The global competition for tech talent
Singapore’s Economic Development Board (EDB) has announced a new scheme, dubbed the “Tech.Pass”, where talent with significant leadership experience in tech companies or product development will be welcome to locate in Singapore.
A recent report by The Business Times pointed to a severe talent gap in cybersecurity in Singapore. Even more significant is that the Asia-Pacific region has an estimated 2.6 million cybersecurity workforce gap.
Singapore will face tough competition as cities around the world fight tooth-and-nail to lure the crème de la crème of the talent pyramid. The pandemic presents a short time window where there will be great demand for scarce talent across many locations.
Established economies like Australia, France and United Kingdom have similar talent schemes, some of which are more aggressive than Singapore’s.
Australia’s Distinguished Talent Visa offers permanent residency. France’s Tech Visa programme does not require local options be exhausted before a position is filed by a foreigner. And the United Kingdom’s Global Talent Visa, with its five-year term, can be extended to immediate family members. From a practical angle, tech talent may wish to pivot to localities that have done well in combating the coronavirus outbreak and keeping infection numbers under control.
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Winmark NED network partner Silicon Valley Bank (SVB) have collected personal stories from top finance and tech professionals providing rich lessons on how to navigate rapid growth.
Their latest Growth Story is from Mimecast CEO Peter Bauer who takes us through his experiences of starting the company in 2003 and growing it to its current position with 12 global offices and over 38,600 customers in more than 100 countries.
COVID-19 Economics Monitor
This resource, updated weekly, provides the latest charts and data on economics including a GDP growth forecast for key international markets.
It provides a succinct, easy-to-navigate guide to the latest global developments and market confidence about the speed and scale of the global recovery.