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With the festivities of the first quarter over, organisations are getting down to business and showing stronger hiring intent in the second quarter.
Singapore’s net hiring outlook is a positive 17% for Q2 2013, ahead of last quarter’s 12%, the Manpower Employment Outlook Survey showed.
“As organisations take on expansion plans in the APAC region, opportunities for job seekers here brighten with 24% of 647 employers in Singapore indicating that they intend to increase headcount,” Linda Teo, country manager of Manpower Singapore, said.
“However, with tighter foreign worker policies, this will continue to put a squeeze on the manpower crunch.”
The strongest hiring intents were within the public administration and education and service sectors, with seasonally adjusted outlooks of +38% and +37%, respectively.
Teo said three quarters of job availabilities stem from the services sector, and “persistent talent shortages” will force companies to take on a long-term view when planning workforce strategies.
However, this quarter isn’t rosy for all sectors – four out of the seven main sectors in Singapore reported weaker hiring prospects.
The mining and construction industry reported a drop of 12%, and those in the transportation and utilities sector reported an 8% decrease. Other sectors that reported a drop were the manufacturing and wholesale trade and retail trade sector, both with a drop of 2%.
Globally, the survey found many leaders are still taking a “wait and see” approach to recruitment, with Brazil, Taiwan, Turkey and India showing the strongest hiring intent, and Italy, Spain, Greece and the Netherlands the weakest.
Regionally, hiring intent is expected to remain strong in Taiwan, China and Japan, but Australia’s outlook is the lowest it has been since Q3 2009.