Widening Skills-Talent Gap Amidst Today's Workforces
With a rising talent shortage in the region, CFOs are seeking a broader range of skills among the professionals they hire. Surveys show that nearly 83% of companies in Singapore have reported talent shortages in 2023 following the pandemic. Employers are struggling to locate and attract qualified candidates, particularly in the Accounting and Finance sector.
Furthermore, as a new generation continues to enter the workforce, they are embracing a different approach to work, coupled with a rise in new skill requirements due to the increasing prevalence of AI and technology tools.
Given these rapid changes, businesses can no longer afford to adopt a "WAIT AND SEE" approach.
What can you do to tackle Talent Shortage?
By adopting a balanced mix of the following 6 strategies, HR leaders can ensure that their workforce is prepared and resilient to meet the growing demands of the market space and close skills gaps.
In the realm of talent strategy, a one-size-fits-all approach falls short. To address talent gaps effectively, businesses must blend and tailor these strategies to their unique requirements. A harmonious fusion of strategies, strategically crafted, empowers your workforce for peak performance, boosting overall productivity.
Discover the RIGHT MIX for your HR needs today. Contact our specialists for more information -
Yang Li Lian
Partner, Accounting, Staffing & Recruitment Services
T: +65 6594 7897
YangLiLian@StoneForest.com.sg
Tan Sock Huan
Director, Staffing & Recruitment Services
T: +65 6594 7947
TanSockHuan@StoneForest.com.sg
Fionn Shoo PY
Director, Accounting, Staffing & Recruitment Services
T: +65 6594 7946
FionnShooPY@StoneForest.com.sg