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4th Quarter Newsletter 2018
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SALARY OVERVIEW
Hong Kong - China - Singapore - Thailand
Hong Kong
Key strategies for improving employee retention
China
Rising minimum wage in China
Singapore
5 industries of the future for Singapore
Thailand
Kingdom's competitiveness on the rise
THAILAND
Kingdom's competitiveness on the rise
The competitiveness of the Kingdom keeps growing, climbing two places on this year's World Economic Forum (WEF) global competitive index 4.0, scoring 67.5% compared to 66% last year.
The global competitiveness index (GCI) 4.0 measures national competitiveness - defined as the set of institutions, policies and factors that determine the level of productivity - and captures determinants of long-term economic growth on a scale from one to 100.
The section where Thailand ranked highest with a 14th place was its financial system, thanks to its availability for capital, credit services, variety of financial products, financial risk diversification system, financing of SMEs, financial support for start-ups, and the soundness of its banks.
Strong accessibility of the country's market for both domestic and foreign companies which has boosted domestic consumption, investment and exports leads to an 18th place for market size.
Thailand should invest in improving its product market (92nd), labour market (44th) and education and skills development (66th) to continue increasing its ranking on the GCI.
On the Asia list the Kingdom ranked 6th out of 12 countries after Singapore, Japan, South Korea, Malaysia and China.
Source: Bangkok Post
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72% of Thai graduates could lose jobs to AI by 2030
By 2030, 72% of university graduates could be either unemployed or working at jobs that do not require a bachelor's degree. Artificial Intelligence (AI) and robots are the main threats to employment for Thailand’s young people, according to the country’s Deputy Minister for Education Udom Kachinthorn.
Digital transformation is redefining the ways in which people work, live and learn. According to Mr. Udom Kachinthorn "Some jobs will disappear, others will grow, and jobs that don't even exist today could become commonplace."
The skills most requested by employers will include cognitive skills like problem solving, critical thinking, analysis and creative work.
Quoting a report on youth unemployment released by the World Bank earlier this year, Mr Udom stated, "Thus, if Thai universities do not adapt and cannot build a workforce with future-proof skills, the country may have to cope with largest ever rate of unemployment."
He warned that universities and teachers must embrace change by using digital technology to make their classes and content more lively, relevant and responsive to the demands and lifestyles of a new generation.
“The universities of the future must teach students how to become learners. Schools and universities must change from being just classrooms to becoming learning spaces. Teachers must assume new roles as coaches who provide guidance, not only give lectures," he explained.
Source: Bangkok Post
Top 5 Candidates in Thailand
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SEA Technical Development Manager (Electrical and Automation)
Nationality: Thai Availability: 30 days' notice
Languages: Thai and English
Based: Thailand, Bangkok/Eastern Area
Experience: 15 years
Education:
- Postgraduate Diploma in Electronics and Electrical Engineering, University of Glasgow, UK
- Bachelor of Electrical Engineering, King Mongkut Institute of Technology Ladkrabang
For more information about this candidate, please contact robertk@geminis.co.th.
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Workshop CAD Engineer
Nationality: Thai Availability: Immediately
Languages:Thai & English
Based: Thailand, Rayong
Experience: 10 years
Education:
- Bachelor of Mechanical Engineering, King Mongkut’s University of Technology North Bangkok
For more information about this candidate, please contact robertk@geminis.co.th.
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Maintenance Manager
Nationality: Thai Availability: 30 days' notice
Languages: Thai & English
Based: Thailand, Bangkok or Eastern area
Experience: 23 years
Education:
- Bachelor of Mechanical Engineering, Mahanakorn University of Technology
For more information about this candidate, please contact robertk@geminis.co.th.
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General Manager (Japanese Speaking)
Nationality: Thai Availability: Immediately
Languages: Thai and Japanese
Experience: 22 years
Education:
- Bachelor Degree Of Industrial and Systems Engineering, Hosei University (法政大学), Tokyo, Japan
For more information about this candidate, please contact robertk@geminis.co.th.
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Finance & Accounting Manager
Nationality: Thai Availability: 30 days' notice
Languages: Native Thai and good English
Based: Thailand, Bangkok or Eastern area
Experience: 11 years
Education:
- Bachelor's Degree in Accounting, University of Thai Chamber of Commerce
For more information about this candidate, please contact robertk@geminis.co.th.
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