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Manpower Singapore: All key sectors expect to increase payrolls in Q2

F.Y. Teng | March 12, 2013
Public Administration & Education, and Services should lead the way.

The Singapore office of global human resource (HR) firm ManpowerGroup, Manpower Singapore, officially released on Tuesday (March 12, 2013) detailed results of the Singapore portion of its Manpower Employment Outlook Survey. They report "upbeat hiring intentions" among employers in Singapore-24 percent of whom expect to increase staffing levels, "7 percent anticipating a decrease and 64 percent forecasting no change."

Using the measure of "Net Employment Outlook" figures-which are "derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting to see a decrease in employment at their location in the next quarter"-executives at Manpower Singapore evaluated the status of hiring in the main industries/sectors, as well as in the country.

According to the authors of the Manpower Singapore report, Singapore has the Net Employment Outlook figure of +17% for the second quarter of 2013, and generally employers across the seven sectors of its economy expect to increase their hiring levels during the same period.

Public Administration & Education (with the Net Employment Outlook of +38%) and Services (+37%) appear to have "the most optimistic hiring plans."

"Elsewhere," they said, "an active labour market is anticipated in the Finance, Insurance & Real Estate sector, where [Net Employment] Outlook stands at +23% and cautiously optimistic hiring intentions are reported in both the Manufacturing sector and the Wholesale Trade & Retail Trade sector, with [Net Employment] Outlooks of +10% and +9%, respectively."

The remaining two sectors covered by the survey are also expected to see increases, albeit comparatively modest ones: Mining & Construction as it stands today has the Net Employment Outlook score of +8%, and Transportation & Utilities +4%.

 

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