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Hudson: 43% of Singapore employers intend to increase headcount in Q2 2013

F.Y. Teng | March 27, 2013
Manufacturing & Industrial, IT&T, along with Banking & Financial Services have "the strongest intentions to hire," say executives at the HR firm.

Recruitment and talent management firm Hudson released on Wednesday (March 26, 2013) the latest edition of its Hudson Report: Employment Trends, wherein it reveals that although "hiring expectations in Singapore have fallen slightly this quarter, [they] remain high on the back of recent positive economic news in China, encouraging many companies to shift their focus to the development of current and future talent."

According to the authors of the report, "more than four out of 10 employers (43.2%) intend to increase headcount this quarter, and a growing number of employers intend to keep their headcount steady...highlighting the high demand for labour and tight-talent market."

Hudson executives surveyed 324 Singapore employers about their hiring intentions for period April through June 2013 for the report, which also says that the industries "with the strongest intentions to hire" at present are Manufacturing & Industrial, IT&T and Banking & Financial Services.

On another note, they have begun to see a general trend among companies on the island-state pursuing more aggressively their policies to hire Singaporeans ahead of everyone else.

"At a government level, Singapore is serious about developing its resident workforce and most employers are now adopting Singaporean-first policies when recruiting, and the quota for foreign workers is set to decline," said Executive GM at Hudson Singapore, Andrew Tomich. "When it comes to hiring, employers are thinking local, local, local, however increasing restrictions on the available workforce are creating a shortage of suitable candidates in an already tight market."


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