SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

Singapore job ads on the decline



Gathering 50 top regional chief HR and senior business leaders at a three-day business retreat forum, the exclusive HR Innovation Leaders' Summit will happen from September 9-11. Get involved.

Singapore was the only country in the Asian region to show a drop in professional job ads for Q1 this year.

According to the Robert Walters Asia Index Q1 2013, Singapore showed a slight decline of 0.7% quarter-on-quarter, while the regional average stood at +4%.

Mark Ellwood, managing director of Robert Walters Southeast Asia, said recruitment efforts here might be affected by the strength of the Singapore dollar.

The Singapore dollar has resulted in low-margin businesses choosing to base their hub in Malaysia rather than Singapore, with the demand for HR roles in Malaysia growing as much as 26.7% quarter-on-quarter, and that for consultants and analysts jumping up 29.5%.

“It is also important to remember that the Chinese New Year holidays would have had a depreciating effect on advertising activity, so Q2’s advertising figures should give a clearer indicator of recruitment demand,” he said.

However, while the high local dollar may put off some, it has help drive job advertising for property management roles up by 11.9%.

Toby Fowlston, managing director of Robert Walters Singapore, said as Singapore moves further up the value chain, it will continue to attract high net-worth individuals, hence also driving up demand in areas such as accounting and finance (4.1%), and medical services (6.1%).



Boost your team morale and showcase your team's achievements at the HR Excellence Awards. Benchmark yourself with the industry. View the categories and find out more.

Read More News

Trending

Leave a Reply

You must be logged in to post a comment.