SINGAPORE
Nilay
In view of the economic demands, the sectors
According to the report, job creation in Singapore’s
2021 will see
Considering
As a viable option to bridge skill gaps
SINGAPORE
–\u00a0Media OutReach\u00a0– 20 January 2021 – Professional
recruitment services firm Michael
Page Singapore launched the Talent Trends 2021 Report, with
a keen eye on Singapore’s job market.
While hiring activities dipped 35% in 2020 during the COVID-19 pandemic, 40% of
employers cited their plans to increase headcount numbers this year -
indicating an optimistic …<\/p>\n","protected":false},"author":1,"featured_media":11405,"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\/11404"}],"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=11404"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/11404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/11405"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=11404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=11404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=11404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n–\u00a0Media OutReach<\/a>\u00a0– 20 January 2021 – Professional
\nrecruitment services firm Michael
\nPage Singapore<\/a> launched the Talent Trends 2021 Report, with
\na keen eye on Singapore’s job market.
\nWhile hiring activities dipped 35% in 2020 during the COVID-19 pandemic, 40% of
\nemployers cited their plans to increase headcount numbers this year -
\nindicating an optimistic recovery path.<\/p>\n![](\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/500x0\/118363\/Nilay-Khandelwal.jpg#image-118363\")
<\/p>\n
\n
<\/p>\nNilay
\nKhandelwal, Managing Director, Michael Page Singapore<\/h5>\n
\nKhandelwal, Managing Director of Michael Page Singapore<\/a>, says, “Singapore’s economy has turned a corner and remains a stable, secure and
\ntrusted hub, with seamless connections. As the economy recovers, investment
\ninto the market will flourish, and that would drive the demand for talent amid
\nthe business recovery climate.”<\/p>\n
\n
<\/p>\n
\nearmarked for highest hiring activity are technology & telecommunications,
\nbanking & financial services, industrial & manufacturing, FMCG as well
\nas professional services.<\/p>\n
\ntechnology sector is driving the uptick in employment. Many businesses in Singapore were not ready for the new normal when
\ntechnology capabilities had to ramp up quickly to ensure business continuity
\nduring the pandemic. To that end, Singapore’s fintech and e-commerce sectors
\nbecame role models for everybody else. These sectors, in particular, remained
\nbuoyant throughout 2020, thus becoming good examples for non-technology
\nbusinesses to follow suit.<\/p>\n
\nfurther drive to upgrade and digitise businesses where technology professionals
\nskilled in data engineering, data visualisation, software developing and
\ncybersecurity will see the most demand. According to the report, 80% of
\ntechnology professionals state renumeration and benefits as their top
\nconsideration when accepting a job offer.<\/p>\n
\nthe increased competition for high-potential professionals, Nilay Khandelwal
\nadvises, “Tech professionals are currently in great demand, hence it is
\npertinent for employers to ensure they are not a part of a talent auction
\nprocess and are paying in line with market standards to attract the right
\ntalent.”<\/p>\n
\narising from increased investment in digital tools, 20% of companies in
\nSingapore cited prioritising short-term contractors\/temporary employment in
\ntheir 2021 hiring strategy. This spiked in the back end of 2020 particularly
\nacross digital, procurement and technology, since travel and borders remain
\nclosed. This is likely to continue in 2021 as businesses in Singapore make more
\nstrategic recruitment plans and hire for the future.<\/p>\n<\/p><\/div>\n\n
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