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Hiring prospects in Singapore to soar

Uncover and learn about complex HR innovation tools and strategies at Accelerate HR from Thailand's largest employers including Agoda, DKSH, Fonterra, FWD, Kasikornbank, Minor Food, Nissan Motor and more.
Happening in Bangkok on 26-27 November, group discounts when you bring your team.

There is good news for both employers and job seekers, as this year’s local Q4 hiring prospects are among the strongest globally.

A quarter of 700 workers surveyed by Manpower said they expect to see an increase in hiring, with only 4% predicting a decrease.

With 65% of employees expecting no change in hiring intentions, the net employment outlook for the next three months stands at 21%, and 20% when seasonally adjusted.

“Employers report a quarter-over-quarter improvement of 6% points and the outlook is also 2% points stronger when compared with 4Q 2012,” the report said.

Sectors with the strongest hiring expectations are finance, insurance and real estate (36%); and public administration and education (34%). The two sectors also had the highest improvements of 22% and 21% respectively.

However, the transportation and utilities sector was the weakest, with job prospects of only 12%, and 9% when seasonally adjusted.

Among 42 economies and cities, Singapore came in fourth behind India, Taiwan and Panama, which had outlooks of 40%, 37% and 24% respectively.

Among countries in Asia Pacific, the outlook in Australia (3%) reached its lowest level in more than four years.

Globally, the weakest hiring intentions came from Italy (-17%), Spain (-7%) and Finland (-6%).

“Overall, it appears that employers are carefully considering their options, and many are evidently prepared to adopt a wait-and-see attitude toward further hiring until they see clearer resolution to ongoing uncertainty in the marketplace,” the report said.

Human Resources Online is heading to Bangkok with the Accelerate HR conference on November 26-27.
HR leaders from Agoda, DKSH, Fonterra, FWD, Kasikornbank, Minor Food, Nissan Motor and more have already confirmed to speak.
Bring your team for additional group discounts.

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