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A new survey by Japanese staffing firm Recruit Holdings has looked into the employment situation for university graduates in their 20s and 30s in Asia. Comparable data has so far not been available, Recruit said.
“Until now, there has been no data available which makes comparisons possible, so that the actual situation of finding employment and changing jobs for young people in Asia has not been clear,” the company said. “The targets of our survey were China, Korea, India, Thailand, Malaysia, Indonesia, Vietnam and Japan.”
The survey found that a large proportion of respondents in India, China and Korea found their first job through university. This stands in stark contrasts to graduates in Japan and Malaysia where a large number of respondents used job boards to find their first job. In Vietnam and Indonesia, on the other hand, networking played a more important role with many finding jobs through family or friends.
The survey also found that job hopping was most prevalent in Indonesia, followed by Malaysia, and Thailand. Most people said they left their jobs because they were unhappy with either their pay or working conditions. Upon leaving their jobs, the majority of respondents in China reported higher salaries with 83.7% saying so. This was followed by Indonesia at 78.3% and India at 75.9%. Annual incomes were highest in Japan with India showing the largest disparities in pay.
Apart from respondents in Japan, the majority of graduates ranked salary, employee benefits and welfare at the top when it came to valuing their jobs. Career opportunities came second in China and Indonesia while job security was more important in India, Thailand and Malaysia.