- 87% feel equipped to deal with the new wave of digitalisation that will impact their jobs
- Close to nine in 10 (89%) said that their employers should invest more in developing their employees’ digital skills
- More than seven in 10 (71%) said that their employers have an increasing need for talent with STEM skills and capabilities
In a world of work that is radically transformed by digitalisation, employers are finding it difficult to find talent with the right skills. Close to nine in 10 (89%) of respondents expect their employers to invest more in developing their digital capabilities to help them stay employable.
preparing the workforce for the future.
According to the latest Q2 2019 Randstad Workmonitor study, 87% of local respondents feel equipped to deal with digitalisation in their jobs. Despite being prepared for the future of work, 63% of respondents expect their jobs to be automated in the next five to 10 years. This is 29 points higher than the global average (34%).
Jaya Dass, Managing Director at Randstad Singapore and Malaysia, said, “The fourth industrial revolution will dramatically change the skills that companies need to be innovative and make progress. We observe that it will be a collective effort by job seekers, employers and educators to build a future-ready workforce. Companies should start by looking at the skill and talent gaps, invest in training programmes to get their workforce up to speed, and help prepare them for the future where job responsibilities are expected to be more complex and sophisticated.”
science, technology, engineering, mathematics.
When it comes to sourcing talent, 55% said that their employers are having trouble finding people with the right skills today. Close to two in three (63%) said that it will be more difficult for their employers to find the right talent in the future.
In addition, 71% said that their employers have a need for workers with STEM profiles. The difficulty in filling STEM job vacancies is addressed in the Randstad’s flexibility@work 2019 report. Similarly, analysis of vacancy data shows that the median advertising duration for a STEM vacancy is more than twice as long as compared to a non-STEM vacancy.
“The fourth industrial revolution focusses on applying technology in meaningful ways to improve the overall quality of life and how we essentially interact with each other. We foresee the shortage of STEM professionals in Malaysia will impact the speed of development in expanding industries such as technology, smart manufacturing and engineering, as well as financial technology. However, the increasing number of career opportunities that require STEM qualifications will motivate more people to equip themselves with relevant technical skills as they seek to remain employable,” Dass concludes.
randstad workmonitor: Q2 2019.
The minimum sample size for the Randstad Workmonitor survey is 400 respondents per market. The 2019 quarter one survey was conducted between April 23 and May 9, 2019.
about randstad workmonitor
The Randstad Workmonitor was launched in the Netherlands in 2003, and covers 34 markets around the world. The study encompasses Europe, Asia Pacific and the Americas. The Randstad Workmonitor is published four times a year, making both local and global trends in mobility visible over time. The Workmonitor’s Mobility Index, which tracks employee confidence and captures the likelihood of an employee changing jobs within the next 6 months, provides a comprehensive understanding of sentiments and trends in the job market. Besides mobility, the survey addresses employee satisfaction and personal motivation as well as a rotating set of themed questions.
The study is conducted online among employees aged 18-65, working a minimum of 24 hours a week in a paid job (not self-employed). The minimum sample size is 400 interviews per market. The Dynata panel is used for sampling purposes. The second survey of 2019 was conducted from 23 April until 9 May 2019.
Randstad is the global leader in the HR services industry. We support people and organisations in realising their true potential. We do this by combining the power of today’s technology with our passion for people. We call it Human Forward.
Our recruitment services range from regular temporary Staffing and permanent placements to Inhouse Services, Professionals, and HR Solutions, including Recruitment Process Outsourcing, Managed Services Programmes and outplacement.
Randstad has active operations in 38 markets around the world and has top-three positions in almost half of these. In 2018, Randstad had on average 38,820 corporate employees and 4,826 branches and Inhouse locations. In 2018, Randstad generated revenue of €23.8 billion. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad N.V. is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded.
Hear what our leaders have to say about #HumanForward or head over to our website and learn more about our Human Forward brand promise
rena tan, regional marketing and communications director
alistar lien, senior regional PR & communications specialist