A quarter of Singaporean employers are intending to increase payrolls in the fourth quarter of 2013 (Q4 2013), according to the recent Manpower Employment Outlook Survey.
The survey saw the participation of 700 employers in Singapore from seven industry sectors. Hiring prospects are likely to be the strongest in the public admin and education sector, with a net employment outlook of +36 percent. The other six industry sectors reported the following net employment outlook:
- Finance, insurance and real estate sector: +34 percent
- Mining and construction sector: +22 percent
- Wholesale trade and retail trade: +18 percent
- Manufacturing: +16 percent
- Services: +16 percent
- Transportation and utilities: +12 percent
Compared to Q3 2013, the overall hiring intention has improved by 6 percentage points. Linda Teo, country manager of Manpower Singapore, attributed the slight increase to the lack of jobseekers with soft skills. "[While] there is an abundance of talents, many of them lack the soft skills that are increasingly necessary as Singapore becomes even more interconnected to the global marketplace," she said.
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