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#13-01 Anson House,
Tech Recruitment
in Singapore
72 Anson Road,
Singapore 079911
The Year Ahead
2018
Contributors
Mike Latham
Managing Director APAC,
Evolution Recruitment Solutions
Chris Hopkins
Regional Director APAC,
Evolution Recruitment Solutions
Jake Bridge
Client Solutions Director,
Evolution Recruitment Solutions
Tech Recruitment in Singapore: 2
The Year Ahead 2018
Contents
Page
Trends Impacting Tech Recruitment in 3
Singapore
Developments that will affect Singapore’s 9
tech industry
Staying Ahead of the Talent Game 15
The Evolution Experience 17
Tech Recruitment in Singapore: 3
The Year Ahead 2018
Trends Impacting
Tech Recruitment
in Singapore
Tech Recruitment in Singapore: 4
The Year Ahead 2018
Trend 1: Tight market for
tech talents continues into 2018
Businesses are becoming more data- and
technology-driven. It’s not just the tech companies
- traditional businesses like banking and retail are
moving their services online in a bid to stay
competitive and meet customers’ evolving
demands. These will lead to increased competition
for tech talents. With more companies competing
for the same skill set, the demand for tech talents is
high and salaries in this sector will continue to
increase in 2018. In 2017, technology sector
salaries increased by 4%. This same figure is
projected to be 4.1% in 20181.
Tech Recruitment in Singapore: 5
The Year Ahead 2018
Trend 2: It’s not just about the money
Various studies indicate that candidates are increasingly looking past just monetary
benefits when deciding whether to accept a job offer. Other factors that they consider
include career development, work-life balance, sense of purpose, culture and
employer’s reputation. This means that although young companies and startups may
find it challenging to find the right talents in a tight labour market, with the right
employer branding, a well-designed compensation package and a structured employee
engagement programme, they can still win in the talent game.
Trend 3: Focus is shifting to
candidate experience, not just
making the hire
With the competition for tech talents at an
all-time high, companies are counting on
using their candidate experience to get
ahead of the pack. Candidate experience
is a complex concept that includes
sourcing, recruiting, interviewing, hiring
and on-boarding processes. It is nothing
new, but it has taken employers a long
time to finally realise its far-reaching
impacts on the employer brand, job offer
acceptance rates and even bottom lines
since candidates are often customers too.
It is no longer enough to simply fill roles,
it is about attracting, retaining and
engaging the right talents.
Tech Recruitment in Singapore: 6
The Year Ahead 2018
78 %
of candidates say the overall
candidate experience they
receive is an indicator of how
a company values its people2.
Tech Recruitment in Singapore: 7
The Year Ahead 2018
82
hiring managers say they
%
view the candidate
experience as very or
extremely important3.
Tech Recruitment in Singapore: 8
The Year Ahead 2018Trend 4: Mode of employment
shifting to contracting
The contract market in Singapore is organisation lean and nimble, while
likely to continue growing in 2018. supporting their growth. With this,
Contracting has been commonplace in companies will need to acquire
the U.S. and UK for years. In competencies in managing contractors, in
Singapore, candidates are beginning to areas of payroll, compensation, career
understand and recognise the benefits progression, employee engagement etc.
of taking on positions on a contract
basis, such as having the freedom to
work on projects that really excite
them. With the government forecasting
a volatile economy at a growth rate of
2-3% in 20184, companies will prefer
to err on the safe side. They will be
9
inclined to use contractors to keep theirDevelopments
that will
affect Singapore’s
tech industry
Tech Recruitment in Singapore: 10
The Year Ahead 2018Smart Nation Smart Nation is Singapore’s government initiative to harness infocomm technologies, networks and big data to create tech-enabled solutions. The initiative was officially launched in 2014 and will empower citizens to come up with their own solutions by making use of readily available information, instead of relying on the government for problem-solving. Technology startups will likely benefit from this initiative as the government plans to support them by doing business with them rather than administering grants5. Singapore’s Smart Nation dream hinges much on Big Data and the Internet of Things (IoT). These areas are expected to see accelerated growth and companies specialising in these areas will be looking for talents to stay competitive6. Big data and IoT are fields that produce a large amount of data. The continued focus in these areas means that demand for data analytics professionals will also remain high. Tech Recruitment in Singapore: 11 The Year Ahead 2018
Artificial Intelligence
Artificial Intelligence (AI) has received a lot of attention in Singapore recently, with the
launch of AI.SG initiative and Data Science Consortium. The AI.SG initiative will
receive S$150 million in funding over the next five years and it will see Singapore-based
research institutes partnering AI start-ups and companies to develop deep capabilities
in AI, as well as grow AI innovation and adoption in companies7. The three main areas
of focus are finance, city management solutions and healthcare.
The Data Science Consortium will strengthen collaboration between institutes of
higher learning, research institutes and the industry. The consortium is anchored by
Singapore’s top three universities, the National University of Singapore, Nanyang
Technological University and Singapore Management University, and the Agency for
Science, Technology and Research (A*STAR), the nation’s public agency that drives
scientific discovery and technological innovation8. These institutes will train Singapore’s
local talent pipeline with deep data science capabilities.
The lion city is also expected to have the world’s largest AI hub come 2018. The hub
serves as a place for AI startups to test out new technologies and commercialise their
products in a more systematic and organised manner. This development is expected to
draw the world’s leading AI talents to Singapore9,10.
