Singaporeans appear to be falling behind in the global momentum towards Generative AI (GenAI) adoption, according to findings from the Decoding Global Talent 2024 report, released today. The study, conducted by Boston Consulting Group (BCG) alongside The Network, JobStreet by SEEK, and The Stepstone Group, surveyed over 150,000 respondents across 188 countries.
The report indicates that only 53% of Singaporean talent are willing to reskill to remain relevant in an AI-driven world, a stark contrast to the 63% willingness observed across Southeast Asia. Furthermore, 41% of Singaporeans would only consider reskilling if absolutely necessary, compared to just 32% in the wider region.
While 60% of Singaporean respondents have experimented with GenAI, only 43% use it on a monthly basis, matching the Southeast Asian average. Despite Singapore's robust National AI Strategy (NAIS 2.0), a worrying 40% of the talent pool remains unfamiliar with GenAI's capabilities.
Concerns about job security loom large, with only 19% believing that GenAI will not impact their jobs. A significant 22% anticipate major changes that could lead to job transformation or loss, although these figures are slightly lower than the regional average of 29%.
Vic Sithasanan, acting managing director at JobStreet by SEEK, addressed the issue, stating, “AI’s impact is undeniable, and it is essential for both individuals and employers in Singapore to start taking proactive steps in reskilling and future-proofing our workforce.” He emphasised the need for employers to provide clear guidance and accessible learning opportunities to help bridge the skills gap.
The report also highlights that Singaporean talent face challenges in fully utilising GenAI, with 37% citing difficulties in writing prompts and a lack of skills as significant barriers. This figure surpasses the regional average of 33%, suggesting that local workers may require more support to leverage GenAI effectively.
Interestingly, while there is a strong recognition of GenAI's potential to streamline tasks and enhance work quality, only 32% of Singaporeans utilise it for improving deadlines and speed—less than their Southeast Asian (44%) and global counterparts (45%).
As Singapore navigates this pivotal moment in technology, the onus is on employers to foster an environment conducive to skill development. With 51% of talent expressing a need for more guidance on essential skills, and 46% seeking improved learning resources, there lies a significant opportunity for companies to invest in targeted training programmes. In doing so, they can help equip Singapore's workforce for the demands of an AI-driven future.
