SEEK (ASX:SEK) has successfully merged its APAC employment marketplaces – SEEK, Jobstreet and Jobsdb – which will operate under a single platform powered by SEEK’s world-class AI technology, while retaining their individual brands.
This integration aims to bring together millions of talent and employers across the APAC region to accurately match jobseekers and employers.
SEEK’s unification of its employment marketplaces comes 10 years after it acquired Jobstreet and Jobsdb and follows three years of development with an estimated AUD$180 million (RM560 million) investment.
In a release today SEEK Chief Executive Officer, Asia Peter Bithos said: “At SEEK, everything we do revolves around our customers. One unified platform means we can now offer our product to millions of people across Asia in an entirely new way, so that our customers can find jobs and talent more easily. This puts us in a stronger position, more than ever before, to realise our ambition of helping 500 million people develop their careers with five million companies in the region.”
Providing access to more talent and jobs across APAC
In Malaysia, unemployment rates have returned to pre-pandemic levels of 3.3%. Following this positive growth, many organisations have shown difficulties in hiring talent across the country, among one of the reasons being talent or skills mismatch.
To address this gap, employers can now tap into a wider talent pool of over 40 million people across eight APAC markets, and talent can access more job opportunities from over 2.5 million employers – including more remote working opportunities.
This aligns with a survey finding which revealed that 68% of talent are willing to work remotely for an employer that lacks a physical presence in their country. SEEK’s new features are particularly helpful for those recruiting talent based in other markets and for Malaysians who wish to explore employment opportunities in companies that are based overseas.
Jobstreet by SEEK Managing Director Vic Sithasanan said: “As the leading job searching platform in Malaysia, and recently honoured as the gold winner for e-commerce at Putra Aria Brand Awards—a prestigious accolade determined by people’s choice—we are excited to facilitate more tailored job matches between employers and jobseekers in the country. With the implementation of SEEK’s AI-powered solutions, Jobstreet can now help employers and talent in Malaysia find better matches more efficiently and navigate the job market more effectively.”
Delivering relevant matches and personalised experiences
The unified marketplace platform brings forth new AI-powered advancements to Jobstreet by SEEK’s platform, aimed at enhancing the employment experience for both employers and job seekers throughout the region.
For employers, the new platform deploys AI models to assess talent suitability and provide highly personalised recommendations by processing data from various sources, including resumes, job ad descriptions and the employer’s past behaviours. This allows employers to have a more efficient hiring process.
Employers can also expedite the talent shortlist process by adding AI-recommended screening questions in their job ads.
