Human Resources

Toggle

Article

Hiring recruitment microscope

Talent shortage plagues Singapore’s publishing industry



Asia’s most renowned regional HR Excellence Awards is back in October in Singapore and Malaysia to sieve out HR’s finest gems. Are you a diamond in the rough? View the categories and find out more.

Finding talented and quality staff is the biggest challenge bosses in Singapore’s publishing industry are facing today.

Following reports that bosses in Singapore are “extremely” worried about talent shortage, a study by media agency OMD highlighted “finding the right staff” was the biggest barrier (67%) preventing local publishing firms from expanding their business.

While 89% of respondents stated that they have an in-house technology team, a lack of talent to handle digital media platforms was also highlighted as a concern in the report.

The survey stressed on the need for firms to pay attention to such talent shortages, especially with 72% of respondents stating they are looking to expand their brand overseas.

Other challenges Singaporean publishers reported included rental costs(44%) and a small local market.

One third of publishers also said they face cashflow problems, particularly regarding overseas suppliers.

Image: Shutterstock

HR Masterclass from Human Resources magazine: High-level HR strategy training workshops
led by the world's most respected HR thought leaders & strategists.
Review the 2019 programme here »

Read More News

Trending

Leave a Reply

You must be logged in to post a comment.