Singapore Employees site lack of skills and training opportunities as top reason for leaving their company
SINGAPORE — SINGAPORE employees are aware they need to upskill but believe their companies are not providing enough learning and development (L&D) opportunities, according to a survey published on Wednesday (June 19) by professional networking site LinkedIn. More than two in five employees in Singapore have left a company because they felt that learning and development (L&D) opportunities provided by their companies were inadequate.
There is also a huge mismatch between what is offered by employers and what employees want, with only 17 per cent of employees in Singapore satisfied with their company’s L&D programmes.
Rising skills are an indicator of industry transformation & innovation yet two in three Singapore professionals polled feel daunted by the pace of change in their industries.
Barriers to Learning
The survey found that the most significant challenge for employees in Singapore (57 per cent) to take up learning was the lack of time. Other barriers include factors such as cost, accessibility and access to resources.
For Singapore-based companies, the most significant barrier they find in delivering L&D programmes is their ability to engage employees (48 per cent), apart from improving learning effectiveness (38 per cent), adapting training to younger generations and demonstrating value to leadership (33 per cent).
The LinkedIn's Future of Skills 2019 Report said both employees (62 per cent) and L&D professionals (54 per cent) in Singapore see soft skills as important in determining career progression.
Rising Skills An Indicator of Change
The study found that Asia-Pacific economies will face a labour shortage of 12.3 million workers by 2020, which will come at an opportunity cost of US$4.2 trillion (S$5.75 trillion).
APAC’s talent crunch is exacerbated because the region exports more talent than it imports. And the lack of available skills are a key driver of the talent crunch.
It also revealed that in today’s tech-dominated workplace, certain non-tech skills such as social media marketing, compliance and human-centred design stands out. With
Workflow Automation and
identified as rising more prominently in Singapore.
The rise of AI, automation and robots is rapidly changing the talent and skills market. However, it is not just driving demand for technical, hard skills – like coding, cloud-computing and AI. Soft skills are highly sought after in the field.
89% of executives say that it is difficult to find people with soft skills. Even as demand for technology competencies increase, soft skills such as analytical thinking, active learning and creativity will retain or increase their value. In our digital, hyper-connected world, it is easy for information overload to occur. Soft skills, like creativity, adaptability, collaboration and time management, allow talent to navigate new information and make decisions effectively.
LinkedIn surveyed both employees and L&D professionals across APAC. The survey found both groups place a lot of value on soft skills, particularly when it comes to career progression.
Among the various soft skills, critical thinking emerged as a top area of need among countries surveyed, especially in Singapore.
LinkedIN surveyed respondents from the Asia Pacific, namely Australia, India, Japan and Singapore and identifies the top 10 rising skills of LinkedIn members in the region over the last five years by looking at the skills listed by members with the highest month-on-month growth.
The survey findings comes as the Singapore Government has been trying for years to encourage workers to upskill or go for retraining and for companies to offer such courses, such as the launch of the SkillsFuture initiative and the setting up of the WSQ national credentialing system.
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