Modest Hiring Expected In Singapore During 2Q 2017

Jun 3, 2017

A moderate pace of hiring is expected in Singapore during 2Q 2017.

ManpowerGroup surveyed 700 managers to find that 13 percent noted a rise in their staffing levels during the second quarter, with 5 percent expecting a decline and the remaining 81 percent anticipating no change.

Singapore’s “net employment outlook,” or percentage of employers expecting to increase their recruiting minus the percent noting a drop in employment, is at +8 percent for 2Q 2017.

This is after adjusting for seasonal factors and indicates that second-quarter hiring intentions will keep fairly stable quarter-over-quarter. However, when contrasted with hiring from a year ago, the net employment outlook shows a 2-percent dip.

According to ManpowerGroup’s Linda Teo:

Hiring sentiment is moderate, as the market remains clouded in uncertainty with the election of Mr. Trump as U.S. president and the U.S.’s withdrawal from the Trans-Pacific Partnership…In general, companies will definitely still need to hire but many of them lack the budget for permanent headcounts and are thus using agency contracting as a workaround.”

The research shows a mixed report from industry to industry. The following sectors indicate weaker hiring compared to the previous quarter:

  • Manufacturing
  • Finance
  • Insurance
  • Real estate

On the other hand, these sectors have indicated an intention to increase their staff:

  • Public administration
  • Education
  • Transportation
  • Utilities

The public administration and education sectors boast the most aggressive net employment outlook of +17 percent. Real estate, finance and insurance follow with a +16 percent outlook.

The only sector anticipating a negative net outlook is wholesale trade and retail (-1 percent). After the busy seasons of Christmas and Chinese New Year, demand is down for employees in this sector.

Over the Asia-Pacific region as a whole, quarter-over-quarter growth shows a falling net employment outlook in three markets, neutral growth in four and improvement in the last market.

Taiwan’s jobs forecast is the most upbeat for the second quarter in a row, both within the region and globally. China’s prospects remain the weakest, with four straight quarters of decline.

  About The Author  

Michelle has years of experience as a multi-lingual lecturer/trainer and has worked with clients such as Marina Bay Sands, Resorts World Sentosa, Comfort Transportation and Nanyang Technological University. She has attained an impressive array of academic qualifications, including a Master of Science in Industrial Psychology and Management, Bachelor of Arts in Linguistics, Professional Diploma for Teachers and Trainers, Associate Degree in Japanese Linguistics & Culture, and a Diploma in Mass Communication.

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