Vietnamese fresh grads are the unhappiest in the region

Vietnam graduates scored lowest on the job happiness spectrum in the ASEAN region, according to a latest survey conducted by JobStreet.com.

More than 50,000 fresh graduates in the Philippines, Hong Kong, Thailand, Singapore, Malaysia, Vietnam and Indonesia were asked to rate their happiness level at their current jobs.

Vietnam scored lowest on the job happiness spectrum at 4.9 out of 10 points. Fresh graduates in the Philippines came out on top in the happiness scoreboard with 6.5 out of 10 points, followed by Indonesia (6/10) and Thailand (5.9/10).

Fresh graduates in Malaysia, Hong Kong and Singapore seemed neither happy nor unhappy with their jobs with scores of 5.5, 5.2 and 5.1 points, respectively.

Source: Jobstreet.com & jobsDB, December 2016

Source: Jobstreet.com & jobsDB, December 2016

The respondents were then asked how they expected this to change in the next six months, and to rate the top factors that would increase their job satisfaction. Fresh grads in Indonesia were the most optimistic about the future with 6.8 points, followed closely by the Philippines and Vietnam.

Respondents in Thailand and Malaysia were moderately optimistic, while Singapore and Hong Kong didn’t seem to expect much change to happen in the near future and scored 5.4 points.

Source: Jobstreet.com & jobsDB, December 2016

Source: Jobstreet.com & jobsDB, December 2016

Despite differences in their outlooks, all respondents across the board agreed on the top two factors that would make them happier at work – “salary increase” and “new job.”

There are a great number of fresh graduates who can’t find a job within six months of their graduation. According to the survey on 400 employers in the first quarter, the attitude and skills of fresh candidates have not been up to par with their salary expectation. Accepting their offered salaries is one of the reasons why candidates are successfully hired. It seems like many fresh grads are expecting too much without real-life experience.

It would be totally understandable for someone who’s been in the same job for 5 years, but for fresh grads to be feeling this way is a major cause for concern. If they’re looking to jump ship for higher pay, does that mean they’re being underpaid to begin with, or that they’re expecting too much?

Source: Jobstreet.com & jobsDB, December 2016

Source: Jobstreet.com & jobsDB, December 2016

JobStreet.com recently highlighted findings from “2016 Salary Increase Trends for Employees in Asia Pacific” and they discovered that pay raises are of sync with inflation, resulting in lower increase in real terms. This is further supported by a report by Mercer highlighting low wage growth due to high inflation and double-digit turnover rates for almost all countries in Asia Pacific.

VN Economic Times



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