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Candidate confidence has increased to 60% in July 2013, up 11% from December 2012.
The JobStreet.com Job Outlook Report also found overall job growth remains steady in the second half of this year with 48% of Singaporean employees remaining confident things will pick up from the first half.
However, this confidence may spell trouble for employers – 83% of 422 Singaporeans said they are planning to switch jobs in the next six months, and identified salary as the biggest decision-making factor.
But even though the market seems to favour employees, they will still have to compete for jobs as companies are still facing the challenge of hiring the right talent.
“In a tight labour market, both candidates and employers tend to become more choosy. Candidates in tight markets are often presented with many options and take their time to select the best one that suits them,” Chew Siew Mee, head of sales for JobStreet.com Singapore, said.
“On the hiring side, firms put more effort in finding suitable candidates as mistakes can cost them more in a tight labour market. Hence, it is still important for candidates to find a way to stand out from the crowd.”
Employers were also having problems in finding candidates with reasonable salary expectations, as often job seekers would ask for a higher salary than their experience level can justify.
Additionally the most sought after specialisations in the second half of this year are sales and marketing (44%), engineering (44%), administration (32%), customer service (14%) and accounting and finance (14%).