‘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.
“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.”