Table of Contents
Does Singapore need software engineers?
As the banking sector in Singapore continues to flourish in its fast-paced and extremely competitive landscape, it is to the advantage of software engineers. They get to reap the opportunities and investments of this city-state.
Is there a shortage of engineers in Singapore?
According to the Manpower Group’s 2018 talent shortage survey, 56 per cent of employers in Singapore reported difficulties in recruiting, especially in the engineering and IT sectors, which incidentally are two of the top 10 most difficult sectors to fill.
Why the world’s software engineers are moving to Singapore?
Singapore’s political stability has long been cited as a big reason why companies find it easy to move their operations here. For many talented individuals, having a clean, safe, and stable environment also factors into their considerations.
What is the impact of the shortage of software engineers?
Moreover, the shortage of software engineers is also halting innovation, affecting the growth of businesses. According to a report, over 50\% of CIOs in the last five years have reported that lack of skills making it hard for their companies to keep up with the latest technologies.
Is Singapore’s tech development being held back by talent shortage?
One gets the sense that the ambition and speed of tech development in Singapore is being held back only by a talent shortage. To be fair, the shortage of tech talent is a global phenomenon: Even hiring managers at Silicon Valley giants like Google and Facebook have complained about talent scarcity.
Why is Singapore’s tech job market booming?
As more companies establish their operations in Singapore, the demand for tech jobs will continue to balloon – both in terms of quantity and quality. This in turn creates a virtuous cycle of attracting more companies, which creates jobs that attract talent.
How many ICT jobs are there in Singapore?
Some 50,000 ICT jobs are expected to be created in Singapore in the next few years, adding to the pool of some 180,000 ICT professionals currently hired here; and many of these jobs will be created by some of the biggest tech giants in the world.