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Singapore – Recruitment expected to remain stable

25 September 2013

Staffing numbers for the second half of 2013 are anticipated to remain stable in Singapore, according to 55% of employers surveyed by Michael Page. Of the companies that are expecting to maintain headcount, 50% are likely to increase staff numbers in 12 to 18 months’ time.

During the second half of 2013, 35% of surveyed employers in Singapore are expected to increase staff numbers, with 45% anticipated to boost headcount by up to +5%. A third of those surveyed are likely to increase staff numbers by between +10% and +15%. Over half (56%) of surveyed employers will focus their hiring activity at the mid-level.

The Michael Page Singapore business observed that a number of factors have led to companies increase the likelihood of growing staff numbers over the second half of 2013. This includes positive signs from recovering economies in the United States and Europe lessening hiring freezes elsewhere, Singaporean listed companies growing in the region, multinational companies continuing to set up regional offices in Singapore, and the South East Asia market as a whole being seen as yet to achieve its business potential with opportunities for growth in Myanmar, Indonesia, and Thailand.

In addition, the Michael Page has observed that the support area of companies will be the first to experience an increase in headcount, in particular roles such as HR Business Partner and HR Talent Manager, as well as the IT, finance and sales and marketing functions.

According to half of surveyed employers in the human resources sector (50%), they are most likely to increase staff numbers in the second half of 2013. Michael Page has also observed that hiring is strongest across other sectors including:

  • retail and luxury goods, following openings of new shopping malls,
  • oil and gas and offshore, with natural resources and new oil fields established in the region,
  • property and construction, following an increase in demand for infrastructure (roads, bridges, airports, rail and water pipeline) and the boom in the hospitality sector resulting in resort and hotel development,
  • aviation, following an increase of demand for budget airlines and the city being a hub for the region
  • and shipping, as Singapore’s port continues to be the world’s busiest in terms of shipping tonnage handled and new development in the west.

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