These are the main findings from the latest Hudson report, of hiring expectations for jobs in Singapore:
- Positive hiring intentions in Singapore have decreased by 4.3pp to 39.5% this quarter, the second consecutive quarter to see a decrease in intentions to hire for jobs in Singapore
- The number of employers looking to decrease headcount has risen 2.9pp to 7.3%
- The majority of employers surveyed (53.2%) are keeping headcount steady, up 1.5pp to 53.2%
- The Banking & Financial Services sector is the only sector to see an increase in positive hiring intentions this quarter, up 7.4pp to 50.0%, its highest result since Q2 2011
- Positive hiring intentions for all other industries decreased, with the most substantial drop seen in the Healthcare & Life Sciences sector, down by 17.9pp, moving from the most confident sector last quarter to the least confident this quarter
- 43.2% of employers surveyed in the Consumer sector are looking to increase headcount, down 5.7pp, with 48.6% intending to keep headcount steady
- Across all sectors except Banking & Financial Services, the number of employers looking to decrease headcount has gone up in comparison to last quarter’s results.
Amit Puri - Managing Consultant, Sandbox Advisors
Amit is an experienced career, business and HR professional. Previously, he has worked with organisations such as Bain & Company, Morgan Stanley and Citigroup. Amit has advanced degrees/qualifications in Career Counselling, Organisational Psychology & HR, Occupational Psychometrics, Career/Life Coaching & Business.
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