Story perspectives

Singapore Faces Talent Shortage Amid Workforce Decline

4/22/2025

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Summary

Story summary

Singapore's workforce supply is declining, leading businesses to seek specialized talent for growth.
Companies face challenges in talent shortages and managing hybrid work preferences.
KPMG's report emphasizes the importance of attracting and retaining talent strategically.
Key trends include headcount growth, generative AI integration, and flexible work options.
Approximately one-third of professionals are contemplating job changes, anticipating salary increases.

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Story summary

Singapore's workforce supply is declining, leading businesses to seek specialized talent for growth.
Companies face challenges in talent shortages and managing hybrid work preferences.
KPMG's report emphasizes the importance of attracting and retaining talent strategically.
Key trends include headcount growth, generative AI integration, and flexible work options.
Approximately one-third of professionals are contemplating job changes, anticipating salary increases.