Retaining the right talent is just as important as hiring them. Here's why

SINGAPORE (Feb 20): In view of a more buoyant economic outlook for Singapore and the continued skills shortage, recruitment specialist Hays is advising employers to not neglect employee retention as they seek to hire more talent for their business growth.

According to the 2018 Hays Asia Salary guide, which surveys more than 3,000 organisations in five key Asian countries including Singapore, up-skilling employees is the most popular way of combating skill shortages.

Based on the survey’s findings, 32% of Singapore’s employers are up-skilling their existing employees, 20% say they are improving attraction strategies such as increasing their recruitment budget, and 18% intend to turn to internal transfers to counter skill shortages.

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