malaysian Millennials indicated salary/ financial compensation as the most important criteria when considering job opportunities.
Starting as a small remainder magazine shop in Amcorp Mall, Petaling Jaya, BookXcess currently has six outlets throughout Kuala Lumpur and Klang Valley. BookXcess is also the organiser of the annual Big Bad Wolf (BBW) Sale, which in 2015 featured more than 3.5 million books for sale that attracted book lovers from all over Malaysia.
Since its inception, BBW only recruits and trains tertiary students/Millennials to work in the annual 24-hour book sale. In an interview with Jacqueline Yap, co-founder, executive director and HR director, we discuss the rationale, advantages and challenges in employing only Millennials.
According to a new study by Monster.com, more than a third of young Malaysian talent end up quitting their first jobs in less than a year, citing the need for quicker growth opportunities and a desire for more money as the main reasons to jump ship.
However, this is despite 58% of fresh graduates believing their first ever job is highly important to pave the way for their future careers.
Bank Negara Malaysia (BNM) has released its Annual Report 2016, noting that “ the global youth population has been negatively affected by the deep recession, the ensuing environment of prolonged and shallow economic recovery and lacklustre job growth.”
Following the global financial crisis (GFC), the global youth unemployment rate rose from a pre-crisis rate of 11.7% in 2007 to 13.1% in 2009; and reaching a historic peak of 13.2% in 2013, and is estimated to remain high at 13.1% in 2016.
Bank Negara Malaysia holds onto its top spot as the most ideal employer for business graduates in Malaysia, while for their engineering counterparts, PETRONAS remains as their most desirable employer, according to the Malaysia Top 100 IDEAL Employers student survey released by Universum.
Collating responses from 15,883 graduates from 27 different universities, the survey seeks to unmask the career goals as well as employer preferences in Malaysia.
Providing mentorship to job rotation opportunities, NEC has recruited its first batch of six graduate trainees from its new programme. Jonathan Tan, vice president for regional HR of NEC APAC, as well as head of HR for Singapore, shares his valuable learning.
According to the latest Quacquarelli Symonds (QS) World University 2018, Malaysia is now home to five of the world’s top 300 universities.
In comparison to last year, this year’s results showed that Malaysia has almost doubled its share of top-300 universities – up from three in 2017.
In its World’s Most Attractive Employer Rankings 2017, Universum Global announced the top five companies business students want to work for, as well as the top five companies according to their engineering and IT counterparts. These results have been pooled from surveys of over 290,000 students from 12 economies, including Japan, South Korea, China, and India.
Best wishes! Celebrate the festive season.
– Human Resources team
Photo / 123RF