Singapore’s economy is extremely successful and is highly-developed. It has a very small unemployment rate and is considered to be a leader amongst markets that are corruption-free and enjoy very stable prices. However, the labor market had been affected by COVID-19.
Reports have shown that most employees find it difficult to upskill themselves or to adapt to changing environments. This has led to an imbalance of sorts where although there are a lot of jobs to be filled, the battle for talent is brewing. To capitalize on this opportunity, it is important to understand the skill gaps that are looming over Singapore’s job market. Let’s dive right in!