A tightening of Singapore's labor market is taking place that might lead to skills shortages, it has been claimed.

This is according to an article by Channel News Asia, which suggested that strong economic growth is boosting the jurisdiction's workforce.

However, the news source warned this is leading to talent gaps in some sectors, including the financial services, biomedical and services industries.

"The buoyant market has prompted more to switch jobs," it declared, but cautioned that international economic uncertainty is continuing to dampen wage growth.

Some firms are implementing talent retention packages that increase pay, the feature continued, quoting union leader Madam Halimah Yacob, who claimed more needs to be done to ensure strong growth of "good-paying jobs" and skills upgrading among native employees.

Recent data from the island's Economic Development Board suggested 2009 saw an additional 1,200 logistics roles created, despite the global downturn, with posts including those for supply chain management experts and research engineers.

Posted by Sarah Dixon