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3 in 4 C-suite leaders worry about talent shortage

3 in 4 C-suite leaders worry about talent shortage

They expect it to harm their businesses in the next three years.

Talent management firm KellyOCG revealed in a survey that 75% of Singapore's C-suite leaders expect talent shortages to negatively impact their businesses in the next three years.

The survey results were revealed through its Workforce Agility Report. C-suite leaders were asked about talent acquisition practices.

Moreover, only 50% use human resources (HR) during business strategy development, compared to the 53% rate in Asia Pacific.

Only 10% of C-suite leaders believe that their HR functions can provide strategic workforce insights.

More business leaders are also relying on freelancers, with 85% that said they expect to add to their pool of contingent workers.

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"In order for businesses to leverage the benefits of having an agile workforce, HR must be at the boardroom table as a strategic advisor to their C-suite leaders, aligning workforce strategy with business strategy," KellyOCG said.



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