{"id":20215,"date":"2022-01-27T06:00:00","date_gmt":"2022-01-27T06:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2022\/01\/27\/talent-crunch-may-intensify-with-smaller-talent-pool-actively-job-hunting\/"},"modified":"2022-01-27T06:00:00","modified_gmt":"2022-01-27T06:00:00","slug":"talent-crunch-may-intensify-with-smaller-talent-pool-actively-job-hunting","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2022\/01\/27\/talent-crunch-may-intensify-with-smaller-talent-pool-actively-job-hunting\/","title":{"rendered":"Talent Crunch May Intensify With Smaller Talent Pool Actively Job-Hunting"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<ul>\n<li><span class=\"normaltextrun\">78% of employers find it\u00a0difficult to fill job roles due to shortage of talent with relevant skillsets.<\/span><\/li>\n<li><span class=\"normaltextrun\">Only 10% of employees in Singapore say that they\u00a0are actively looking for a new job.<\/span><\/li>\n<li><span class=\"normaltextrun\">The top three reasons\u00a0cited by employees\u00a0for\u00a0remaining in their current roles\u00a0are\u00a0&#8216;being satisfied\u00a0with the current role&#8217;\u00a0(60%), &#8216;satisfaction with the current\u00a0pay&#8217; (33%), and &#8216;current company provides job security&#8217;\u00a0(24%).\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p class=\"paragraph\"><span class=\"normaltextrun\">SINGAPORE<\/span>\u00a0&#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\" rel=\"sponsored\">Media OutReach<\/a>\u00a0&#8211;<span class=\"normaltextrun\">\u00a027\u00a0January\u00a02022\u00a0&#8211; More employers (65%) look to augment their workforce, compared to a year ago (56%) with businesses looking to 2022 with optimism. However, out of those who are hiring or intending to hire new talent, four in five (78%) of them are facing a challenge in filling job roles due to a lack of talent with relevant skillsets. This talent crunch may be exacerbated with only one in ten employees (10%) actively looking for a new job.\u00a0Most\u00a0employees\u00a0(60%) are open but not actively looking for a new job,\u00a0whereas\u00a030% of employees are not\u00a0looking\u00a0and would remain in their current roles.\u00a0<\/span><span class=\"eop\">\u00a0<\/span><span class=\"eop\"\/><\/p>\n<p class=\"paragraph\"><span class=\"eop\">\u00a0<\/span><\/p>\n<p class=\"paragraph\" align=\"center\"><img width=\"500\" data-src=\"https:\/\/images.media-outreach.com\/Thumb\/500x0\/217486\/A5-EJS-PressRelease-V2-FINAL-.jpg#image-217486\" class=\"lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"\/><\/p>\n<p><noscript><img src=\"https:\/\/images.media-outreach.com\/Thumb\/500x0\/217486\/A5-EJS-PressRelease-V2-FINAL-.jpg#image-217486\" width=\"500\"\/><\/noscript><\/p>\n<p class=\"paragraph\"><span class=\"eop\">\u00a0<\/span><\/p>\n<p class=\"paragraph\"><span class=\"normaltextrun\">These are some\u00a0key findings from <a href=\"https:\/\/www.ntuclearninghub.com\/\" rel=\"sponsored\">NTUC LearningHub<\/a>&#8216;s\u00a0recently launched\u00a0<b>Emerging Jobs and Skills Report<\/b>,\u00a0where over 650 working professionals from Singapore were surveyed\u00a0in\u00a0December 2021. The\u00a0respondents\u00a0comprised both employers and employees from the six main industry clusters in Singapore,\u00a0with the aim\u00a0to uncover a dual perspective about the\u00a0current job market, emerging\u00a0jobs\u00a0and skills,\u00a0as well as\u00a0the training landscape.\u00a0<\/span><span class=\"eop\">\u00a0<\/span><\/p>\n<p class=\"paragraph\"><span class=\"eop\">\u00a0<\/span><span class=\"normaltextrun\"\/><\/p>\n<p class=\"paragraph\"><span class=\"normaltextrun\">The report reveals that industry clusters facing a greater talent crunch are Modern Services (87%), Manufacturing (83%) and Essential Domestic Services (80%).