Saturday, May 19, 2007

:: Singapore recruiting trend '06-07

In an article published by Online recruiters directory call 'Recruiters in 2007' - a survey report, it was found that for most recruiters the biggest challenge they faced in 2006 was - finding qualified candidates.

This was especially true for the IT sector and most recruiters surveyed echoed the same sentiment and that the market has turned to a candidate driven market and employers were faced with greater demands from hiring perspective.

From what I've seen in Q1 of 2007 the trend seems to be pretty much the same as 2006 but at a much more acute pace.

Today, Singapore market, say unlike 2-3 years back is flooded with mushrooming recruitment firms and the competition for a share of the same pie is developing into a very fascinating affair.

We have the same group of recruiters and resourcers finding and talking to the same group of candidates and at times the same candidate ends up being represented to the same client couple of times.

This definitely does not bode well for both the candidate and the agent. The fight for the same group of talents ultimately resulted in some cases in the candidate holding on to 2 or more offers at the same time.

This truly is the candidate market! And I believe that this trend will continue in the same vein at least for some more years to come and I say this because Singapore is proving itself to be a preferred location to set up and conduct business for many of the employers in Europe and America.

I was talking to a senior recruiter with an Australia based recruiting firm here in Singapore who incidentally is recruiting for a leading bank and he confidently declared -

"Joe, I've market mapped Singapore and I know and have spoken to most of the candidates here and the same goes for India too and I am only sourcing for candidates now from non-traditional and unlikely sources/locations."

He continued to awe me when he nonchalantly declared that he has more than 80 jobs at any given time and he simply does not have the time to do justice to all the requirements and he needs extra hands.

He might have exaggerated a wee bit there but there is more truth in what he commented. Because just after a few days of receiving this great insight I was commanded in no uncertain terms by one of the recruitment manager in a leading European bank-
"We've seen all the candidates there is to see in Singapore and India and we are now focusing our attention on attracting talents from Australia or UK".
And that’s exactly what we got into doing by releasing advertising campaign down under and buying new job boards in London.

Not only do I see shortages of qualified candidates but I also observe an increasing shortage of experience recruiters by the number of calls that I continue to get from headhunters and also by the way I struggle myself to recruit consultants and recourcers for my own organization.

As we continue to operate within many limitations and demands of the market we evolve into being a specialised and effective recruiter and this is necessary in order to stay ahead of competition.

One area that we can all look forward to in the coming days is gaining success in honing our skills in international recruitment and in diversity recruitment.

After all that is what the clients and the market increasingly wants us to be and as a recruiter we have no choice but evolves with the changing times.

*** happy hunting folks***

Tuesday, May 15, 2007

:: HR directors in Singapore paid double compared to India and China

HR directors located in South Korea are better off than those in Hong Kong and Singapore, with the highest average base pay of US$175,800 (S$266,137), Mercer’s Global Pay Summary found.

Singapore at US$131,800 lags Hong Kong by US$ 25,000, but beats Japan (US$129,100). Singapore HR director’s average annual base salary is about double of what their counterparts in the booming economies of China (Shanghai) and India are making. HR directors in Shanghai and India are paid US$68,179 and US$55,790 respectively.

The US leads in base salary of HR directors at US$190,000, followed by the UK at US$172,392 and Germany at US$169,032.

:: Talent Plus @ Singapore

Another addition to the ever growing recruitment space in Singapore, the latest one being Talent Plus (Not related to Talent 2) who recently inaugrated their Singapore office on the 8th of May.
Talent Plus is a premier global human resources consulting firm with over 200 world-class, quality-growth-oriented clients.
Talent Plus’ design is to have a full staff assisting in building Talent-Based OrganizationsSM (TBOSM) from the office in Singapore, deploying them throughout Asia with current clients and others in the region who share an interest in recruiting, selecting, developing and promoting their best.
Talent Plus already have couple of big client that they are servicing from their US office.
My best wishes to Talent Plus for a successful operation here in Singapore.

Thursday, May 10, 2007

::Yahoo to grow Singapore hub

Search engine giant Yahoo plans to "more than double" its workforce in Singapore, which may become the comapny's hub for Asia.
This news comes on the back of the Microsoft + Yahoo merger which had positive influence on Yahoo's share jumping to 17% in the premarket trading while Microsoft slipped to 1.5%. But for many outside observers this merger has a lesser chance of seeing a happy ending due to the sheer size of the two giants and also the cultural and technology differences.
Obviously this merger could not have been even dreamt by many during pre Google emergence, however lately both Micsrosoft and Yahoo have been feeling the heat from Google with Google's aggressive business expansion/strategy.
Microsoft currently trails both Yahoo and Google in the lucrative and growing business of Web search.
The growth of Google still leaves me with awe and admiration and with their increasing portfolio of innovative brand of products both in the market, in the pipepline and in research stage it is no wonder Google is where it is today - Innovation!

Friday, May 04, 2007

:: Google@Singapore

At long last the enevitiable happened and Google put paid to months of speculation by opening its regional office in Singapore yesterday.

I was approached by a lady from outside Singapore 3 months ago and she wanted me to represent her for job with Google Singapore. I did some research and found that Google at that time was still contemplating and have not decided yet on setting up their regional office here.

To me Google in Singapore was pretty exciting and I am very glad that Google is here today. It does good for Singapore as a whole because this will defintely boost Singapore image as one of the place to set up regional office.

And for some in the recruiting fraternity, it will do wonders on their resume to be able to declare some day that they were instrumental in recruiting for Google in Singapore.

:: Fair Employment Practices in Singapore - guidelines

The Tripartite Alliance for Fair Employment Practices in Singapore is composed of Singapore National Employer Federation (employers' representative), National Trade Union Council (Unions' representative) and Ministry of Manpower (governments' representative).
The alliance has come up with recommendations on how to conduct dismissals and retrenchments as part of the Tripartite Guidelines on Fair Employment Practices. The alliance also produces guidelines in the form of a booklet as part of the fight against discrimination at work place.
Singapore is a multi racial and multi religious contry and comprises of native Chinese, native Malays and native Indians predominantly Tamils. Often, as seen on various media publications workplace discrimination is a phenomenon quite wide spread and does exisit.
Against this back drop the Tripartite Alliance has produced guidelines, which by no means is a legislation but just a recommendation. It is for individual members of the Employer federation or those outside of the Tripartite framework to implement this recommendation.
This is similar with recommendations of the National Wage Council, which is again composed of the three alliances. Salaries, Annual Wage Supplement and Bonuses are to be devised within a certain percentages and thereby protecting both workers and employers alike when economy downturn occurs. This recommendation if practice will protect the employees from retrenchment by having their variable components adjusted and their basic wage protected.
Over the next two years, the Alliance will adopt a concerted, promotional and educational approach to raise awareness and share knowledge on fair employment practices. The Alliance looks forward to the support of all employers, unions and employees in making Singapore a fair and inclusive place to work, contributing to a resilient and dynamic economy.
More details avaiable at