Over half of firms move roles abroad as AI reshapes hiring
Despite, the city-state reports less acute pressure than other markets.
More than half of Singaporean firms (54%) have moved roles to new markets because of artificial intelligence (AI) adoption.
In line with this, 46% have expanded into new markets specifically to access AI-skilled talent, according to a Remote report.
Moreover, 39% have widened their talent search to other markets, whilst 33% expanded abroad to combat local shortages.
At the same time, 47% have increased local hiring efforts, versus 43% globally.
Despite the hiring shift, Singapore reports less acute pressure than other markets. Half of respondents (50%) say a talent shortage caused them to miss a key business goal in the past 12 months, well below the 72% global average.
Still, friction persists as 80% say local talent has gotten harder to find over the past year, 79% say the same of international talent, and 82% blame unclear or conflicting local regulations for making cross-border hiring harder.
Demand for easier international hiring is high, with 89% of Singapore respondents saying they would hire more internationally if it carried the same ease and risk profile as domestic hiring, compared with 79% globally.