Due to the ongoing pandemic, many IT companies in Singapore are been impelled to expedite their digital transformation plans for them to continue working and serving their customers. Now, this leads to an increase in demand for IT specialists who will support the organizations attain their goals. To ensure that you get the right personnel, and also that you are able to navigate through all the uncertainty presented by this crisis smoothly, you really need to keep up with the latest recruitment trends in the labor market. This way, you will be well-equipped to compete with other companies for the best talent and to bring them on board. However, for you to keep up with the latest trends, you have to identify the trends first, and that’s why we wrote this article.
Which are the hiring recruitment trends of 2021?
Increase in contracting jobs – there are two reasons why many companies in Singapore are opting to do this; one, contracting jobs are seen as a stop-gap measure to overcome talent shortage. The larger organizations are the ones offering more contracting roles, and they are able to reach a wider pool of talent, who are able to help them meet their business needs effectively. Second, because of the business uncertainties, most businesses did experience a reduction in headcount budget. This means that they are able to have the flexibility to add to their talent pool, while still maintaining their headcount budget. That being said, contracting roles are largely been seen as a cost-effective solution targeted towards combating manpower shortage.
Flexible working options – the COVID-19 crisis led to major transformations in the way employees work. See, with a mandatory work-from-home schedule, the employees are actually getting accustomed to this new routine. The fact is, employers can no longer overlook the importance of offering flexible working solutions. So, if the employer is looking to attract and retain IT talents, remote working, flexible work hours, or a compressed workweek should always be on the table.
Candidates are prioritizing job security over other factors – here is the thing, with all the unprecedented challenges and uncertainties brought by the pandemic, job seekers are, now more than ever, prioritizing job security over all the other factors such as job location, management style, and company culture. What this means is that by assuring the candidates that you will maintain stability, you will truly attract a lot of qualified candidates. In addition, conveying the possibility of training the candidates in order to sharpen their skills will certainly convince them that your company is genuine and that you are committed to grooming them as your permanent hires.
Online hiring is gaining popularity – the pandemic has had a big impact on the process of recruitment. The thing is, technology isn’t new to recruitment – it has always been there – but it is the pandemic that made it much more significant and popular. As a result, the digitalization of the recruitment process has really sped up and so, more and more companies are looking to adopt it.
Final thought
Hiring the right candidates has never been easy, which is why you need to keep up with the current hiring trends in the market if you are to attract and secure these candidates. Also, you need to equip yourself with the right and timely information in order for you to make informed decisions and also strengthen your hiring plans.