Recruiters in Singapore are feeling the pinch as finding qualified talent has become trickier in the past year. LinkedIn’s latest survey reveals that less than half of job applications met the qualifications required for roles. With a rise in applications yet fewer job postings, the competition is becoming fiercer than ever.
Key Points
- Less than 50% of job applications in Singapore meet necessary qualifications.
- Recruiters struggle mainly with candidates lacking the right soft and technical skills.
- The number of job postings per applicant has fallen by 8%, indicating stiffer competition.
- Global trends affect role requirements, particularly for technical capabilities in AI and IT.
- 69% of employees would stay with their current employer if given internal career growth opportunities.
Why should I read this?
If you’re navigating the job market, whether as a recruiter or job seeker, this article gives you the lowdown on the current hiring landscape. It’s all about the rising competition and talent scarcity. Understanding these insights could be your secret weapon in effectively positioning yourself or your organisation for success amidst the challenging market dynamics!