A Shift to Skills-Based Hiring in APAC
Trends Shaping a Future-Ready Workforce
The worldwide skills shortage is still a concern, and employers find themselves in a dire situation when it comes to skills. Finding qualified candidates for available roles is a primary challenge for over 60% of businesses.
According to the State of Skills-Based Hiring Report of 2023, 73% of businesses worldwide are using skills-based hiring to find, keep and develop competent individuals.
In most APAC countries, education is considered a means to success, so many professionals pursue ongoing education and training opportunities throughout their careers. Therefore, it is no surprise that this region has embraced skills-based hiring.
In the region, 89% of recruiters value and prioritise skills-based hiring, while 87% focus on upskilling and reskilling.
To attract and retain quality talent over time, organisations and governments throughout APAC are implementing skills-based hiring practices like pre-employment testing in Singapore, building healthy workplace cultures in India and investing in learning and development opportunities in Indonesia. This approach with skills-based models enable businesses to develop a database of skills distinct to their firm.
of business claim it is a primary challenge to find qualified candidates for available roles
of business worldwide are using skills-based hiring to find, keep and develop competent individuals
of recruiters value and prioritise skills-based hiring, while 87% focus on upskilling and reskilling
Macro trends, like accelerated digital adoption, global market volatility and sustainability continue to contribute to a talent shortage in APAC, with 75% of APAC companies reporting that their nation still has a digital skills gap. Companies are faced with challenges such as a lack of technical digital skills, adaptability, communication skills, teamwork training, critical thinking and empathy.
According to a report by the World Economic Forum called “Future of Jobs,” 44% of workers’ abilities will undergo a change, making upskilling and reskilling an essential company strategy in the next five years.
