Singapore professionals are "career cushioning" to weather the economic storm

Nurdianah Md Nur
Nurdianah Md Nur1/18/2023 01:47 PM GMT+08  • 2 min read
Singapore professionals are "career cushioning" to weather the economic storm
Employees in Singapore are investing in their skills and proactively seeking opportunities to progress, according to LinkedIn's study. Photo: Unsplash
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Singaporeans are cushioning themselves against the challenging economic climate by putting their career in the driver's seat, according to research by LinkedIn.

They are doing so by learning new skills and deepening their knowledge in areas that are in demand (54%), building their professional brand (41%), and proactively seeking feedback to improve their work performance (38%).

The study also found that salary is the leading factor in influencing employees to stay or driving them to look for other opportunities. Almost a quarter (24%) of employees in Singapore are also confident in their abilities and believe they can find a better role.

“Since the pandemic, it’s clear that professionals have built up a bank of resilience, and we’re seeing this in their confidence to tackle the year ahead. They are striving for the ideal role that offers the right wage and provides work-life balance,” says Pooja Chhabria, LinkedIn’s career expert.

She continues: “Job seekers are also being more intentional in their search, whereas others are taking steps to recession-proof their current roles by learning new skills or brushing up on existing ones. In fact, there has been a 43% year-on-year increase in members worldwide adding skills to their LinkedIn profile - 35 million have been added in the last 12 months. Building transferable skills will help professionals be more versatile and adaptable to different roles, which is valuable in an uncertain economic climate.”

LinkedIn has also published its latest Jobs on the Rise list. The data reveals that the need to drive business growth in an uncertain economic environment, continued focus on digitalisation and disruptive technologies such as artificial intelligence and cybersecurity are creating opportunities for professionals in 2023.

See also: Generative AI’s next frontier is video

Currently, the top 15 fastest-growing jobs are:

  1. Sales development representative
  2. Cloud engineer
  3. Enterprise account executive
  4. Healthcare assistant
  5. Cybersecurity engineer
  6. Site reliability engineer
  7. Back-end developer
  8. Cybersecurity consultant
  9. Technical account manager
  10. Customer success specialist
  11. Machine learning engineer
  12. Artificial intelligence engineer
  13. DevOps engineer
  14. Investment associate
  15. Product owner

To support job seekers, LinkedIn is hosting a live session for its Singapore members, offering practical career advice and job-seeking tips from voices in the know. LinkedIn is also unlocking free LinkedIn Learning courses to support professionals in their next career move.

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