Six Ways to Hunt for Top Talent

Jun 10, 2019

 

With the applications of Artificial Intelligence (AI), Internet-of-Things (IoT), and Blockchain (BC) on the rise, hiring workers these skills sets are getting harder. In AI alone, there are only about 300,000 trained professionals worldwide, but millions of roles that have yet to be filled. An IDC report suggests that almost 30% of global IT jobs will go unfilled by 2022. As a result, salaries and benefits are becoming increasingly competitive and recruiting in the industry is becoming increasingly aggressive. The best talent is quickly scooped up by large, established players like Amazon, Accenture, Infosys, etc. so what's a start-up to do?

The good news is that APAC has homegrown talent and the future looks bright. According to a LinkedIn report, India, Australia, and China are major sources of talent, with Singapore and Malaysia not far behind. As a start-up, how can you attract the best talent and where should you look? Here are 6 ways that can deliver on your talent needs:  

  1. Create Visibility

Smart people want to work with other smart people. Putting your best foot forward at industry networking events will allow you to attract experienced professionals. In addition, attending events like the Singapore FinTech Festival will allow you to interact with professionals you could potentially hire.

Creating visibility through marketing and promotion will help attract candidates who align with your organisation’s goals and projects. The unique advantage you have as a start-up is that your organisation is nimble compared to larger employers. Projects move at a faster pace and employees can see the fruits of their labour first-hand.

  1. Catch Them Young

Partner with schools and universities to get access to young, ambitious learners. Students can progress from academic work to paid internships to full time positions, thus allowing you to create a pipeline of talent. For example, National University Singapore (NUS) provides classes on blockchain technologies and has collaborated with IBM on a curriculum for distributed ledger technologies.

Apart from on-campus courses, online training courses and academies are also providing education in these domains. Almost 10% of all recently trained AI talent in 2017 was educated by an online learning platform. Keep in mind that many potential candidates will be experienced professionals looking to switch to newer and more in-demand technology.  

  1. Go Back to School

Consider collaborations with academic R&D professionals on specific projects or initiatives. It isn’t just students you should think about recruiting, universities are a ready source of talented and experienced experts working as professors or academic staff. Many of these researchers and teachers moonlight by taking up additional projects. For instance, Yann LeCun runs New York University’s Center for Data Science and is also Facebook’s Director of AI Research.

In Singapore, the National Additive Manufacturing Innovation Cluster,

  1. Monitor Local Initiatives

Identify local government initiatives to develop competence in these domains. Such initiatives provide an opportunity to hire experts or novices interested in these domains.

For example, AI Singapore launched two initiatives in 2018, AI for Industry (AI4I) and AI for Everyone (AI4E). Together these initiatives will educate 12,000 Singaporeans over the next three years on the subject. AI4I will provide 2,000 technically competent candidates a three-month foundation course on developing basic AI and data applications to prepare them for future job opportunities.

Another interesting initiative is a blockchain incubator programme called LongHash Hatch, which was launched in Singapore in January, 2019. The 12-week long programme aimed to turn five blockchain projects into minimum viable products for testing in the market. It is an international blockchain incubator that has offices in various countries like Singapore, Tokyo, Hong Kong, etc.

  1. Six Ways to Hunt for Top Talent

    With the applications of Artificial Intelligence (AI), Internet-of-Things (IoT), and Blockchain (BC) on the rise, hiring workers these skills sets are getting harder. In AI alone, there are only about 300,000 trained professionals worldwide, but millions of roles that have yet to be filled. An IDC report suggests that almost 30% of global IT jobs will go unfilled by 2022. As a result, salaries and benefits are becoming increasingly competitive and recruiting in the industry is becoming increasingly aggressive. The best talent is quickly scooped up by large, established players like Amazon, Accenture, Infosys, etc. so what's a start-up to do?

    The good news is that APAC has homegrown talent and the future looks bright. According to a LinkedIn report, India, Australia, and China are major sources of talent, with Singapore and Malaysia not far behind. As a start-up, how can you attract the best talent and where should you look? Here are 6 ways that can deliver on your talent needs:  

  2. Create Visibility

 

Many established technology and professional service firms offer AI, IoT, and blockchain as a service. If these are not your core areas of expertise, you could choose to outsource in order to get the best quality solution. Outsourcing will give you access to qualified teams without the cost of expanding your team permanently. With the global skills gap, it may be faster to go down this route rather than wait for months or years to hire the right people.

One example of a firm with highly qualified experts is Element.ai that has in-house AI specialists and an academic network of more than 20 leading researchers.

Is your startup ready to capitalize on this opportunity? Find out how you can ease the recruitment process as well as how to attract and retain the right talent by connecting with our Community on the Interchange Network and discuss the possibility of an intelligent future in Industry 4.0!

 

 

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