Singapore – Fewer employers plan to increase hiring in 2017

By memberservices@staffingindustry.com (Danny Romero)

According to a survey from international recruitment firm Michael Page, 36% of employers in Singapore are planning to increase hiring next year, down from 49% in 2016.

Michael Page states that the decrease in hiring is a reflection of the current uncertain economic climate in Singapore. Meanwhile, 57% of companies indicated they plan to maintain headcount in 2017 while 7% said they would cut staffing. Hiring is expected to be dominated by the digital, technology and healthcare sectors.

“Digital, technology and healthcare are likely to be the country’s fastest-growing industries due to the Government’s pledged efforts to boost investment in these sectors. As a result, employers across these three sectors are likely to continue hiring actively, though recruitment efforts will largely focus on filling niche roles,” Anthony Thompson, regional managing director of Greater China, South East Asia & India at Michael Page.

These niche technical requirements, combined with requests from hiring managers for solid industry experience, are likely to result in fierce competition for a limited pool of talent next year, the report said.

Source:: Staffing Industry Analysts Daily Newsfeed