, Singapore
434 views
Source: Deca Zafra (Pexels)

‘Strong’ hiring market expected in Q2

More than 40% of employers in Singapore plan to increase their headcount. 

Singapore is expected to see a “strong” hiring market with around 42% of employers in the Lion City planning to increase their headcount between April and June. 

In its Employment Outlook Survey, ManpowerGroup Singapore found that 15% of the 510 employers surveyed anticipate a decrease, whilst the remaining 42% do not expect any changes. 

This led to a net employment outlook of +27%, strengthening by 2 percentage points year-on-year, but down by six points quarter-on-quarter.

Read more: ONE Pass visa faces delicate balance between talent attraction and salary pressures

“Strong business performance for the last year and bullish business forecast is driving hiring demand in the oil and gas industry. At the same time, with Singapore moving towards greener energy sources and greater investments in renewable energy, companies in the Energy &  Utilities sector are also hiring to beef up their green energy and green tech capabilities,” Linda Teo, Country Manager of ManpowerGroup Singapore, said.

“Despite the recent layoffs by big tech companies, demand for individuals with IT and data skills remains strong across industries. Individuals with expertise in cybersecurity, user experience, database management and workplace process automation are highly sought after by companies.”

 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Sasseur REIT extends sponsor loan maturity
The agreement extends the maturity of the sponsor loan from March 2025 to March 2030.
Markets
GuocoLand to redeem $400m perpetual securities
The securities were issued under the group’s $3b multicurrency note programme.