SINGAPORE, Oct 8, 2021 – (ACN Newswire) – Cielo, the world’s leading strategic Recruitment Process Outsourcing (RPO) provider, has found that talent acquisition professionals in the APAC region are challenged with factors that are distinct from general trends faced by organisations globally.
The global survey, conducted by Cielo, consisted of an online survey of over 300 senior Talent Acquisition (TA) and HR leaders, plus over twenty in-depth interviews with key senior executives from multi-national companies across a range of industries. The demand for digitally-savvy talent is increasing due to the numerous industries’ digitization efforts. The most in-demand skills and experiences in digital are still the most scarce in the global and local marketplaces. Talent acquisition professionals are facing increasing challenges in attracting future-proof talent and ensuring that new hires achieve organisational goals.
The survey found that globally, a large majority (73.6%) of respondents agree that their business faces a skills shortage, and 78.2% believe that skills shortages and gaps are among the three most significant issues they will face in the near future. However, APAC diverges from this global trend, identifying quality of hire as the main challenge at 46.2% – skills shortage ranks second, jointly with time to hire at 35.4%.
Furthermore, this challenge is exacerbated for APAC respondents that do not leverage RPO models compared to those that do (26.7%). However, APAC also sees many of its organisations willing to implement new recruitment technologies; at 26.2%, this figure diverges greatly from the global average of 8.2%.
“Skills-based talent acquisition has the potential to address many of APAC’s unique concerns, as well as those which the region shares with talent acquisition teams worldwide. “I believe professionals will be less concerned about headcount in the near future and more concerned about whether a team has enough experience to complete their tasks,” stated Kumar Bhaya (Cielo’s Vice President of Client Solutions for APAC).
“That being said, instead of the focus being solely on identifying technical skills gaps in candidates, we should also be looking at their soft skills. These skills are more important in today’s changing business landscape because they take longer to learn. Bhaya says that shifting our focus to soft skills, such as the ability to adapt to change and be an inspiring leader, allows talent acquisition professionals to free themselves from traditional limitations. It also opens up a wider talent pool.
The survey results also confirm that those who do not leverage RPO face more issues with quality of hire (39.4%), as opposed to the professionals who do use RPO (27.2%) for its technological benefits and recruiter expertise that result in better quality of hires. The report’s authors identified unique factors in Asia-Pacific (APAC). Concerns included the lack of international skills, the possibility of being displaced from regional roles and a growing focus on diversity, equity and inclusion (DEI&B).
“In APAC there are definitely [skill] shortages, which is why we need to look at relocating people or look at other industries,” said Mayur Chaturvedi, Regional Director Rewards, Talent Management and HRBP of Zimmer Biomet. “For instance, in Southeast Asia, there is good talent availability and no problems. However, the talent supply in developing and emerging countries is limited. It is difficult to find niche skills and leadership roles. “
Across national borders, skills shortages can vary significantly. Although Singapore and Malaysia are temporary markets for available talent, Thailand and Vietnam, Vietnam, Vietnam, and Indonesia remain difficult markets to find talent. A survey found that these markets have particular challenges in hiring leaders and those with niche skills. This can be overcome by partnering with an RPO.
DEI&B continues to be a significant focus in APAC. However, APAC TA professionals are less concerned about DEI&B based on feedback from global peers. Just 24.6 percent of recruiters in Asia listed it as a top concern compared to 45.6 percent globally. Regardless, APAC respondents who used an RPO were more committed to diversity and inclusion efforts (53.3%) than those who were not using an RPO (17.4%). Organisations and leadership teams are also taking this issue on to ensure they have the right perspectives for further internationalisation.
The whitepaper reports that the modern-day workforce is undergoing rapid, unexpected change, and organisations will be well-served by investing in agility and flexibility, using skills-based workforce planning as a lens to understand business needs and hiring. TA professionals can use the unique skills of a business or team to hire the best talent for the future by focusing on their market and company needs.
To read the full Cielo whitepaper on the ‘Beyond the Skills Shortage’, please visit:
Notes to the editors:
The Future of Talent Acquisition research was commissioned by Cielo to better understand talent acquisition (TA) approaches by international businesses.
The comprehensive survey, consisting of 26 questions, engaged businesses across multiple industries in the UK, Europe and the Asia Pacific. 308 leading businesses were surveyed, with fieldwork conducted across June and July 2021. In addition, 21 in-depth interviews were conducted with HR and TA experts.
Cielo is the world’s leading strategic Recruitment Process Outsourcing (RPO) partner and industry innovator delivering RPO, Total Talent Acquisition, Consulting, and Executive Search services in over 100 countries. To help clients attract and retain the best talent, we design people-centric solutions. We also leverage Cielo TalentCloud, our agile technology platform that includes CRM, AI and analytics. To learn more, visit www.cielotalent.com.
Topic: Press release summary
Sectors: Human Resources
From the Asia Corporate News Network
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