Kuala Lumpur, 4 December 2023 – Jobstreet by SEEK, Malaysia’s leading career and talent partner, has announced the transformation of its employment platform, redefining the way talent and employers connect through AI. The new platform uses its parent company SEEK’s world-class AI technology to offer better job matches, new experiences, and deeper insights for both Malaysian jobseekers and employers.
The transformation of the Jobstreet platform stems from SEEK’s ~RM545 million (AUD$180 million) investment across the last three years to unify its three online employment marketplaces in APAC, namely SEEK (in Australia and New Zealand), Jobstreet (in Malaysia, the Philippines, Indonesia, and Singapore), and JobsDB (in Hong Kong and Thailand).
This transformation enables the company to accelerate growth and unlock a larger opportunity across the APAC region. At the program’s completion by early 2024, Malaysian jobseekers and employers will have access to more job opportunities and a larger talent pool across SEEK’s entire APAC region.
“This is an incredible transformation for Jobstreet in Malaysia as the leading online employment marketplace. With our large and diverse talent pool, the ultimate goal with this transformation is to help ease the job and talent search process. We look forward to helping jobseekers match up with employers based on specific skills, job roles, and career goals with ease, and the use of SEEK’s innovative and world-class AI technology for intuitive matching will help to achieve this,” says Vic Sithasanan, Managing Director, Jobstreet by SEEK (Malaysia).
New Features and Capabilities for Better Job and Talent Recommendations
The new Jobstreet by SEEK platform employs AI models to assess talent suitability, shortlist applications, and provide personalised recommendations by processing data from various sources, including the talent’s resumes, the job ad descriptions, and the employer’s past behaviours. With that, talent will now see a ‘Top Applicant Badge’ if they are a strong applicant for the position, which increases the chance of them applying for the role, and ultimately creating better matches as their experience and skills align with the job requirements. This also benefits employers who would receive a more qualified and relevant list of applications for the job vacancies that they publish.
To make the talent-hunting process more efficient for employers, they can also choose to include AI-recommended screening questions for their job posts, as part of the job application process. This way, the most suitable talent can be easily identified based on their responses to the questions.
The AI-powered platform also introduces a new feature – the predictive approachability signal – which is designed to assist in matching talent with potential employers more effectively. By using state-of-the-art predictive technology, Jobstreet by SEEK is able to anticipate talent that may be approachable to discuss a new job opportunity, even before the vacancy has been advertised. Whether or not a talent is marked as approachable to employers depends on a range of factors, some of which include how active the talent is on Jobstreet by SEEK and what information they have in their profile. This feature is particularly helpful for employers who want to headhunt for the right person to fill their role.
Besides that, Malaysian jobseekers can now decide on their profile visibility on the new platform, signalling to employers that they are open to job opportunities even if they are not actively applying for jobs. This makes it easier for employers to proactively contact talent with opportunities, if applicable.
Jobstreet by SEEK provides Malaysian talent with insightful, data-backed career advice and salary information on the platform. This helps them to navigate conversations around wages by knowing their salary ranges, or make informed decisions around their careers.
Continuous investment in AI technology
The new platform will help link talent with the right job opportunities, increasing the chances of landing the right job. Jobstreet now draws on its parent company SEEK’s over 25 years of APAC-wide data, optimising it for Malaysia based on local insights drawn on over two decades of operation in the market. This is driven by SEEK’s data and AI team of over 200 people, who are completely focused on the APAC region.
“At SEEK, we are committed to leveraging data and technology to provide the most effective, efficient and fair recruitment solutions for talent and employers. We have been investing heavily in data and AI for over a decade with strong results and will continue to do so as we aspire to make our products more effortless, personalised and trusted for our customers,” said Grant Wright, General Manager of Marketplace and AI Products at SEEK.
To experience the new Jobstreet by SEEK platform, visit jobstreet.com.my or download the app on Google Play Store or the App Store.