Tech Hiring: 2021 was Delta, 2022 is Omicron, and Here’s Why.

by | Jan 28, 2022

As we indicated in a blog last year, Singapore continues to be a huge magnet for tech talent and funding.

While the domestic and international supply of skilled labor in Asia’s burgeoning digital industry was certainly hampered by COVID-related travel reduction and a lack of appetite for relocation, the city-state never sleeps, and the investment and opportunity wheel continues to turn.

The APAC tech landscape is a fluid and fast-moving environment. Singapore especially continues to be an incredibly attractive and sought-after place to work and live – a quarter of Singaporean residents are expats, and the country continues to be a huge draw for business and talent, not to mention global business leaders. 


Despite the added difficulties of navigating the new EP workers system in the wake of COVID-19, the enviable quality of life, stable political environment, incredible infrastructure and position as a hub of Asian investment and opportunity means that any COVID-related downturns are somewhat mitigated by positive business and financial improvements.

For tech professionals considering a career in the business capital of Asia, there are some wider recruitment and industry trend movements to consider:

Recruitment Trends in 2022

There will continue to be a global dearth of talent in the tech sector, especially in business-critical sectors such as data architecture and development. But beyond top line job titles and skill sets, the culture of recruitment is changing too:

  • ATS and beating the Bots – candidates need to be aware that many HR teams and recruitment agencies are deploying ATS software to better vet and source candidates. Including key tech terms, niche acronyms, and micro-focusing your resume on key performance indicators will give your resume a fighting chance to be screened positively by an ATS. 
  • The rise of remote workGartner predicted that by the end of 2021, 51% of all knowledge workers will be remote, and other resources indicate at least half of all employees want to work remotely or hybrid in 2022 and beyond. The changing attitudes to remote working affect everything, from relocation to interview strategy and more. Singaporean businesses are, like most, reflecting this change – 49% of employed residents worked remotely in 2020

Tech employers want growth mindsets – the growth mindset parallels iterative work practises in that the individual values input, and grows through repetition and perfecting a craft. HBR defines a growth mindset as “Individuals who believe their talents can be developed (through hard work, good strategies, and input from others)” – above all else, this sort of positive, forward-thinking mindset is what employers crave.

Tech trends in 2022

The Tech industry – in all its wonderful interactions and forms – has redefined how we work, interact, buy things, meet people, grow, and persevere in the face of crisis. Digital natives (Gen Z) workers are further adding to our global tech talent base, but despite that there quite literally aren’t enough workers to go around. 

 

That said, the tech industry continues to innovate, and 2022 is looking like a bumper year for investment and innovation:

  • Cybersecurity – Gartner refers to a “cybersecurity mesh” as one of the primary fixes to a now-global issue – as networks become more dispersed and data is held at the edge, vulnerabilities proliferate. Ransomware attacks are rising. There were record malware hits in 2021, and 2022 is tracking to be the same. Tech-heads beware – cybersecurity is the hot topic for the coming years. 
  • The Metaverse – “extended reality” is how the WEF define the Metaverse – this burgeoning digital world of innovation will incorporate everything from real-world purchases to digital real estate; fiat currency purchases to crypto-commerce and more. Facebook are flagleaders for it, but many more people are taking the metaverse seriously.

The 6 Rs – sustainability now needs to be central to any tech enterprise, and nothing personifies the cultural shift to circular and sustainable economics that the 6 Rs; Rethink, Refuse, Reduce, Reuse, Recycle, Repair. These principles will be the driving force behind how we manufacture, waste and reuse tech devices, and are increasingly of paramount importance in how we train and develop skills in our tech talent workforce.

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Expert Round-Up 

The pandemic continues to shake up the Financial Technology sector. It has certainly forced thousands of businesses to restructure their sales strategies and budget. Plenty of fintech vendors face a myriad of uncertainties and, while some have managed to stay ahead of the curve, others are finding ways to stay afloat. 

 

There’s also the matter of implementing newer and more flexible home arrangements, utilizing effective communication tools, and finding new and innovative ways for sales professionals to engage with their target audience. Does it work? What are the challenges and how do high-performing sales teams solve them? 

 

To explore how fintech companies in the APAC have managed the situation, we have rounded up experts in the field to share their tips and insights on how they have navigated the turbulent waters of the global pandemic.

Tip 1: Trust your people

Big change that the pandemic has brought upon us is widely accepted work from home arrangement. This is a huge mind shift in how you lead a team and ensure product quality. Trust in your people is more important now than ever before. Micromanaging and controlling every step your team takes is a nightmare for every person involved. Let go of the grip and trust your people to do the right thing – leadership is not built on control, leadership is built on trust.

Tip 2: Understand, adapt and respond

I believe in passion for what I do. I need to feel an attachment to the work that I put out, otherwise, it’s just writing code for no reason. Big part of that (for me) is autonomy, ownership, and identity with the product that I build – but everyone works in a different way. A good leader understands how the team works and is able to adapt and respond to it. If your team members prefer to change projects around – find a way that will enable cross-pollination. It will help to keep things fresh and for your team to stay motivated!

Tip 3: Stay connected

The last thing I would mention is building & maintaining connections among your team members. Having regular 1-on-1’s, regular roundtables with presentations, and crucially some time to connect on a personal level is ever so much important. Organise a meeting where everyone gets their favourite drink & food and gets to talk about their passions or hobbies or even play online games together. It will be a trial-and-error and you have to see what works for your team and what doesn’t. Remember, don’t force anything in as it won’t feel natural.

Need help in finding tech talents for a Singapore-based company? You can count on Datasearch Consulting to lend you a hand. 
 
While the talent market has undoubtedly become more competitive for both recruiters and HR professionals, we remain dedicated to connecting our partners with the right tech or IT talent. 

Connect with us at Datasearch Consulting for more information about our recruitment solutions for tech companies and functions.

George Mikhail is the Director – Technology & Data at Datasearch Consulting, a leading executive recruitment firm specialising in the Cyber & Cloud Technology sectors

You can download their FREE comprehensive guide on “The Complete Guide to Hiring Fintech & Data Talent – 5 Proven Steps to Secure the Best Candidates Possible” Alternatively you can view the Datasearch Consulting website or contact them directly on info@datasearchconsulting.com for a more detailed discussion.

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