79% OF COMPANIES IN SINGAPORE BELIEVE AI WILL IMPACT CYBER SECURITY HEADCOUNTS IN NEXT 5 YEARS
55% of companies looking to train their workforces on AI tools in two years
Singapore, 1 April 2024 – Hays, the global leader in workforce solutions and specialist recruitment recently released the Hays Global Cyber Security Report 2024 which was completed in late 2023 and features insights from over 1,000 cyber security leaders, from across 47 countries. The report explores how cyber security leaders are currently approaching recruitment and retention strategies for qualified cyber security staff, as well as the anticipated impact of AI, and their organisations investment plans.
Among respondents in Singapore, 79% expressed the belief that AI will impact headcount in the next 5 years, higher than the global average of 56%. In a separate poll conducted across 6 weeks in late 2023, 36% of employees in Singapore expressed concerns that their company was not embracing AI sufficiently to stay relevant. To date, 11% of organisations have no plans to train their staff on AI tools. This number is slated to improve in the next two years as 55% of companies are exploring plans to train their staff within this period.
John Borneman, Regional Director at Hays Singapore, commented on the report, “Cyber security experts globally are preparing for the influence of AI on their capacity to continue functioning efficiently. As criminals gain access to evolving tools that heighten their threat capacities, so too will companies need to adjust their security toolkits to respond.”
When it came to attracting talent, only 28% of respondents in Singapore rated their ability to attract talent positively, compared to 39% worldwide. 35% of professionals had not been offered a salary increase in 2023, compared to 44% worldwide, and 89% of professionals were ‘Extremely’, ‘Very’ or ‘Moderately’ concerned about cyber security budgets in 2024, compared to 72% worldwide.
Much like previous years, leaders will need to find a suitable balance between balancing tight budgets and acquiring the necessary cyber security talent,“ said John. “Seek out alternate talent pathways and ensure that your Employee Value Propositions today align with the needs of professionals in the market.”
The Hays Global Cyber Security Report 2024 can be downloaded here.
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Contact
For more information contact:
Hays Singapore Marketing Team
E: marketing@hays.com.sg
E: marketing@hays.com.sg
About Hays Singapore
Hays Specialist Recruitment Pte Ltd, Singapore ("Hays Singapore") is one of Singapore's leading
recruitment companies in recruiting qualified, professional, and skilled people across a wide range of industries and professions.
Hays has been in Singapore for over a decade and boasts a track record of success and growth. We operate across the private and public sector, dealing in permanent and contract positions, and workforce solutions such as recruitment process outsourcing (RPO) in the following specialisms: Accountancy & Finance, Banking & Financial Services, Engineering, Human Resources, Legal, Life Sciences,Marketing & Digital, Office Professionals, Procurement, Supply Chain, Sales and Technology. We continue to strengthen our position in Asia with the world-leading ISO 9001:2015 certification in all our operational markets including Singapore, China, Hong Kong SAR, Japan, Malaysia, and Thailand.
About Hays
Hays plc (the "Group") is the world’s leading specialist in workforce solutions and recruitment, such as RPO and MSP. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK, Germany and Australia and one of the market leaders in Continental Europe, Latin America and Asia. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 31 December 2023, the Group employed over 12,300 staff operating from 249 offices in 33 countries. For the year ended 30 June 2023;
– the Group reported net fees of £1,294.6 million and operating profit of £197.0 million;
– the Group placed around 76,800 candidates into permanent jobs and around 245,000 people into
temporary roles;
– 15% of Group net fees were generated in Australia & New Zealand, 30% in Germany, 21% in United
Kingdom & Ireland and 34% in Rest of World (RoW);
– the temporary placement business represented 57% of net fees and the permanent placement
business represented 43% of net fees;
– Technology is the Group’s largest division, with 26% of net fees, while Accountancy & Finance (15%)
and Engineering (10%), are the next largest
– Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Chile, China,
Colombia, the Czech Republic, Denmark, France, Germany, Hungary, India, Ireland, Italy, Japan,
Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Romania, Singapore,
Spain, Sweden, Switzerland, Thailand, UAE, the UK and the USA