In the face of demographic shifts and a projected decline in workforce supply, Singapore’s employment landscape is entering a pivotal phase. Businesses are becoming more focused on securing talent with specialised skillsets to drive growth and maintain operational resilience. Yet, many are grappling with challenges such as talent shortages, evolving employee expectations, and the tension between in-office mandates and hybrid work preferences.
This inaugural edition of KPMG’s Singapore Employment Outlook, based on insights from senior executives across key industries, reveals that attracting and retaining talent is now a top strategic priority. The study explores key themes shaping the workforce agenda—from cautious optimism around headcount growth and the early adoption of generative AI, to the growing importance of flexible work arrangements and competitive compensation in employee motivation and retention.
With nearly one in three professionals considering a job change and almost half expecting significant pay raises to make a move, this report provides critical perspectives to help employers adapt and lead in an increasingly competitive talent market.
