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Hudson Global’s (HDSN: NASD) Employment Trends report, released today, gives an optimistic outlook for employment in Singapore. Hiring intentions for permanent posts have risen quarter-on-quarter (+5.5%) with 48.7% of employers intending to recruit more staff in the period July to September 2013.
Hudson Singapore General Manager, Andrew Tomich said, “Hiring intentions are at their highest level since Q4 2011, and there is a growing sense of economic confidence in Singapore, which is having a positive effect on hiring.”
Manufacturing and Industrial have reported the strongest hiring intention for permanent staff, with 50.9% of companies responding positively. The Banking & Financial Services sector has remained robust with employers increasingly using temporary staffing to fulfil staffing requirements. The Banking and Finance Services sector roles in high demand are risk control, risk management, and compliance.
“In addition to increased intentions to hire, nearly half of employers (48.7%) expect to keep staff numbers steady, seeking internal efficiencies and productivity grains with their existing team. Where previously headcount was frozen or reducing, we’re now seeing a ‘loosening’ with roles being replaced immediately,” added Mr Tomich.
Staffing Industry Analysts is holding its Contingent Workforce Strategies conference in Singapore from 13-14 November 2013. If you would like to sponsor the event, or if you would like to attend (buyers only), please click this link.