5. Consolidation within the commodities sector: Larger commodity MNCs are using the weaker market to acquire smaller businesses, resulting in a reversal of the fragmentation that has formed over the past decade. In 2016 these MNCs will recruit new talent to help consolidate their operations.
6. Focus on internal controls / compliance: The costs of being non-compliant have increased exponentially, both from a regulatory point of view as well as from a reputational damage point of view. Companies across all industries will therefore continue to focus on ensuring both internal and external procedures comply with laws and regulations.
7. Innovation: Businesses will not only have to embrace innovation from a talent acquisition perspective but to deliver the best talent to their stakeholders. In 2016, expect HR leaders to seek to get ahead of their competitors and lead, not just follow, when it comes to harnessing technology in their talent acquisition strategy. Talent acquisition leaders will have to look at proactively identifying new initiatives to differentiate their organisations in the market in the continued search for their industry's most talented individuals.
- See more at: http://sbr.com.sg/hr-education/commentary/singapores-top-10-talent-trends-2016#sthash.vmlZvw7N.dpuf