Mista
SENIOR MEMBER
- Joined
- Jun 9, 2016
- Messages
- 4,567
- Reaction score
- 10
- Country
- Location
SINGAPORE — Singapore has beaten China, Europe and North America to be the top destination among Asian jobseekers who have the opportunity to relocate, a new survey found.
However, Singaporeans are generally not keen to move overseas — except to mainland China or Hong Kong.
These were the findings in a report published on Monday (July 22) by RGF International Recruitment’s Talent in Asia, which looked at hiring trends.
Based on more than 3,500 responses from jobseekers across 11 Asian markets, the report also highlighted the two industries most attractive to jobseekers — the technology, Internet and telecommunications sector and the healthcare and life sciences sector.
SINGAPORE’S POPULARITY
Across the 11 markets surveyed, Singapore emerged as the clear favourite destination among people willing to relocate for work. For instance, in Japan, 30 per cent named Singapore as their top destination, while only 18 per cent of Japanese wanted to be posted to Europe and another 18 per cent to North America.
Singapore was the dream destination for 38 per cent of working professionals in Indonesia, 34 per cent in Thailand, 32 per cent in Malaysia and 29 per cent in India. Taiwan was one exception: The top destination for respondents there was mainland China, at 18 per cent, followed by Japan at 9 per cent.
The report stated: “Singapore remains a desirable and competitive location for multinational corporations to set up their regional headquarters and innovation hubs. The start-up economy is strong, with a growing culture of creativity and collaboration, and an increasing focus on lateral and ‘out of the box’ approaches to work.”
Mr James Miles, managing director of RGF International Recruitment, Singapore, said in a media statement: “A strong economy, a robust start-up ecosystem and a culture of creativity and collaboration make Singapore a desirable location for talent from all over the world."
He added: “The popularity of Singapore as a destination to live and work means talent must possess the skills needed across key industries to stand out in a competitive marketplace, especially in key sectors such as healthcare and technology.”
MOST DESIRABLE INDUSTRIES
In Singapore, the top sector for young professionals is healthcare.
“A fast-growing ageing population and huge advancements in medical technology have propelled the healthcare sector to the top of local talent’s career aspirations,’’ the report noted.
The report also noted that the healthcare spending across Asia is likely to reach S$3.1 trillion by 2026, and that Singapore’s Ministry of Health predicts that 300,000 positions in the sector will need to be filled in the country by 2020.
It found that only 9 per cent of healthcare professionals across Asia would consider switching industries, because they know they can earn competitive salaries working in an in-demand sector.
Also very popular, given Singapore’s national push for digitalisation, is the technology, Internet and telecommunications sector.
Demand for technology talent is particularly high across three key fields — big data, artificial intelligence (AI) and cyber security, changing business models in every sector of the economy, and extending to all industries, such as healthcare, education, industrial manufacturing, marketing and advertising and finance.
The constant change in business imperatives also means that the shelf life of existing skill sets among professionals in these two industries is being shortened.
It means that even though these two industries are the most desirable, employers in Asia struggle to find talent for key roles and are grappling with a future workforce that will be increasingly difficult to supply.
DRIVING FACTORS
Employers looking to hire key talents across all industries must be mindful of jobseekers’ expectations when searching for a new position.
The report found three key factors that drive them to apply for a job: Financial compensation, working with “top calibre colleagues” and career advancement opportunities.
Although professionals in Singapore have always valued “fair and competitive” compensation, 83 per cent of them expect an average salary increase of 17 per cent when switching jobs.
To attract top talent, employers across the industries are looking at boosting training and development strategies to ensure constant learning among employees.
BRIDGING THE TALENT GAP
Though many economies across Asia are thriving, 71 per cent of employers consider the talent shortage their biggest hiring challenge.
Other hurdles they face in hiring include company culture mismatches and low hiring budgets.
Across the 11 markets, sentiment was very positive among employers on business growth and hiring plans. Singapore was the only market where pessimism came in at 0 per cent, while 53 per cent were optimistic and 47 per cent were neutral.
Nearly six in 10 employers surveyed in Singapore — 57.9 per cent — are rolling out aggressive hiring plans to expand headcount in the coming year.
Employers are also aware of the need to boost their brand as employers and showcase their firms as a desirable company to work for, with 15 per cent of businesses even investing in AI to aid recruitment strategies and find the right talent.
The report also found that employers look at industry expertise above all else when hiring people, but will also take into consideration soft skills such as accountability and the ability to adapt.
