Hiring confidence improving

by 08 Jul 2009

The outlook has brightened for the Singapore economy with news that more employ ers are expecting to return to the hiring table over the next three months, according to Manpower’s quarterly employment outlook survey.

Of the 697 employers considered for the third-quarter update, 12 per cent expect ed to see an increase in their headcounts. A further 7 per cent predicted a decrease in staff while the remaining respondents said that they expected there would be no change in the third quarter.

Philippe Capsie, country manager of Manpower Singapore, said this represented a significant turnaround on the group’s second-quarter survey. In that time period, more employers had said they expected to reduce headcount than increase it.

“While there is no quick fix in this current economy downturn, employers’ hiring con fidence is improving,” he said. “Most employers are saying they will retain present staff in the third quarter, indicating that the worst may be behind us.”

The survey considered seven industry sectors. Of these, four (including manufactur ing, finance and construction) predicted negative employment growth overall. In contrast, modest growth was predicted for the transportation, utilities and retail trade sectors.


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