12Cybersecurity There is currently a global shortage of cybersecurity professionals11. To boost the local talent pool of cybersecurity professionals, the nation’s Cyber Security Agency is partnering leading industry partners to set up a new academy to train cybersecurity professionals. At the same time, the nation is developing a new Cybersecurity Bill which is expected to raise the standards of cybersecurity vendors in Singapore12. Tech Recruitment in Singapore: 13 The Year Ahead 2018
Robotics Singapore government is hugely supportive of the growth of the robotics industry, and plans to create an ecosystem that is competitive and differentiated13. It recognises the immense potential of the industry, which is projected to see a global growth from US$20 billion today to US$80 billion by 2025. The National Robotics Programme was launched in 2015 to drive and coordinate robotics technology research, solutions development and adoption across the public and private sector. Tech Recruitment in Singapore: 14 The Year Ahead 2018
Cloud Continued growth in cloud adoption will fuel demand for professionals in DevOps practices and cloud platforms like AWS, Azure and Google Cloud platform. Globally and in Singapore, “Cloud and Distributed Computing” is the top in-demand skills in 2017. This will continue in 2018 as companies know that they need talents in these areas in order to stay competitive. Tech Recruitment in Singapore: 15 The Year Ahead 2018
Staying Ahead
of the
Talent Game
Tech Recruitment in Singapore: 16
The Year Ahead 2018Compensation is more Focus on Candidate
than just salaries experience
According to our in-house research14, A candidate is more likely to accept a
majority of tech professionals still see job offer if he or she had a positive
salary as a main reason for accepting a candidate experience. Even if there
new job offer (25%); however, the types was no offer, the candidate is more
of project and work challenges is also a likely to apply for a position with the
major factor (22%). same company again in the future.
Furthermore, with social media, it is
Additionally tech professionals are easy to spread word about a negative
increasingly looking for more flexibility candidate experience. According to
in terms of work hours. Location and Talent Board, 36% of candidates use
culture are important factors as well. sites like Glassdoor to find out the inner
workings of an organisation prior to
Focus on Employer applying. Hence, investing in candidate
branding experience would have an impact on
employer branding too.
According to data from LinkedIn, 75%
of job seekers consider an employer’s To access resources on improving
brand before applying for a job. candidate experiences, visit
Employer branding plays an important www.evolutionjobs.sg.
role in attracting the right candidates
to join the company. This is
particularly true for small and young
companies, as candidates do not know
much about the company.
17The Evolution
Experience
Learn what it’s like to work with us
Tech Recruitment in Singapore: 18
The Year Ahead 2018We Know Your
Requirements Well
because we’re part of the tech community
We are a tech Our consultants We organise
company too are from tech tech meetups
backgrounds
Proven Expertise
as voted by our industry peers, clients, candidates and employees
IT Security Recruiter of the Year 2015, 2016, 2017
IT Recruiter of the Year 2016
Cloud Recruitment of the Year 2016
Best Recruitment Agency to Work for 2016
APSCo Asia Member of the Year 2016
Best Workplace Environment 2015
Unmatched Quality
you can’t find anywhere else
Millions of TalentSafeTM High Net ISO9001 Investors in
Candidates in mitigates Promoter Quality People
our database your risks Score Assurance Platinum
19References
1
http://www.businessinsider.sg/tech-companies- 9
http://www.businesstimes.com.sg/technology/sin
in-singapore-are-set-to-boost-their-2018-salary-b gapore-to-offer-worlds-largest-ai-hub-marvelstone
udgets-here-are-the-jobs-to-go-for/
10
http://www.straitstimes.com/business/companies
2,3
CareerBuilder, Candidate Experience from -markets/marvelstone-to-launch-worlds-largest-ai-h
End-to-End, 2017 ub-in-singapore-next-year
4
http://www.channelnewsasia.com/news/singa 11
http://www.channelnewsasia.com/news/singapo
pore/singapore-s-economic-growth-could-excee re/singapore-s-cybersecurity-skills-shortage-why-it-
d-3-this-year-says-pm-lee-9420224 matters-7762864
5
https://www.bloomberg.com/news/articles/20 12
http://www.channelnewsasia.com/news/business
17-08-22/singapore-says-it-s-seeking-business-w /singapore-to-have-new-academy-to-train-cybersec
ith-startups-to-spur-them urity-9229314
6
https://www.forbes.com/sites/federicoguerrini 13
https://www.edb.gov.sg/content/edb/en/industri
/2015/03/12/how-in-less-than-a-decade-singa es/emerging-businesses/emerging-businesses.html
pore-wants-to-become-a-smart-nation/#68a231
9b7ad9 14
https://www.evolutionjobs.com/uk/what-it-profe
ssionals-want/
7
http://www.channelnewsasia.com/news/singa
pore/singapore-s-artificial-intelligence-capabiliti
es-to-get-s-150m-8813174
8
http://www.scmp.com/week-asia/business/arti
cle/2116290/why-tech-giants-see-singapore-nex
t-artificial-intelligence-hub
20Want to grow your team?
Contact us.
www.evolutionjobs.sg
enquiries@evolutionjobs.com.sg
+65 6511 4080
72 Anson Road, #13-01 Anson House, Singapore 079911
Tech Recruitment in Singapore: 21
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