Bridging the SME talent gap

SMALL and medium-sized enterprises (SMEs) play a significant role in Singapore's economy. As 99 per cent of all enterprises are within the definition of SMEs, they are a vast majority of the business entities in Singapore. With a dynamic job landscape, organisations need to evaluate their talent management strategies regularly in order to stay competitive in the rapidly changing environment.

Given that the Singaporean talent pool is at a premium and constantly evolving, it is paramount that SME leaders spend their efforts wisely when culling and developing for talent and depth.

As SMEs employ up to 70 per cent of our workforce, special attention should be paid to the way organisations respond to technological shifts, employee engagement and fulfilment practices. In addition, the advent of workforce agility requirements and on-d…