RECRUITMENT
Singapore – Singapore's labour market is likely to remain active as hiring forecasts remain optimistic, according to the latest Manpower Employment Outlook Survey.
Of the 703 employers interviewed by Manpower Singapore across seven industry sectors in Singapore, a majority 67% foresees no change in headcount, while 28% expects to hire. Only a small 4% anticipates a decrease in headcount.
Country manager of Manpower Singapore, Peter Haglund, said that the local labour market is showing signs of regaining pre-recession employer confidence. Employment growth can also be expected in the second quarter of the year. Despite a small hiring decline in the Finance, Insurance & Real Estate sector, as well as in the Services and Mining & Construction sectors, there is definitely a general increase in employment as compared to the first two quarters of 2009.
The net employment outlook is the most optimistic in the public administration and education sector, which achieved a positive 41% in survey results. This is followed by Mining & Construction (+25%), Finance, Insurance & Real Estate (+23%), Wholesale Trade & Retail Trade (+23%) and Manufacturing sector (+22%).
Hiring movements are strongest between April and June 2010 in India, Taiwan, Australia and Singapore, according to the interviews conducted across the Asia Pacific region. With the exception of Japan, where the employment outlook is -1%, a positive hiring movement is projected to occur in most countries.
The employment pace is expected to remain brisk in India and Taiwan, particularly in the Services and the Finance, Insurance & Real Estate industry sectors. Meanwhile, the seasonal boost that normally occurs in Japan will most likely not occur in the second quarter of 2010.
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