\u00a0These include roles in Infocomm Technology (ICT) and Media, Energy and Chemicals, and Healthcare respectively. <\/span><span class=\"eop\">\u00a0<\/span><\/p>\n<p class=\"paragraph\"><span class=\"eop\">\u00a0<\/span><\/p>\n<p class=\"paragraph\"><span class=\"eop\">Correspondingly, the report also uncovers that <\/span><span class=\"normaltextrun\">employees working in Essential Domestic Services are the least likely to actively look for new employment (only 6% are actively looking), followed by Manufacturing (7%) and Modern Services (10%). When asked about the reasons for not actively job searching, the top three reasons\u00a0given by employees\u00a0are\u00a0&#8216;being satisfied\u00a0with the current role&#8217;\u00a0(60%), &#8216;satisfaction with the current\u00a0pay&#8217; (33%), and &#8216;current company provides job security&#8217;\u00a0(24%).\u00a0<\/span><span class=\"eop\">\u00a0<\/span><span class=\"normaltextrun\"\/><\/p>\n<p class=\"paragraph\">\u00a0<\/p>\n<p class=\"paragraph\"><span class=\"normaltextrun\">Commenting on the findings, NTUC LearningHub&#8217;s Anthony Chew, Director of ICT, says, &#8220;To plug the skills chasm, companies could benefit from upskilling both existing and new employees to boost their workforce competencies and meet business objectives. NTUC LearningHub has been working closely with companies to curate outcome-focused training to place employees with latest industry-relevant skills set in their companies. This is achieved through our &#8216;train and place&#8217; and &#8216;place and train&#8217; programmes where we work with employers and NTUC&#8217;s e2i to match them with mid-career switchers who have reskilled through our programmes, or help their new hires undergo targeted classroom training and on-the-job training. Both programmes enable talents to seamlessly transition into their new roles. For example, to help companies overcome the talent crunch in the ICT sector, NTUC LearningHub has been working with employers in the sector to place and subsequently train new employees in both tech-lite and deep-tech job roles.&#8221;<\/span><\/p>\n<p class=\"paragraph\"><span class=\"normaltextrun\">\u00a0<\/span><\/p>\n<p class=\"paragraph\"><span class=\"normaltextrun\">He adds, &#8220;Through these programmes, companies can also tap on various training resources, government funding and support schemes. We urge employers who are facing talent shortages to work with us and leverage these programmes to cast a wider net for qualified candidates.&#8221;<\/span><\/p>\n<p class=\"paragraph\"><span class=\"eop\">\u00a0<\/span><\/p>\n<p class=\"paragraph\"><span class=\"normaltextrun\">To download the\u00a0Emerging Jobs and Skills\u00a0Report,\u00a0visit\u00a0<\/span><a href=\"https:\/\/www.ntuclearninghub.com\/emerging-jobs-and-skills-2022\" target=\"_blank\" rel=\"sponsored noopener noreferrer\"><span class=\"normaltextrun\">www.ntuclearninghub.com\/emerging-jobs-and-skills-2022<\/span><\/a><span class=\"normaltextrun\">.\u00a0To find out more about NTUC LearningHub&#8217;s courses, training and grants, visit\u00a0<\/span><a href=\"https:\/\/www.ntuclearninghub.com\/\" target=\"_blank\" rel=\"sponsored noopener noreferrer\"><span class=\"normaltextrun\">www.ntuclearninghub.com\/<\/span><\/a><span class=\"normaltextrun\">.<\/span><span class=\"eop\">\u00a0<\/span><\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/singapore\/2022\/01\/27\/117960\/talent-crunch-may-intensify-with-smaller-talent-pool-actively-job-hunting\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>78% of employers find it\u00a0difficult to fill job roles due to shortage of talent with relevant skillsets. Only 10% of employees in Singapore say that they\u00a0are actively looking for a new job. The top three reasons\u00a0cited by employees\u00a0for\u00a0remaining in their current roles\u00a0are\u00a0&#8216;being satisfied\u00a0with the current role&#8217;\u00a0(60%), &#8216;satisfaction with the current\u00a0pay&#8217; (33%), and &#8216;current company provides &hellip;<\/p>\n","protected":false},"author":1,"featured_media":20216,"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\/20215"}],"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=20215"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/20216"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=20215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=20215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=20215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}