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Job seekers can expect this quarter to remain a candidate’s market, as more companies hire senior executives for key roles.
The number of companies planning to recruit at a senior level jumped 7% quarter-on-quarter to 52%, Antal’s Global Snapshot found. Firing levels also remain low in Singapore, standing at 17%.
However Tony Goodwin, CEO of Antal, said many are still remaining cautious, as more organisations continue to feel the pressure to do more with less.
“Listening to reports from our network of offices the feeling seems to be that the sourcing of talent is going through a period of “wait and see”. There is an atmosphere of expectancy, that something, hopefully positive, is about to happen, but in the meantime caution prevails,” Goodwin said.
Locally, the security and defence sector is leading, with 100% of companies surveyed indicating they are currently hiring at managerial and professional levels, with 96% intending to do so this quarter.
Other industries also hiring over the next three months include FMCG (70%), consumer goods (64%), and automotive and aerospace (67%).
However, the construction industry is the most likely to shed jobs this quarter with 63% already doing so and another 63% planning to. A third of the automotive and aerospace sector, as well as 36% of manufacturing are also axing managerial and professional level jobs this quarter.