- 79% feel equipped to deal with the new wave of digitalisation that will impact their jobs
- More than eight in 10 (83%) said that their employers should invest more in developing their employees' digital skills
- More than one in two (55%) said that their employers have an increasing need for talent with STEM skills and capabilities
In a world of work that is radically transformed by digitalisation, employers are finding it difficult to find talent with the right skills. 83% of respondents expect their employers to invest more in developing their digital capabilities to help them stay employable.
preparing the workforce for the future
According to the latest Q2 2019 Randstad Workmonitor study, 79% of respondents feel equipped to deal with digitalisation in their jobs. Despite being prepared for the future of work, 51% of respondents expect their jobs to be automated in the next five to 10 years. This is 17 points higher than the global average (34%).
Jaya Dass, Managing Director at Randstad Singapore and Malaysia said, "Many companies in Singapore are already on a digital transformation journey. Not only are firms investing in new technology, they are also hiring professionals to develop and market innovative products and solutions to stay competitive. As a result, employees expect their employers to invest in their professional development and equip them with the skills required for the future of work. This means not just attending training courses, but also having honest discussions on how skills requirements and job scopes will change in the future, and the actionable steps companies expect their employees to take to remain employable."
science, technology, engineering, mathematics
When it comes to sourcing talent, 67% said that their employers are having trouble finding people with the right skills today. Close to seven in 10 (68%) said that it will be more difficult for their employers to find the right talent in the future.
In addition, 55% said that their employers have a need for workers with STEM profiles. The difficulty in filling STEM job vacancies is addressed in the Randstad's flexibility@work 2019 report. Similarly, analysis of vacancy data shows that the median advertising duration for a STEM vacancy is more than twice as long as compared to a non-STEM vacancy.
"In a candidate-short and mature market like Singapore where the unemployment rate remains below five per cent, it can be very challenging for employers to identify and secure highly-skilled candidates. Even with a slowing economy, we still see active demand for candidates who are equipped with the right skills. Therefore, it is critical for job seekers to know which skills they would need to acquire to stay relevant, and upskill themselves through either subsidised courses or internal training programmes to remain attractive to hiring employers," Dass concludes.
randstad workmonitor: Q2 2019
The minimum sample size for the Randstad Workmonitor survey is 400 respondents per market. The 2019 quarter two survey was conducted between April 23 and May 9, 2019.
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about randstad workmonitor
The Randstad Workmonitor was launched in the Netherlands in 2003, and covers 34 markets around the world. The study encompasses Europe, Asia Pacific and the Americas. The Randstad Workmonitor is published four times a year, making both local and global trends in mobility visible over time. The Workmonitor's Mobility Index, which tracks employee confidence and captures the likelihood of an employee changing jobs within the next 6 months, provides a comprehensive understanding of sentiments and trends in the job market. Besides mobility, the survey addresses employee satisfaction and personal motivation as well as a rotating set of themed questions.
The study is conducted online among employees aged 18-65, working a minimum of 24 hours a week in a paid job (not self-employed). The minimum sample size is 400 interviews per market. The Dynata panel is used for sampling purposes. The second survey of 2019 was conducted from 23 April until 9 May 2019.
Randstad is the global leader in the HR services industry. We support people and organisations in realising their true potential. We do this by combining the power of today's technology with our passion for people. We call it Human Forward.
Our services range from regular temporary Staffing and permanent placements to Inhouse Services, Professionals, and HR Solutions, including Recruitment Process Outsourcing, Managed Services Programmes and outplacement.
Randstad has active operations in 38 markets around the world and has top-three positions in almost half of these. In 2018, Randstad had on average 38,820 corporate employees and 4,826 branches and Inhouse locations. In 2018, Randstad generated revenue of €23.8 billion. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad N.V. is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded.
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