A professional recruitment agency in Singapore Michael Page has launched a talent trend report to see how the Singapore job market is doing in the situation of this pandemic, although they see a drop of employment in 2020 about 40% of the companies say that they plan on upping their head count employee wise in 2021.
Nilay Khandelwal who is the Managing director of Michael Page Singapore states that “Singapore’s economy has turned a corner and remains a stable, secure and trusted hub, with seamless connections. As the economy recovers, investment into the market will flourish, and that would drive the demand for talent amid the business recovery climate.”
In this respect of economic demands the sector that have been identified as having the highest hiring possibility are tech and communication, banking and finance, industrial and manufacturing along with professional services. According to the reports we see that the Singapore tech community will be hiring more people and businesses are looking to have their best foot forward technology wise for their business in this era of new normality.
2021 will be the year that will see more digitization of business where skills such as data engineering, data visualization, and software developing and cyber security will flourish and will be in the most demanded sector. Considering this Nilay advises “Tech professionals are currently in great demand, hence it is pertinent for employers to ensure they are not a part of a talent auction process and are paying in line with market standards to attract the right talent.”
