Challenges IT professionals face today

By Pri Sandhu

Today’s job market is all the more challenging in Singapore, with employers keen to keep operational costs lean in a generally conservative climate.

With this increased emphasis on cost-cutting, employers have allotted lower budgets for hiring, resulting in a more subdued job market. With fewer new projects being developed in the market today, many companies are therefore looking at up-skilling their workforce and training existing staff to take on different portfolios in a bird to maximise productivity.

However, certain industries like healthcare, telecommunications and oil and gas are still showing a strong demand for IT professionals, with a specific demand for employees with niche skill sets.

In light of this current market, there are three distinct challenges IT professionals face in the job market today:

1. Limited Opportunities

IT professionals are finding that they have limited opportunities to upgrade or upscale their skills due to the implementation of cost-cutting measures. Companies usually provide budgets for learning and development programmes.

However in a cost-sensitive market, such budgets may have shrunk and, IT professionals are finding fewer opportunities to improve their skills. When looking to move on to different roles, IT professionals may be limited in their options, partly because they have fewer chances today to be trained for different functions today.

2. Budget Constraints

The next challenge IT professionals face would be the limited budgets or smaller budgets they would have to work with. With today’s cost-cutting measures, IT professionals are now expected to roll out regular projects with a much smaller budget.

The scale of these projects is unlikely to change or be downsized and companies are likely to allocate fewer resources to it in an attempt to cut costs. This means that IT professionals would have to work under more constraints and have less support. They would have to leverage on past experiences and continue to perform despite fewer resources.

3. Multiple Portfolios

IT professionals today are also expected to take on multiple roles in a project, or basically handle different portfolios. With a much leaner workforce, IT professionals have no choice but to take on double hat roles and take on different tasks that may be outside their typical job scope.

Coupled with few opportunities to do training and upgrading of skills, IT professionals have no choice but to learn on the job.

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!

Top News

DBS and OCBC expected to deliver steady Q1 net profits
Their net interest margins will ease as a result of their Hong Kong loans.
Singapore's maritime cluster navigates towards digital, green future
Adapting to emerging challenges, such as the adoption of alternative fuels, is deemed crucial for the country's maritime sector.
Shipping & Marine
SCG and A*STAR unveil joint labs for cellular immunotherapy enhancement
The partnership has a funding of nearly $30m supported under Singapore's Research, Innovation and Enterprise 2025 plan.
Healthcare