Despite MOM's strong hiring outlook for 2018, demand for HR professionals in Singapore has seen only a slight increase
Singapore companies remain cautious about hiring highly skilled HR professionals, even as its counterparts in the Asia Pacific region report varying demands.
Despite MOM’s strong hiring outlook in 2018, Singapore’s job market for HR roles remains stagnant and only saw a mere 2% increase in hiring as compared to 2017. This after seeing no increase or decrease in job postings for HR in the first quarter.
The Philippines however continues to exhibit strong demand for HR professionals with up to 30% increase in hiring in the second quarter of 2018, according to latest figures from Monster Employment Index.
Malaysia on the other hand reported the biggest slump in hiring of HR professionals, with companies posting up to 9% lesser jobs than the same time last year.
“The changing landscape for recruitment strategies and talent management driven by disruptive technologies and shifting skill demands creates both opportunities and challenges where HR’s approach needs to be adaptable,” said Abhijeet Mukherjee, CEO at Monster.com (APAC & Middle East).
“With digital transformation, we are seeing massive changes in companies of all sizes and across industries. It has become increasingly crucial for HR professionals to understand the evolving needs and expectations of businesses.”
There may be no jump in demand for HR professionals, but have there been any changes in salary? According to an annual salary guide by Kelly Services, not really – but pay packages have remained stable and healthy for HR over the past year.