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Singapore’s talent shortage is at its highest since 2008

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Finding it hard to fill roles? You’re not alone. ManpowerGroup 2018 Talent Shortage Survey revealed 56% of employers in Singapore reported difficulty filling jobs – highest since 2008.

Surveying 360 Singapore employers, it further found that by company size, medium sized companies (50-249 employees) have the most difficulty filling roles, followed by large companies (250 or more employees), and small companies (10-49 employees).

2018_TSS_Infographics-Singapore_Final (1)

 

According to ManpowerGroup’s survey, most of the jobs where demand is growing are mid-skilled roles that require post-secondary training, yet not always a full university degree. Roles with the highest demand include sales representatives, engineers, drivers, professionals, and technicians.

Linda Teo, country manager of ManpowerGroup Singapore, said: “While artificial intelligence is fast-expanding what can be automated, technology is redefining rather than replacing in-demand roles.”

She noted the increasing prevalence of e-commerce in Singapore has driven up demand for drivers and customer service professionals to address companies’ rapidly growing logistics and last-mile delivery needs.

“Companies providing on-demand transportation and delivery services such as Grab and foodpanda further contributed to the demand,” Teo added.

Nearly a third of Singapore employers revealed the main reason they cannot fill roles is because candidates lack the necessary experience. Another 27% say applicants expect higher pay than offered while 22% say it is a lack of applicants.

As companies digitalise, automate and transform, finding candidates with the right blend of technical skills and human strengths is more important than ever – yet 13% of employers say applicants lack either the hard skills or human strengths they need.

2018_TSS_Infographics-Singapore_Final (2)

 

Employers across the Asia Pacific region are also faced with talent shortages with the region containing five of the top 10 worst affected markets in the survey – Japan (89%), Taiwan (78%), Hong Kong (76%), Singapore (56%), and India (56%)

ManpowerGroup Talent Shortage Survey

 

 

Globally, talent shortage has reached a 12-year high at 45% and with record talent shortages around the world, employers have to move beyond hiring talents wholesale. Employers around the globe are tackling talent shortages by upskilling their own workforce, adjusting credential requirements and recruiting from less conventional talent pools, such as mature workers.

ManpowerGroup Talent Shortage Survey (2)

 

 

Teo commented: “It’s time for a new approach to attract, recruit and retain talent. Employers need to buy skills where necessary, borrow from external sources and help people with adjacent skills bridge from one role to another. We need to value potential over performance. Above all, we need to be builders of talent, rather than consumers of work to create a workforce with the skills companies and individuals need to thrive today and tomorrow.”

2018_TSS_Infographics-Singapore_Final (3)

Infographic / ManpowerGroup

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