Seven best practice tips for overcoming Singapore's skills shortage

Make sure you're securing the best talent with this free whitepaper

Seven best practice tips for overcoming Singapore's skills shortage

Securing the perfect candidate has never been an easy task but with the added pressure of a talent squeeze businesses are having to move faster than ever to secure any talent. So, how can you make sure you’re securing the best talent in the new work world.

A whitepaper produced by HRD, in partnership with global employment website indeed, gives you seven strategies to ensure you’re hiring top talent every time.

Seven best practices for overcoming the skills shortage

  1. Offer competitive compensation

Some businesses are offering as much as a 30% increase in pay without much hesitation. The competition for candidates is heating up out there and if you want to secure the best you will have to outshine your rivals with meaningful benefits and career opportunities and attractive salaries.

  1. Expand your talent pool

Expand your talent pool across the country and even beyond it’s borders and embrace remote working. While hiring foreign workers has become more challenging in recent times work visa programmes such as tech.pass mean it is still a viable option.

  1. Leverage gig working

Singapore has been ranked as the best country in the world to live and work as a freelancer. Gig working has traditionally been low-skilled roles, but the model has become preferable for skilled workers who jump from project to project.

  1. Focus on training

The government is implanting training initiative plans to tackle the skills shortage and businesses need to follow suit. 

  1. Embrace diversity

Organisations looking to expand their talent pool should look at how they are attracting female candidates. You may wish to change your messaging to appeal to a female market and adopt policies that are popular with women, such as flexi-working arrangements.

  1. Sell your employer brand

These days candidates are looking for benefits, flexibility, corporate conscience, and career progression opportunities. Consider developing a consistent employer brand that promotes these.

  1. Streamline the hiring process

In this environment it’s vital that your hiring process is robust efficient and enjoyable.

Download the full whitepaper here.

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