MEMBER PROFILES
MEMBER PROFILES /
IN FOCUS: KIRSTY POLTOCK, MANAGING DIRECTOR, SINGAPORE, JAC
RECRUITMENT by Lucy Haydon, Editor Photos JAC Recruitment
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hat are the latest trends in the recruitment sector for companies and those job-hunting should be aware of? Despite all the retrenchments we saw at the end of last year, especially in the tech sector, Singapore remains very optimistic and upbeat about hiring. The tech , particularly cybersecurity, banking and financial institutions, logistics, FMCG, and healthcare industries continue to be growth areas within the market. There are some firms that are holding out on their business growth plans to closely monitor the economic outlook and how we might be affected. However, from all the clients we have been engaging with, everybody is quietly
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optimistic and keen to grow their businesses this year. For organisations that are considering monitoring the market and therefore taking a more cautious approach to their talent management strategy, there is an increased focus on retention and employee engagement. There is a noticeable pattern where companies are making a concerted effort to improve employee well-being by enhancing mental health support and awareness, promoting flexibility, and offering learning opportunities such as rotations or courses. These tactics not only help to increase employee retention but also enable the organization to invest in its workforce for future growth. For jobseekers in this market, we are still seeing Singapore as a very startup-rich environment, which can offer increased opportunities. Things to consider when joining an organisation, especially a start-up, would be to understand what sort of exposure, and career development you will be able to gain to support your longer-term career growth. In a market where skills-based recruitment is a pivotal focus, this also offers you as the job seeker, the
opportunity to transition into different industries or roles to further your progression. Many companies are currently offering contract-based roles as a key strategy for talent acquisition. It is worth noting that even if job seekers have not previously considered this type of employment, they should not overlook the potential benefits. Contract positions can provide a valuable platform for individuals to gain exposure and knowledge, similar to what one might experience in a startup environment. Whether you are contemplating joining a startup or a well-established company, the most significant trend for job seekers is not solely focused on financial compensation and benefits, although they are undoubtedly significant factors. Rather, the critical areas that individuals consider are the exposure opportunities, new experiences, and options for increased responsibility as well as the ability to pivot into a different industry. Are there any unique traits in recruitment for the Singapore and wider regional market? Issue 91 / March 2023