Companies of the future need to become talent creators

SINGAPORE, recently hailed as the second-best global destination for attracting and nurturing skilled talent, faces a challenge. A whopping 83 per cent of employers in the country grapple to secure the expertise they crave.

Unpacking recent developments paints a clearer picture of this growing conundrum. Today, businesses are under growing pressure on multiple fronts, requiring a workforce that can adapt to a volatile external environment amid technology, consumer and climate change demands.

Despite advances in automation and artificial intelligence (AI), company leaders still require highly skilled talent to meet their business and environmental goals. One way to achieve this is for companies to transition from being talent consumers to becoming talent creators.