Here’s an extract from the talk:  ,
Sumita Tandon, HR director of APAC at Linked In:
Almost seven out of ten people want to look for a new job and plan to do so this month, according to what we are seeing. But the response rate that they’re hearing again from businesses is substantially lower, which is leading to their stress.
On the other end of the spectrum, it’s the companies who struggle to strike the right balance between smooth skills and specialized skills. And because the job market environment is changing so much and so rapidly, it is creating this dissatisfaction and imbalance.  ,
Tiffany Ang, network:  ,
What are companies looking out for especially, then? You mention the hard and soft expertise, but do you know what specific skills they are looking for?  ,
Sumita:
What we are seeing is that this disparity is largely caused by changes in the tasks and skills that businesses require. So for example, worldwide, what we are seeing is that hiring for AI expertise has surged more than 300 per cent worldwide over the last eight years. And in APAC, we are expecting abilities to change by 70 per cent by 2030 according to Gen AI, compared to 52 per cent without it, this is a 18 percent point faster rate of conversion.  ,
Companies are looking at the overall economic environment as well, and what we are seeing is that they will invest in technology to upskill and reskill their existing workforce rather than prioritize hiring growth. What that means is that the workforce will continue to be largely unchanged.