Softening job market to free up ‘best talent in years’

SINGAPORE – TMS Asia-Pacific has advised those industry employers placing a moratorium on staff hire that now is the perfect time for companies to be stocking up on quality staff in anticipation of the global business upturn predicted next year.

TMS said that while many companies were continuing to stick with hastily implemented hiring freezes, other more canny businesses were using the current situation to source top level candidates in preparation for next year’s eagerly anticipated business boom.

TMS managing director - Asia, Andrew Chan, said it was those companies taking the initiative now, which would pull ahead of the rest in terms of their staffing and company performance when the current situation changes.

“We have seen a major shift in the market in recent weeks with yesterday’s job-heavy, candidate-light scenario being almost completely reversed on an overnight basis,” he said.

“The upside of this is that we are now starting to see some very strong talent emerge – in fact some of the best we have seen in a number of years. Now is the ideal time to hire supreme talent to ensure companies are meeting their service level agreements,” Chan added.

“There is a silver lining to every cloud and invariably it is during these turbulent times that employers are presented with the perfect opportunity to snare those quality candidates.”