SKILLS SHORTAGES 

Singapore - Employers should take action now to minimize the impact of future skills shortages, says Chris Mead, general manager of Hays Singapore.

Even though the financial crisis has given employers a momentarily hiatus from the skills shortage, the market recovery has now reduced the number of highly-skilled candidates and skills shortages are starting to emerge again.

“Our latest quarterly report for Singapore identified a number of sectors such as accountancy & finance, banking and IT that are experiencing a shortage of highly skilled and specialised candidates.”

To help alleviate this and meet future workloads, Mead says employers first need to start re-investing in recruiting and training their entry-level candidates, such as graduates and less experienced candidates who are often highly motivated and want to prove their ability.

Another solution employers might consider is to look at candidates with transferable skills from related field, Mead adds.

“We also advise employers when recruiting to look ahead at what a candidate can offer in the coming three to five years, rather than just the next two years. This will also have a positive effect internally, with staff valuing the potential for future opportunities with their employer,” he adds.

________________________________________________________

 More quality Lighthouse titles

Get your marketing department up to speed with Asia's most read marketing site
marketing-interactive.com

Want to get on the right side of the procurement department?
Direct them to Procurement Asia