, Singapore
207 views
/Clem Onojeghuo from Unsplash

Talent shortage plagues all industries, women candidates in demand: Survey

Net Employment Outlook (NEO) currently sits at 24%.

The employment outlook for Singaporean employers dips for the second quarter in a row, amidst the communication services industry showing the most grim forecast.

The ManpowerGroup released its second quarter (Q2’24) employment outlook survey which covered 525 employers in Singapore. Internationally recognised as a benchmark for labour market trends, the Net Employment Outlook (NEO) currently sits at 24%. This figure is derived by subtracting the percentage of employers projecting reductions in staffing levels from those planning to hire.

In terms of industry, the financials and real estate sector showed the strongest outlook for Q2’24, climbing to 45%. This was followed by healthcare and life sciences (36%),  energy and utilities (33%), industrials and materials (32%), information technology (28%), others (28%), transport, logistics, and automotive (20%), and consumer goods and services (17%).

On the contrary, communication services registered a negative outlook of 29%.

All industries reported talent shortage expectations, with employers stating difficulty finding skilled applicants. Those who found it most difficult to hire are from the financials and real estate sector (88%), the transport, logistics and automotive sector (87%), and the healthcare and life sciences sector (82%).

ALSO READ: 2 in 5 Singapore employers inflate job titles to attract, retain talent: study

Gender gap

Management roles, including top-level, middle-level, and front-line positions, are experiencing a notable shortage of women candidates. This presents a significant opportunity for employers to make a meaningful impact on their workforce diversity. Currently, not even half (46%) of employers reported that their company initiatives aimed at increasing the number of women candidates are on track.

Despite efforts, only 27% of employers anticipate achieving full gender equality within their organisation, contrasting with the 21% of organisations where gender equality is already realised. 

Flexible working policies emerge as the most effective strategy in retaining and attracting diverse talent, with 42% of companies attributing flexible working to talent retention and diversification of the candidate pool.

Technology plays a pivotal role in bridging the gender gap in the workplace, with 73% of employers leveraging technology for increased flexibility and 67% acknowledging its contribution to promoting gender equality.

 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Singapore’s new law weaves safety net for gig workers
Gig workers will be enabled to secure their retirement, benefit from improved workplace safety, and gain greater visibility within the industry.
Here’s how Gen Z consumer preference reshapes APAC’s marketing landscape
Gen Z consumers are observed to purchase based on pleasure and purpose, whilst being conscious of cost and convenience.

Event News

Event News

SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd Cards & Payments
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.
Cards & Payments SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.