Asia faces scarcity of employees who can fill tech roles: Search Asia
Tech jobs in Asia are “strong” regardless of tech sector layoffs, mentioned Peter Bithos.
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Asia could also be battling a scarcity of employees after the pandemic, however Peter Bithos, CEO of job portal operator Search Asia, mentioned it isn’t the identical as North America’s “Nice Resignation.”
As a substitute, Asia’s workforce has a shortfall of people that possess the abilities to fill tech roles in corporations, Bithos instructed CNBC’s “Squawk Field Asia.”
“What we have been seeing is a big reconfiguration of the kinds of expertise wanted” within the workforce, he mentioned. That is mirrored within the improve of tech function listings on Search’s platforms, which is up 66% 12 months on 12 months, in response to Bithos.
Regardless of layoffs at tech corporations, nearly “each sector within the financial system outdoors of tech” is hiring for tech employees, Bithos defined. Tech jobs throughout Asia stay strong and are “very excessive in demand,” he added.
A search on job portals JobsDB and JobStreet, that are operated by Search Asia, confirmed 57,902 jobs accessible below the knowledge expertise class throughout six Asian economies: Hong Kong, Malaysia, Singapore, Philippines, Indonesia and Thailand.
Candidates for these tech roles are up 14%, which Bithos mentioned might be pushed by tech sector layoffs in addition to individuals feeling “assured” sufficient to hunt employment because the pandemic involves an finish.
Laid off employees nonetheless have many roles accessible to them, though these roles might not be at a “pure tech” firm, Bithos mentioned.
Technological jobs make up nearly half of the fastest-growing job titles in Singapore over the previous 5 years, LinkedIn mentioned in its 2023 “Jobs on the Rise” record. These embrace jobs equivalent to cybersecurity engineer, back-end developer and synthetic intelligence engineer.