Singapore Seeks 260,000 Foreign Workers to Fill Skills Shortage
The country’s economy is booming, but it lacks the domestic talent to meet demand.
Singapore is facing a critical shortage of skilled workers, and the government is urging businesses to recruit more foreigners to fill the gap. The country’s economy is growing rapidly, but the domestic labor force is not keeping pace.
The Ministry of Manpower (MOM) said in a statement that Singapore needs to recruit an additional 260,000 foreign workers over the next five years to meet its manpower needs. The ministry said that the country will need to focus on attracting skilled workers in areas such as information technology, engineering, and healthcare.
“The demand for skilled workers is outpacing the supply,” said the MOM. “We need to attract more foreign talent to ensure that our economy can continue to grow.”
The government has already taken a number of steps to make it easier for businesses to hire foreign workers. In 2019, the government introduced a new points-based system for assessing foreign worker applications. The system is designed to favor applicants with skills that are in high demand in Singapore.
The government has also increased the number of work visas that are available to foreign workers. In 2022, the government issued a record number of work visas to foreign workers.
Despite the government’s efforts, businesses are still struggling to find the skilled workers they need. A recent survey by the Singapore Business Federation found that 80% of businesses are facing a shortage of skilled workers.
The skills shortage is threatening to undermine Singapore’s economic growth. The government is concerned that the shortage could lead to businesses relocating to other countries where labor is cheaper and more readily available.
To address the skills shortage, the government is investing in education and training programs. The government is also working with businesses to develop new pathways for foreign workers to gain the skills they need to work in Singapore.
The government’s efforts are helping to ease the skills shortage, but more needs to be done. Singapore needs to continue to attract and retain foreign talent if it wants to maintain its position as a leading global economy.
The government is taking a number of steps to address the skills shortage:
- Investing in education and training programs.
- Developing new pathways for foreign workers to gain the skills they need to work in Singapore.
- Making it easier for businesses to hire foreign workers.
The government’s efforts are helping to ease the skills shortage, but more needs to be done.
Singapore needs to continue to attract and retain foreign talent if it wants to maintain its position as a leading global economy.
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