ASEAN KEY DESTINATIONS
Thai companies set to hire
Despite all of the crises: the weak US economy, domestic politics, the baht appreciation and floodingthe job market has performed much better than expected this year, although the political unrest did cause a temporary halt during the second quarter.
More companies are looking for permanent positions in senior management, while there has been a drop in contract employment, which was booming during the recent economic downturn. The fields of consumer products, pharmaceuticals, insurance and consumer banking all expect to recruit heavily in the coming year.
Indicators have improved in the second half for industries such as property and banking, and he expects Thai companies to need more workers next year in line with the economic recovery. Munthana Thamlikitkul, chief executive of Tricor Outsourcing (Thailand) and Tricor Executive Recruitment, maintains the market is in a slump and that politics is to blame.
"Employers remain uncertain about the Thai political situation and the slow recovery of the global economy," she said. "The positive overall economic picture is in contrast to the actual situation in the job market, which has yet to see an improvement this year."
Employers, particularly international companies, are delaying their decisions to expand and hire more staff locally. "Without a stable government, it is difficult to gain the confidence of investors. They look for consistency in state policy as well as transparency," she said.
However, continuous recruitment has been seen in conglomerates with various business units, such as Double A and Minor International Plc. Fields of high demand include senior management, human resources, finance and accounting, and sales and marketing, say executives.
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