March 19, 2019

Hiring intentions for employers across Singapore in Q2 2019

14 March 2019, 11:10 | Joann Bryant

Hiring forecast 'cautiously optimistic', but most Calgary businesses don't plan to expand

A help wanted sign

Besides the 31 percent of employers expecting their staffs to grow in the next quarter, 63 percent foresee no change and 4 percent are anticipating a reduction.

Industry sectors. Employers in all 13 national industry sectors forecast an increase in payrolls during the second quarter. "The remaining four per cent are unsure of hiring intentions". This is the seventh consecutive year of double-digit hiring Outlooks in the US, according to the survey of more than 11,500 USA employers. Employers in Professional & Business Services have a +23% employment Outlook fueled by growing demand for knowledge workers with the right balance of human strengths including communication and collaboration and technical capabilities from coding to data analytics.

The Net Employment Outlook is 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.

Manpower said that a boom in the jobs market was coming to an end as hiring by finance and business services firms had suffered its "least optimistic year since the depths of the financial crisis".

Overall, hiring intentions strengthened in five of the seven industry sectors when compared with the previous quarter, most notably the services sector, which improve by 7ppt. Meanwhile, Free State employers report an improvement of 6 percentage points. Hiring prospects declined 4ppt in the manufacturing sector.

Hiring activity in Singapore is expected to remain modest in Q2 2019, with employers reporting a seasonally-adjusted net employment outlook of +11%.

It was one of the two sectors that have weaker hiring prospects in the upcoming quarter. In addition, the public administration, manufacturing, and finance, insurance and real estate sectors are also seeing healthy hiring prospects with net outlooks scoring between 14 and 16 percent.

Employers said they expect spring hiring levels to be unchanged in construction, transportation and utilities, and wholesale and retail trades.

"The best candidates will often have the pick of a number of different jobs or temporary assignments at any one time; in a battle to attract and hold on to top talent, employers must ensure their salaries and benefits packages are in line with or exceed the trends in the region", Mr Greaves added. "It is also a five percentage point decrease from the Outlook reported during the same time a year ago, indicating a flat hiring pace for the upcoming months".

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