While companies across Asia increase the size of their HR teams, Singapore companies are being more cautious
Singapore companies remain cautious about hiring highly skilled HR professionals, even as its counterparts in the region report increases in the past year.
From 2017, demand for HR professionals in Singapore remained stable, recording no annual growth or decline at the start of the first quarter, according to a monthly gauge of online hiring activity by Monster.com.
Although Malaysia recorded an annual decline from January 2017 to 2018, there was a pick up about 2% in recruitment of HR professionals in February.
In contrast, the Philippines recorded a massive increase in demand (29%) over the past year.
Monster.com attributes the increased demand to the role’s transformation in the digital age.
“The competition for highly skilled HR talent who can complement digital tools will only intensify as businesses in traditional sectors recognise the need for innovation and transformation,” said Abhijeet Mukherjee, CEO at Monster.com (APAC & Middle East).
“Talent management is becoming extremely strategic and transformational as a function. As tech overtakes practices and processes in the workplace, companies will be on the lookout for talented individuals who are able to use data and analytics to predict what their people needs will be in the future.”
