Singapore – Recruitment remains buoyant amidst talent shortage

Filed under: News |

By (Craig Johnson)

Hiring managers in Singapore are set to struggle in 2017 when sourcing skilled candidates to fill roles in areas such as technology, corporate governance, compliance and actuarial due to the gap between supply and demand, according Quarterly Market Insights Report for Q4 2016 released by recruitment firm Ambition.

The report also found an increase in active hiring by e-commerce companies and IT startups. In particular, start-ups were seeking financial controllers and CFOs as first finance hires to raise more funds and manage finance operations.

Technology and e-commerce are likely to be the country’s fastest-growing industries due to the government’s pledged efforts to boost investment in these sectors, according to Paul Endacott, Ambition’s regional managing director, Asia. Coupled with the increased demand for corporate governance, actuarial, risk and compliance professionals, this will create a candidate-short market leading to a talent war and high salaries.

“As a result, employers are likely to actively continue hiring in 2017 and focus on filling these niche roles,” Endacott said. “We predict that these specialist requirements, combined with requests from hiring managers for solid industry experience, are likely to result in fierce competition for a limited pool of talent over the course of the year in the technology and corporate governance space.”

Ambition is a global boutique recruitment firm with offices in Asia, UK and Australia.

Source:: Staffing Industry Analysts Daily Newsfeed


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