Challenges

The challenges in talent acquisition and retention are many, specifically in the IT sector, where the demand for skilled professionals often exceeds supply. Recruitment speed is essential to close hiring of top candidates before competitors do. Additionally, strict Ministry of Manpower guidelines on foreign talent quotas complicate hiring, with rising rejections of employment pass applications for foreign professionals.

Diversity remains another challenge, especially in the technology and finance space, where unconscious biases and a lack of qualified candidates from underrepresented groups persist. Companies struggle to balance the need for quick hiring with ensuring quality, resulting in frustrations from either losing top talent or settling for less suitable candidates.

Lastly, creating a compelling employer value proposition (EVP) is difficult due to differing perspectives from candidates, employers, and employees, hindering the establishment of a strong employer brand.