22 May 2021
Singapore-based firms turn to remote hiring amid tech talent crunch
In an interview with DealStreetAsia, Spire Research & Consulting CEO Leon Perera shares his insights on the phenomenon of Singapore start-ups looking overseas to hire tech talents on a remote-work arrangement.
As tech giants to the likes of ByteDance, Huawei, Stripe and Zoom set foot ashore the tiny regional tech-hub of 5.7 million, smaller companies such as start-ups have begun to find themselves being priced out of the competition. Given that renowned tech-companies offer commensurately attractive remuneration, small companies have found it difficult to compete in the hiring market for fresh and mid-level engineers.
This talent crunch has seen especially Singapore start-ups look across the shores for overseas talent. Spire CEO, Leon Perera, shares that it is natural for start-ups to hire technology talent from overseas, given start-ups’ high capital burn rate. Furthermore, he adds, with the reduced rate of foreign domestic investment into these economies in face of the Covid-19 pandemic, a supply-demand imbalance overseas makes it easier for Singapore start-ups to hire overseas talent to work remotely.
To read the article on DealStreetAsia, click here. This article requires a user subscription.
This article is also available on Nikkei Asia, click here to read.
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Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (65) 6838 5355