About half (50.6 percent) of the IT and tech companies in Singapore are intending to expand their staff count this year, based on the Hudson Report: Employment Trends released today.
Other industries with strong intentions of hiring include manufacturing and industrial (50.9 percent) and consumer (42.5 percent).
The report surveyed 337 Singapore employers about their hiring intentions for July to September this year.
Overall, 48.7 percent of the employers in Singapore are looking at increasing their headcount — only 2.7 percent of them intend to shrink their employee size.
Andrew Tomich, executive general manager at Hudson Singapore, attributed the positive effect on hiring on the "growing sense of economic confidence" in the republic.
"Singapore is increasingly a base for investment and engagement with emerging markets within multinational companies in Asia Pacific. We are also seeing high demand and short supply of candidates who have regional experience and proficiency in Mandarin," said Tomich.
Leadership issues identified
The report also looked into how organisations are assessing and developing leadership.
More than half (53.4 percent) of the employers indicated that they formally assessed leadership, ensuring that their organisations understand the current capability, where the gaps exist and how leadership can be improved.
Formal assessments include psychometric tools to examine individuals' leadership traits and capabilities; assessments of his behaviour through observation, simulation or leadership development centres; and measurements on how beahviour is perceived in the workplace via 360 degree feedback.
It was found that the best leaders develop a vision and inspire people to buy-in to it (67.4 percent).
As leaders cannot create a strategy and vision in isolation, involving teams in the direction and decision-making process is key to achieving understanding and buy-in, said Tomich.
Other common attributes of successful leaders identified include the ability to manage complexity and change, mental efficiency, personal drive and ambition to succeed. Leaders also need to have strong interpersonal skills and be open and responsive to others' perspectives.
"Once leadership capability gaps are established, organisations can bridge these via effective, multi-dimensional leadership programmes and strategies, which have a heavy focus on action-based learning," said Tomich.
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