From the traditional record management system to the AI screening chatbot, human resources tech has progressed by leaps and bounds, growing to become a US$400 billion industry worldwide.
In May, the country’s Minister of State for Manpower, Zaqy Mohamed, announced the formation of the HR Industry Transformation Advisory Panel (HRTAP).
Composed of HR and business leaders, representatives from the industry, and tripartite partners, the entity will build on the governments HR plan, formulate strategies, and lead efforts to further develop the sector in Singapore.
Players like DBS Bank have deployed Jim, a virtual recruiter that helps the company hire wealth planning managers more efficiently.
There are also several local and emerging startups in play, such as HReasily, Swingvy, and StaffAny.
But having said that, Singapore is still a small country vis-a-vis its neighbors.