Voicing out concerns in the current MOM Employment Situation Q3 2015 Report, Country Manager for Randstad Singapore, Jaya Dass sheds light on some key issues witnessed by the country.
On the rise of unemployment for residents and citizens
“The weaker global economy coupled with China’s slowdown in the last few months has impacted Singapore’s economic and employment conditions. While overall unemployment figures have remained consistently low, the slight rise in unemployment among residents and citizens for the second consecutive quarter outlines the importance of jobseekers to maintain and develop their skills.
“It is increasingly vital that jobseekers, as well as current employees, constantly update their skills and industry knowledge. To ensure they remain competitive in their industry, employees should take advantage of their company’s internal training programmes or sign up for relevant external courses,” said Dass.
On the slower employment growth compared to a year ago
“The slower overall employment growth of 16,400 this quarter compared to last year’s 33,400 is a reflection of the softer economic conditions facing both Singapore and global markets. It is important that in the midst of this environment employers continue to focus on driving the productivity of their workforce.
“Keeping employees engaged and motivated is vital to keeping productivity levels high. Statistics in the inaugural Randstad Singapore Workpocket 2015/16 highlight that Singapore has some of the poorest workforce engagement statistics in the world.
“Employers need to understand what motivates their employees, and develop an employee engagement programme that demonstrates where employees fit into the big picture and how their work output contributes to achieving organisational goals,” concluded