Hudson Report - Q2 Hiring & Employment Trends in Singapore

More than half (54%) of employers in Singapore polled are expecting a headcount growth in the second quarter of this year, a jump from the 20% surveyed in the same period last year.

According to a quarterly Hudson report, conducted among 564 executives, there is a 3% increase from the 51% of respondents who reported a growth in employment in the first quarter of this year.

The banking and financial services sector maintained the highest expectations (65%) for this quarter, despite a slight dip from 69% polled in the previous quarter.

On the other hand, 53% of employers from the healthcare and life sciences sector are expecting more hires this time, an increase from the 30% in the previous quarter. Similarly, 53% of manufacturing and industrial companies reported an expected growth, a jump from 40% in the first quarter. Almost a third (31%) in the consumer sector is expecting growth, an increase from 24% surveyed in the first quarter.

The information technology sector has experienced a decline in hiring expectations as compared to the first quarter but managed to maintain an increase of 30% compared to the 22% in Q2 last year.

The media, public relations and advertising sectors have experienced a fall too in hiring statistics, from 46% in Q1 to 36% this quarter.

Sources and References: HRO, Hudson

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