Archive for February 2012

Singapore Recruiters Must Go Strategic

Singapore Recruiters Must Go Strategic

So the unemployment rate in Singapore is at a 14-year low of 2%. Most countries would kill for such low numbers! I want to look at the issue from the perspective of recruitment.

For the past decade, organizations operating in Singapore have benefited from a very liberal foreign labour government policy. Firms could easily hire skilled talent from Asian countries such as India, China, Philippines and relocate them to Singapore. Many flock to Singapore, given the strength of the currency versus their own local currencies. From the standpoint of Singaporeans, salaries have largely stagnated as many employers gravitated to the cheaper labour costs of foreign nationals. Coupled with the rising cost of living and the fact that Singapore does not have an extensive social safety net, there...

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Posted in: Talent Acquisition
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