employment outlook 2012 - thailand

7/28/2019 Employment Outlook 2012 - Thailand

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EmploymEntoutlook 2012

thailand


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EmploymEnt

In spite o the devastation o last years

ood, Thailands employment market

is set to grow by 20% across almost all

sectors and occupations in 2012.

Occupationsindemandinclude

sales proessionals, engineers

and IT proessionals accounting

and fnance proessionals, HR,

and marketing proessionals.

Thetopsectorswithplanstohireinclude

Trading, Industrial, IT, Services and Energy.

As a result o the ood, more than

45,000 people lost their jobs, 700,000

people are temporarily unemployed, and

another 164,552 jobs are at risk as 284

ood-hit frms have still not reopened.

Thehardesthitindustrieswere

manuacturers o Automobiles,

Electronics and Food. The eects o

the ooding on these industries is

expected to last well into 2013.

Thetourismsectorhasalsoexperienced

a temporary slump, but is expectedto recover in the coming months.

Ultimately,reconstructionactivitywill

support 2012 economic growth but

much depends on how quickly the

reconstruction actually begins.

The shortage of skilled labor

has long been an obstacle to

Thailands competitiveness.

The domestic workorce is generally

good quality and highly productive, but

educational levels remain comparatively low:

Secondaryschoolcompletionratehas

grown signifcantly in the past 15 years,

but these gains have been outstripped

by increased demand or skilled labour.

Only19%ofThaiuniversitygraduateshave

a science and technology background

and 64.6% o the manuacturing orce

has only an elementary education,

with just 6.2% possessing a degree.

Thailand has also aced a brain drain

in recent years, with its skilled students

and workers migrating in search o

better opportunities and pay.

thailand

population

unEmploymEnt

2012: 69.9 m 2016

1

2012: 0.9% 2016

0

Source: IHS Global Insight

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thailand

GoVERnmEnt aCtion to

addREss skill shoRtaGE

Education: A mix o student

grant policies have been design

increase overall access to highe

immigration: The ASEAN Ec

Community (AEC) will usher in a

labor market in 2015. To prepar

this change, the government is

ree regional movement or eigh

proessions, including engineers

proessionals, and other skilled

labouR FoRCE pRojECtions in 000

Source: Asia Development Bank

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40,000

35,000

30,000

25,000

20,000

1980 1990 2000 2010 2020 2030


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thailand

kEy industRiEs

Thailandsanimationandgamingmarkethasgrownmorethan66%since2006.TheSoftwareIndustryPromotionAgency(SIPA)predictsthemarkettobeworthmorethanUSD1billionby2013.

Inaddition,theDigitalMediaAsiaprojectaimstomakeThailandaregionalhubofthedigitalcontentindustry.

The agency is opening a Digital Content Center that will serve as an incubator or the industry.

InNovember2005,ThailandreacheditsautoproductiongoalandwasdubbedtheDetroitofAsia.Between2005and

2010, the industry experienced a 100% growth, and has or several decades been a priority sector. Today the automotive

industry is the third largest industry in Thailand, employing a workorce o more than 300,000 employees.

ThailandsnationalbiotechnologypolicyaimstoincreasethecountryscompetitivenessthroughinvestmentofoverUSD

164 million (5 billion Baht) in biotech research and the development o more than 100 biotech companies.

Thailandiscurrentlytheregionsthird-largestbioplasticsproducer,butthegovernmentiscarrying

out a 15-year plan or Thailand to become the regional leader by 2021.

Thesectoremploysupwardsof40,000qualiedsoftwareengineers.

Enterprisesoftwaredominatesthesector,accountingfor>86%oftotalvaluein2010.Thatsameyear,mobile

application sotware and embedded sotware saw rapid growth, expanding 21% and 24%, respectively.

Tostrengthenskillsofthesoftwarelaborforce,theSIPAhasbegunaprogramthatplacesrecentgraduateswithlocalrmstoreceiveon-the-job

training. Graduate students will be trained in high-level development skills and in supporting Sotware as a Service (SaaS) and enterprise architecture

ThailandhasemergedasoneoftherstcountriesinAsiatoencouragealternativeenergyinvestment.In2008,the

government introduced its Alternative Energy Development Plan (AEDP), which aims or renewable sources to provide

20% o the countrys total energy consumption by 2022, signifcantly reducing dependence on ossil uels.

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about kElly

Kelly Services, Inc. (NASDAQ: KELYA, KELYB) is a leader in providing workorce

solutions. Kelly oers a comprehensive array o outsourcing and consulting

services as well as world-class stafng on a temporary, temporary-to-hire and

direct-hire basis. Serving clients around the globe, Kelly provides employmentto more than 550,000 employees annually. Revenue in 2011 was $5.6 billion.

Visit www.kellyservices.com and connect with us on Facebook, LinkedIn, & Twitter.

souRCEs

Country Report: Thailand. IHS Global Insight.

Employment market set or growth next year. www.nationmultimedia.com. (12/21/11)

ThailandsEconomicOutlook.www.drsohn.com.(11/30/11)

Thailand:ImprovementsinHigherEducationNeededtoSustainGrowthinLowandMiddleIncomeEastAsia.WorldBank.(10/13/11)

Thailand Automotive Cluster. Institute or Strategy and Competitiveness. (05/06/11)

Is Thailand Really Short o Labor? Board o Investment. (08/11)

Ministryopensjobmarket,socialsecuritytoforeigners.AMNewspaper.(01/20/12)

PMSaidThailandHasMetCriterionsToBecomeDetroitOfAsia.www.thaivisa.com.(12/17/05)The Detroit o Asia. Automotive Business Review. (11/08)

Thai oods cut thousands o jobs, put many at risk. The Sun Daily. (02/28/12)

ThaiFloodingHasManyImpacts:BusinessAroundTheWorldTouched,PartsMakersProductionDelaysExpectedtoLastMonths.emssolutionsinc.wordpress.com.(10/21/11)

ThailandsSkilledLaborShortfallWhenWillitEnd?Thai-AmericaBusiness.(2007)

ThaiFloodsSapCondence.BusinessWeek.(02/23/12)
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employment outlook 2012 - thailand

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