Singapore leads the Asia Pacific with similar workforce potential to Australia. Increased levels of language proficiency and the quality of the labor along with a very favorable regulatory environment outweigh the higher costs associated with this labor market for specific types of engagements. As Singapore continues to mature it has enhanced labor laws to create a viable and strong labor market for all types of engagements. This market strikes a nice balance for both workers and employers.
While financial and business services still lead hiring activity, there is an expanded demand in the market for information technology workers with skills specifically related to the blockchain, cloud computing, and information security. E-commerce growth is boosting the need for skills in the logistics sector, increasing the demand for warehouse and delivery workers. The manufacturing sector has also experienced heavy hiring related to the high demand for semiconductor parts..
Investments in new laboratories and scholarships seek to boost candidate knowledge as they relate to data analytics, digital marketing, cybersecurity, cloud computing, the blockchain, and robotics. While employers in this market also seek candidates who possess soft-skills such as problem solving, communication and collaboration skills.