Demand for Indian tech talent has doubled in Singapore

Number of Indian professionals double in Singapore due to tech talent demand

The demand for Indian tech professionals doubled (13 to 26 percent) from 2005 to 2020. The rise in the number is due to the demand for tech talent but not for the “favorable treatment.”

Due to the advent of pandemic situation, Singapore’s economy was slowed down, resulting in the rise of job losses. The locals in Singapore have an impression, this situation is because of the Economic Cooperation Agreement (CECA) – free trade agreement signed between India and Singapore in 2005. This agreement letting Indians to get more opportunities than the locals in Singapore. 

“The percentage of Indian employment pass (EP) holders were doubled in Singapore from 13 to 26 percent between 2005 to 2020,” stated Manpower Ministry Tan See Leng in the Parliament.

The increase is because of the rapid growth of Singapore’s digital economy and finance, resulting in global demand and supply of tech talent, not because Indian professionals were treated favorably.

There was a misconception that if Indian professionals do not take up the opportunity, then these positions will be offered to the Singapore locals. But the local people in Singapore have a “good Singaporean talent pool,” which is not enough to meet the needs of the employers investing in Singapore.

As every sector has been digitalized in recent times, there is a great demand for tech talent and is growing significantly. Currently, Singapore does not have enough tech professionals to fill the roles available. For instance, only in the infocomms sector, 6,000 jobs remain unfilled.

As per the analytics as of December 2020, from manpower ministry data, 1,231,500 foreign workers, including 177,000 EP holders, were present in Singapore 19 percent were in information and communications technology, 19 percent in professional services, and 15 percent in the finance sector.

The EP (employment pass) allows foreign professionals, managers, and executives to work in Singapore. In contrast, the S pass is for mid-level skilled staff, work permit for semi-skilled foreign workers in infrastructure or construction fields, manufacturing sector, services sector, marine shipyard, and work permit for foreign domestic workers. Read More

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