Local skilled professionals in great demand: Hays
SINGAPORE - Local skilled professionals in Singapore are in great demand, according to recruiter Hays.
This comes as employers act upon the Manpower Ministry's directives to grow the Singaporean workforce.
Hays said its latest Quarterly Report July to September points towards growing skills shortages.
"Permanent residents and citizens are in high demand as employers vie for the same pool of local skilled professionals," said Mr Chris Mead, regional director of Hays in South East Asia.
He added: "This is further exacerbating Singapore's skills shortage. It has also seen the number of overseas relocations fall. The exception occurs when recruiting for senior or niche roles, but even in such cases, employers are usually no longer willing to cover full relocation costs."
According to the report, this is not the only factor contributing to Singapore's skills shortage.
Mr Mead said: "While there are candidates available, they do not always meet the expectations of employers, who want very particular skills and experience as well as the right cultural fit.
"There is also a shortage of local candidates who have remained in their previous roles for a good length of time. Employers are very particular in this requirement as they want to achieve longevity in their new hires. Together, these factors have lengthened the recruitment process as employers wait for the appropriately-skilled local candidate to become available."
According to the Hays report, demand is highest for skilled professionals in accounting and finance, banking, construction, contact centres, engineering, finance technology, human resources, legal services, life sciences, oil and gas, procurement, property, sales and marketing, supply chain, and office professionals.
11 July 2012