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2nd Quarter Newsletter 2018
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SALARY OVERVIEW
Hong Kong - China - Singapore - Thailand
Hong Kong
Hong Kong to boost innovation and technology
China
Shanghai remains highly attractive for expats
Singapore
Singapore's need for foreign talent
Thailand
Thailand's exports hit a 5 year high
SINGAPORE
Singapore's need for foreign talent
The recently announced Budget 2018 seems to ignore Singapore's approach to foreign talent in the face of major manpower and demographic challenges. Foreign manpower has been a highly charged issue for many years and during the months prior to the Budget 2018 several lobbies were organised to promote a more flexible approach to foreign manpower.
The business community argues foreign manpower is needed to realise the adaptation of new technologies and digital skills that are believed to be necessary in order for Singapore's economy staying competitive.
However, the Parliament seemed to focus on the proposed changes in Goods and Services Tax (GST) and therefore neglecting the discussion on foreign manpower policy.
The foreign manpower approach seems to be fundamental to the country's future economic development. For one, companies say they are already losing out on growth opportunities, mainly due to a shortage of highly-skilled tech talent. Talents equipped with skills that are needed to fill positions, such as data analytics, artificial intelligence and cybersecurity, are scarce in Singapore and need to be attracted from other countries. Companies struggle with current government policies, especially when it comes to the Employment Pass salary levels, where quotas apply.
Adding the challenge of the aging population to the mix, it is crucial for Singapore to invest in attraction and development of new skills. The government has been launching a variety of programmes (e.g. Professional Conversion Programme and Capability Transfer Programme) to invest in local talent giving them advantage compared to foreign workers. If these initiatives are in time to create the urgently needed changes remains to be seen. In the meantime, local businesses continue to press for relaxation of foreign labour policies.
Source: The Business Times
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Asia Pacific Maritime 2018
In March Gemini Personnel participated in Asia Pacific Maritime (APM) 2018, the premier event in Southeast Asia for companies active in the Shipbuilding & Marine, Workboat, and Offshore industries,
in the Marina Bay Sands Convention Centre in Singapore. Occupying a booth in the Career & Skills Pavilion, the regional Gemini team met a variety of industry professionals and job seekers.
With seats on the discussion panels and presentations on talent acquisition and development Gemini provided the industry with knowledge on development and solutions for talent; the biggest challenge in the industry currently being the shortage of skilled talent.
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Straits Times: Edwin Tiah on building a sustainable Maritime workforce
Together with other industry leaders, Gemini Personnel Singapore's Managing Director Edwin Tiah was featured in the Singapore Straits Times to discuss the labour force challenges in the Maritime sector.
For the full article, click here.
Top 5 candidates in Singapore
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Chief Executive Officer
Nationality: Singaporean
Based: Shanghai, China
Languages: English, Chinese, and Bahasa Malay
Skills: 20 years in technical sales and marketing.
Education:
- China focused and results driven C-level executive in retail and F&B group.
- Extensive China experience (with more than eight years CEO of China business and CFO of China based companies).
- Deep finance and capital market experience accumulated as CFO of listed companies in Singapore.
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Chief Financial Officer
Nationality: Singaporean
Based: Singapore
Languages: English and Chinese
Skills: Over 20 years experience in Corporate Finance at one of the top finance companies, a Global Fortune 500 organization.
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Chief Procurement Officer
Nationality: Singaporean
Based: Beijing, China
Languages: English and Chinese
Skills: Group CPO currently acting as group CEO in a food manufacturing and restaurant chain.
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Vice President, Shopping Centre Leasing
Nationality: Singaporean
Based: Hong Kong
Languages: English, Chinese, and Tagalog
Skills: Experience in leasing for top luxury shopping chain and store management.
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Marketing Manager
Nationality: Singaporean
Based: Singapore
Languages: English and Chinese
Skills: Financial services and manufacturing sectors.
For more information about these candidates, please contact edwint@gemini.sg.
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