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Recession raises job demand in some sectors

By: Staff Journalist, Singapore
Published: Feb 02, 2012

TALENT SHORTAGE        ECONOMY        JOB SKILLS 

Global – The recession has created a higher demand for jobs in finance and budgetary sectors, as well as procurement and negotiation. However, there remains a worldwide shortage of local candidates with such skills.

There is a soaring demand for professionals in these sectors, as organisations increasingly seek greater financial and budgetary awareness while cutting costs and creating savings, Hays, a global recruitment firm noted.

“Talent shortages are a global problem,” Christine Wright, managing director of Hays in Japan, said. “Current economic circumstances and long–term demographic trends are driving demand.”

Other skills with the highest demand include: healthcare; IT skills specific to individual industries; green energy and consumption; research and development in technology, consumer goods, industrial and life sciences.

In terms of soft skills, the need for talent with additional languages is a common theme among sectors and countries. Although the English language has become the lingua franca for business, employers prize candidates with the ability to speak a second or third language. Also in great demand are people with effective communication skills, and leadership and team management skills.

Similarly, organisational skills are highly in demand, given the current global economic conditions, as employers want staff that are capable of efficient time management. Organised workers are able to make the best possible contribution to the business, while adding the greatest value, the report noted.

“We operate in 31 countries and these skills are the ones that our clients globally say are most in demand. For anyone considering their career options in our globalised economy, these are the skills to focus on,” Wright concluded.

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