SUBSCRIBE: Free email newsletter

Human Resources



PMETs walking through Singapore's bustling CBD

Higher job mismatches in Singapore, especially among PMETs

Have you done anything impressive in the area of recruitment and talent acquisition? Of course you have. Don’t keep it a secret, enter it into the Asia Recruitment Awards! Position your company as an employer of choice at the Asia Recruitment Awards - entries open now!

In its biannual Macroeconomic Review yesterday, Monetary Authority of Singapore (MAS) reported that “workers who have been laid off have found it increasingly difficult to return to the workforce”. In fact, the rise of long-term unemployment in H1 2016 may also indicate that more workers have been out of jobs for longer duration.

According to MAS, there also seem to be a higher job mismatches especially among the professionals, managers, executives & technicians (PMETs) who made up for more than two-thirds of the layoffs. Despite more than half of the job openings being targeted at PMETs, only 39.6% of resident PMETs managed to re-enter the workforce within six months.

Although government initiatives such as the Professional Conversion Programmes and SkillsFuture Credit help workers to stay relevant to the evolving needs, MAS noted that the solution lies in the workers themselves. They “should equip themselves with the necessary skills to fill the jobs that are currently available and will be in demand in the coming years”. MAS also reported that “employment growth will remain weak in H2” with wage pressures likely to ease.

“These include professionals in IT, engineering, and finance, as well as healthcare workers and early childhood educators. Increasingly, more specialised skills would be needed to take on these new jobs, such as capabilities in IT applications and cyber security analytics”.

On a brighter note, the report showed that the transport & storage sector added 3,500 jobs in the first six months, supported further by strong hiring demand following the entry of two new public transport operators, Tower Transit and Go-Ahead Group.

Photo / 123RF

Workforce Mobility Interactive: only regional conference on employee mobility and expatriate management issues. Limited to 100 HR leaders and senior mobility specialists,
request your complimentary invitation now »

Read More News


Leave a Reply

You must be logged in to post a comment.