SEEK, Jobstreet and Jobsdb unify marketplace platforms, transforming APAC employment landscape

The merger of the three platforms comes a decade after SEEK acquired Asia’s leading online employment marketplaces, Jobstreet and Jobsdb 
Powered by parent company SEEK's world-class artificial intelligence (AI) technology, employers can now tap into an expanded talent pool of over 40 million people, while talent can access more career opportunities across eight APAC markets. 
SINGAPORE, 29 February 2023 – SEEK (ASX:SEK) has successfully merged its Asia Pacific employment marketplaces – SEEK, Jobstreet and Jobsdb – which will operate under a single platform powered by SEEK’s world-class AI technology, while retaining the individual brands. This integration brings together millions of jobseekers and employers across APAC to connect more of the right people with the right work. 
SEEK’s unification of its employment marketplaces comes 10 years after it acquired Jobstreet and Jobsdb, and follows three years of development and an estimated AUD$180 million investment. 
“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,” says Peter Bithos, Chief Executive Officer, Asia, SEEK.  
Proving greater access to talent and jobs across Singapore & APAC  
As global talent shortages reach a 16-year high, Singapore saw 83% of employers reporting difficulties in hiring skilled talent they need.
Jobstreet by SEEK’s latest Hiring, Compensation and Benefits 2024 Report, which surveyed companies in Singapore, also found that:  
45% of employers surveyed expressed confidence in the job market in the first half of 2024, however there was a noticeable decline to 32% for the second half of 2024.  
49% of employers were keen on increasing their permanent headcount and around 33% of employers also plan on increasing their contract staff for the first half of 2024. Reasons cited included business expansion (54%) and difficulty in recruiting suitable full time staff (34%).  
This indicates a growing need for employers to connect more effectively with talent across both Singapore and APAC. 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 Jobstreet’s data, which shows that “work from home” has consistently been one of the top 12 keywords that talents search for in the past two years. SEEK’s new features can help employers solve these challenges in the upcoming year, and to better plan for their future workforce.  
“In today’s employment landscape, there's a growing demand for specialised skill sets, like care economy skills or digital economy skills. In line with our goal of supporting both talent and hirers, we're excited to facilitate more tailored and better job matches to address the crux of the problem. Powered by SEEK’s cutting-edge AI, the ability to seamlessly match hirers and talents based on specific skills, job roles, and career aspirations is crucial in Singapore’s highly dynamic and evolving employment landscape,” says Chew Siew Mee, Managing Director, Singapore, Jobstreet by SEEK.   
Delivering relevant matches and personalised experiences  
The unified marketplace brings forth new AI-powered advancements to the Jobstreet and Jobsdb platforms in Asia, 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 hire fast and right. Employers can also expedite the talent shortlist process by adding AI-recommended screening questions in their job ads.  
To make the job-hunting process more efficient and relevant for talent, they can now  be better matched to AI-recommended jobs they are most qualified for based on their experience and skills. Using AI, SEEK also predicts when a person is likely a strong candidate for a role by showing a top applicant badge, so talent can make more informed decisions whether to apply for a role. 
Following the unification program, SEEK can now harness a larger dataset across APAC, which will empower its AI algorithms to provide even more precise and relevant matches between employers and talent. Ultimately, this translates into an elevated user experience and expedites the hiring process on its Jobstreet and Jobsdb platforms.  
For more information on the new features on Jobstreet and Jobsdb, please refer to Appendix A. 
For more information on the Hiring, Compensation, & Benefits Report 2024 please refer here. 
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Appendix A: List of key changes 
New Feature 
Description 
Benefit 
Top applicant badge 
Using AI, SEEK predicts when a person is likely a strong candidate for a role 
Boosts candidate application rates and results in better matches as their experience and skills align with the job requirements. Also improves the relevance of job ad responses as employers get more qualified applications. 
Profile visibility and approachability 
Talent can choose if they want to be visible or approached by employers (Standard, Limited, Hidden visibility options available) 
Talent can signal openness to job opportunities, simplifying proactive employer outreach. 
About Your Next Role & “Right to Work” 
Talent can indicate what they are looking for in their next role and indicate the right to work in the preferred locations 
Enables more relevant job recommendations, helping talent stand out to the right employers for better matches. 
Multi-location posting 
Employers can post job ads more than one location at a time across APAC 
Streamlines the job ad posting process, giving APAC employers access to a larger talent pool across SEEK, Jobstreet, and Jobsdb. Talent also gains access to employers in eight markets. 
Talent Search 
Provides instant candidate recommendation (up to 100 profiles) with every job ad posted 
Facilitates quicker and more targeted hiring, allowing employers to reach out to suitable talent promptly and extend their reach beyond active jobseekers. 
AI-recommended screening questions 
Employers can add recommended AI-based screening questions to job posts. 
Streamlines talent selection, enabling employers to shortlist talent faster by identifying the most suitable candidates based on their responses. 
Real-time analytics 
AI powered ad performance analytics provides insights on job ad performance, ad usage, market trends, and talent search usage.​ 
Employers can make smarter hiring decisions with deep and actionable insights from SEEK Analytics. 
 

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New Feature	Description	Benefit
Top applicant badge	Using AI, SEEK predicts when a person is likely a strong candidate for a role	Boosts candidate application rates and results in better matches as their experience and skills align with the job requirements. Also improves the relevance of job ad responses as employers get more qualified applications.
Profile visibility and approachability	Talent can choose if they want to be visible or approached by employers (Standard, Limited, Hidden visibility options available)	Talent can signal openness to job opportunities, simplifying proactive employer outreach.
About Your Next Role & “Right to Work”	Talent can indicate what they are looking for in their next role and indicate the right to work in the preferred locations	Enables more relevant job recommendations, helping talent stand out to the right employers for better matches.
Multi-location posting	Employers can post job ads more than one location at a time across APAC	Streamlines the job ad posting process, giving APAC employers access to a larger talent pool across SEEK, Jobstreet, and Jobsdb. Talent also gains access to employers in eight markets.
Talent Search	Provides instant candidate recommendation (up to 100 profiles) with every job ad posted	Facilitates quicker and more targeted hiring, allowing employers to reach out to suitable talent promptly and extend their reach beyond active jobseekers.
AI-recommended screening questions	Employers can add recommended AI-based screening questions to job posts.	Streamlines talent selection, enabling employers to shortlist talent faster by identifying the most suitable candidates based on their responses.
Real-time analytics	AI powered ad performance analytics provides insights on job ad performance, ad usage, market trends, and talent search usage.	Employers can make smarter hiring decisions with deep and actionable insights from SEEK Analytics.