In another sign of the battle for scarce talent in Malaysia, Colony Co-Working Space is offering RM10,000 in referral fees for each successful hire the company makes. This is supported by the growing demands the company has in its aggressive expansion plans in the coming years. The referral fees will be paid out to anyone who recommends a candidate to the company who is hired and is confirmed after the probationary period.
The company that counts Maybank, Microsoft and AIA among its customers has plans to expand to at least four more locations this year. It is actively recruiting Community Managers, Sales Representatives and and Project Managers. Service is a crucial part of the company's identity as Colony places a strong emphasis on hospitality, ensuring the happiness of its tenants and having a team that knows how to go above and beyond.
"At Colony we believe that our success lies in our ability to revolutionise our guests working experience, which ultimately comes down to the people we have working both behind the scenes and at the front of the office day in and day out. Getting talented and passionate individuals who fit our culture has always been a core focus for us, which is why we're excited about this initiative to help us find the best people who will drive Colony's success going forward,"said Colony's Co-Founder and Executive Director Timothy Tiah.
A recent study by TalentCorp and the Institute of Labour Market Information and Analysis (ILMIA) found that two of the biggest difficulties that companies faced in filling up critical positions were that the candidates did not possess the required technical experiences or possess a satisfactory level of soft and interpersonal skills. According to recruitment expert Hays, these struggles account for 97% of employers. Despite the Malaysian workforce becoming increasingly educated over recent years, and the size of the labour force with tertiary education growing to 4.1 million, the lagging number of employed persons in high-skilled occupations of 3.9 million indicates that a significant skills gap still exists in the labour market today.
Colony will be introducing this initiative for a period of one month, and in the event that it is successful, the company is prepared to look into extending the offer once again in the future.