SINGAPORE –\u00a0Media OutReach<\/a>\u00a0– 6 January 2021 These When In On the Moreover, Commenting “In the To download The New Normal of Sector Skill report, visit https:\/\/www.ntuclearninghub.com\/sector-skills-report-2020<\/a> <\/p>\n<\/p><\/div>\n\n SINGAPORE –\u00a0Media OutReach\u00a0– 6 January 2021 – Despite two in five (61%) employers expressing a pessimistic outlook towards the current job market, 56% indicate that they have been recently hiring or intending to hire new talent to meet their current business goals. In particular, the top three functions employers have been hiring or intending to …<\/p>\n","protected":false},"author":1,"featured_media":10921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/10920"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=10920"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/10920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/10921"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=10920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=10920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=10920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n– <\/b>Despite two in five (61%) employers expressing a pessimistic
\noutlook towards the current job market, 56% indicate that they have been
\nrecently hiring or intending to hire new talent to meet their current business
\ngoals. In particular, the top three functions employers have been hiring or
\nintending to hire for are ‘IT & Digital’ (45%), ‘Business Operations’ (39%)
\nand ‘Sales’ (29%).<\/p>\n![](\"http:\/\/release-manager.media-outreach.com\/i\/115452\/PRESS-RELEASE-Jobandskills-repor.jpg#image-115494\")
<\/p>\n
\nare some of the key findings from NTUC
\nLearningHub<\/a>‘s (NTUC LHUB) recently launched survey in The New Normal of
\nSector Skills report. Gathering the perspectives of 367 business leaders
\n(senior managers or directors and above) and 567 full-time employees working in
\nSingapore, the report aimed to uncover the shifts in dynamic of training and
\nemployment opportunities across six major industry clusters.<\/p>\n
\nasked about their recruitment endeavours, seven in ten (72%) employers say that
\nit has been challenging to fill roles due to shortage of talent with the
\nrequired skill set. This was most apparent in those in the built environment
\n(77%), manufacturing (76%) and essential domestic services (75%) industry
\nclusters. <\/p>\n
\naddition, to plug skills gaps, employers say they have been upskilling
\nemployees with complementary skill sets (55%), reskilling employees (40%) to
\ntake on newly created roles, and proactively attracting local talents (40%) to
\njoin their workforce. <\/p>\n
\nother hand, when asked about the functions which employees are looking to move
\nto in order to secure a stable job and career, ‘leadership & management’
\n(39%), ‘business operations’ (32%) and ‘administrative’ (30%) emerged as the
\ntop three functions. <\/p>\n
\ntwo in three (66%) employees feel the need to upgrade their skills to move to
\nanother industry that may be more resilient. About one third (31%) of the
\nrespondents are open to moving into the healthcare industry, while 23% are open
\nto moving to biopharmaceuticals manufacturing and 21% are open to moving to infocomm
\ntechnology. Among this group of respondents, employees from the built
\nenvironment and trade & connectivity industry clusters feel the strongest
\nneed to move to another industry.\u00a0 <\/p>\n
\non the findings, NTUC LHUB’s Chairman, Eugene Wong, says, “Digital adoption and
\nbusiness transformation will continue to accelerate across industries,
\nprompting employers to actively re-assess the talent pool they need in order to
\nnavigate the new economy.”<\/p>\n
\nnew world order where new information and technologies are being fielded at an
\nexponential rate, employers must lead their companies in upskilling or
\nreskilling to learn in-demand competencies that help companies navigate a
\nCOVID-19 economy. It is heartening that more employers now see the value in
\nupskilling and reskilling their employees, and many are also ramping up their
\nefforts to attract our local talent pool. This signifies a bright spot for
\nindividuals who are reassessing their career paths, and they can leverage
\nupskilling and reskilling resources to capture opportunities in these areas.”<\/p>\n
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