The 11 markets surveyed were: China, Hong Kong, India, Indonesia, Japan, Malaysia, the Philippines, Singapore, Taiwan, Thailand and Vietnam.
https://www.todayonline.com/singapo...ob-seekers-singaporeans-less-keen-move-abroad
However, Singaporeans are generally not keen to move overseas — except to mainland China or Hong Kong.
These were the findings in a report published on Monday (July 22) by RGF International Recruitment’s Talent in Asia, which looked at hiring trends.
Based on more than 3,500 responses from jobseekers across 11 Asian markets, the report also highlighted the two industries most attractive to jobseekers — the technology, Internet and telecommunications sector and the healthcare and life sciences sector.
SINGAPORE’S POPULARITY
Across the 11 markets surveyed, Singapore emerged as the clear favourite destination among people willing to relocate for work. For instance, in Japan, 30 per cent named Singapore as their top destination, while only 18 per cent of Japanese wanted to be posted to Europe and another 18 per cent to North America.
Singapore was the dream destination for 38 per cent of working professionals in Indonesia, 34 per cent in Thailand, 32 per cent in Malaysia and 29 per cent in India. Taiwan was one exception: The top destination for respondents there was mainland China, at 18 per cent, followed by Japan at 9 per cent.
The report stated: “Singapore remains a desirable and competitive location for multinational corporations to set up their regional headquarters and innovation hubs. The start-up economy is strong, with a growing culture of creativity and collaboration, and an increasing focus on lateral and ‘out of the box’ approaches to work.”
Mr James Miles, managing director of RGF International Recruitment, Singapore, said in a media statement: “A strong economy, a robust start-up ecosystem and a culture of creativity and collaboration make Singapore a desirable location for talent from all over the world."
He added: “The popularity of Singapore as a destination to live and work means talent must possess the skills needed across key industries to stand out in a competitive marketplace, especially in key sectors such as healthcare and technology.”
MOST DESIRABLE INDUSTRIES
In Singapore, the top sector for young professionals is healthcare.
“A fast-growing ageing population and huge advancements in medical technology have propelled the healthcare sector to the top of local talent’s career aspirations,’’ the report noted.
The report also noted that the healthcare spending across Asia is likely to reach S$3.1 trillion by 2026, and that Singapore’s Ministry of Health predicts that 300,000 positions in the sector will need to be filled in the country by 2020.
It found that only 9 per cent of healthcare professionals across Asia would consider switching industries, because they know they can earn competitive salaries working in an in-demand sector.
Also very popular, given Singapore’s national push for digitalisation, is the technology, Internet and telecommunications sector.
Demand for technology talent is particularly high across three key fields — big data, artificial intelligence (AI) and cyber security, changing business models in every sector of the economy, and extending to all industries, such as healthcare, education, industrial manufacturing, marketing and advertising and finance.
The constant change in business imperatives also means that the shelf life of existing skill sets among professionals in these two industries is being shortened.
It means that even though these two industries are the most desirable, employers in Asia struggle to find talent for key roles and are grappling with a future workforce that will be increasingly difficult to supply.
DRIVING FACTORS
Employers looking to hire key talents across all industries must be mindful of jobseekers’ expectations when searching for a new position.
The report found three key factors that drive them to apply for a job: Financial compensation, working with “top calibre colleagues” and career advancement opportunities.
Although professionals in Singapore have always valued “fair and competitive” compensation, 83 per cent of them expect an average salary increase of 17 per cent when switching jobs.
To attract top talent, employers across the industries are looking at boosting training and development strategies to ensure constant learning among employees.
BRIDGING THE TALENT GAP
Though many economies across Asia are thriving, 71 per cent of employers consider the talent shortage their biggest hiring challenge.
Other hurdles they face in hiring include company culture mismatches and low hiring budgets.
Across the 11 markets, sentiment was very positive among employers on business growth and hiring plans. Singapore was the only market where pessimism came in at 0 per cent, while 53 per cent were optimistic and 47 per cent were neutral.
Nearly six in 10 employers surveyed in Singapore — 57.9 per cent — are rolling out aggressive hiring plans to expand headcount in the coming year.
Employers are also aware of the need to boost their brand as employers and showcase their firms as a desirable company to work for, with 15 per cent of businesses even investing in AI to aid recruitment strategies and find the right talent.
The report also found that employers look at industry expertise above all else when hiring people, but will also take into consideration soft skills such as accountability and the ability to adapt.
The 11 markets surveyed were: China, Hong Kong, India, Indonesia, Japan, Malaysia, the Philippines, Singapore, Taiwan, Thailand and Vietnam.
https://www.todayonline.com/singapo...ob-seekers-singaporeans-less-keen-move-abroad
.
