Talent recruitment is a known issue across the globe for companies, and Singapore is at the top of its game with attracting and maintaining talent.

Singapore ranked second globally in the recently published Global Talent Competitiveness Index, while other Asia Pacific countries lagged behind, with Australia ranking sixth and New Zealand ranking 14th.

With Asia Pacific not well represented in the rankings, companies will have to account for a talent shortfall when expanding into the region. With that being said, a more competitive relocation package may need to be considered to move talent to the needed locations.