Industries across the world are seeing a "rebalancing" of the labor market as the surge of hirings caused by the pandemic begins to ease off, experts have warned.
A senior LinkedIn executive has revealed that between 2020 and 2021, the world saw a 40% increase in recruitment across all industries - however this growth has levelled off significantly between 2021 and 2022.
Speaking at a panel discussion entitled "Talent, Culture and Purpose" at Stack 2022, a developer conference organised by GovTech, Singapore's digital transformation agency, Frank Koo, head of Asia, talent, and learning solutions at LinkedIn, noted that there was "a huge difference" in the job market between the two years.
"It's a confusing time...the talent acquisition market for tech is refocusing," Koo noted, "it's really a rebalancing of the industry."
Fears of a so-called "great resignation", as workers across the globe left their jobs having ...
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