Ever since the pandemic struck, it has changed the entire business equation. Several changes are happening in the recruitment landscape and they need to be addressed on a priority basis. From catering to new workplace requirements to getting better at skillset matching and upskilling, from quickly filling open roles to putting the right people in the right jobs. Yet, with most organizations in Singapore continuing to rely on traditional approaches to hiring and recruitment, the challenges in building and scaling bigger and better teams are only spiraling.
The job market and associated hiring landscape in Singapore is opening up after a two-year slump, as is the world that’s returning to normalcy after adjusting to all the changes thrust upon it.
A recent report discovered that the hiring outlook in Singapore is expected to reach an 11-year high in 2022. Sectors with the strongest hiring intentions include IT, Technology, Telecom, and Communications and Media, with a hiring outlook of +38%
Although several external factors are impacting companies’ ability to recruit, regardless of the roles companies are looking to fill, the overall hiring challenges and opportunities remain more or less the same. As the pressure on Singapore-based employers and staffing agencies to be on top of their game when it comes to sourcing top talent intensifies, it is important to keep up with key trends that are shaping the market and adapt hiring practices accordingly.
Since hiring requires time, money, and resources sifting through hundreds of CVs daily, the chances of missing out on quality hires due to human errors and bias are countless.
Let’s look at 5 trends Singapore teams need to stay on top of, to craft a successful hiring strategy:
Businesses across the world are looking for new and innovative ways to rebound from the turbulent 24-month stretch and take steps to bridge the ever-widening skills gap. For hiring teams in Singapore, the post-pandemic world demands a completely new outlook on recruitment. As the job market in Singapore picks up, organizations need to pull up their socks and stay abreast with the latest hiring trends.
While there will be struggles, there are also opportunities in the new job market that companies need to capitalize on. Enhancing hiring efficiency, ensuring high-performing hires, and enabling easy scaling would require companies in Singapore to embrace modern technological advancements.
If you want to save significant time and cost of hiring while maintaining objectivity in the decisions you take, XOPO AI Recruiter is the platform for you. It helps recruiters in streamlining hiring and selections, from sourcing potential candidates, screening objectively and at scale, virtual and asynchronous interviews, final selections, and onboarding.
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