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SINGAPORE: Employers in Singapore continue to report strong hiring intentions for the second quarter of the year.
The latest employment outlook by recruitment services firm, Manpower, across seven industry sectors found employers anticipating increasing headcount.
The public administration and education sector was the most bullish in hiring plans.
Strong headcount growth is forecast for sectors such as mining and construction, finance, insurance and real estate, and wholesale trade and retail trade. Manufacturing sector employers are also anticipating solid headcount growth.
Of some 700 employers interviewed, 28 per cent expect to increase headcount, four per cent anticipate a drop, while 67 per cent foresee no change to their workforces.
Manpower Singapore country manager, Peter Haglund, said this is the fourth consecutive quarter in which employers are reporting positive hiring intentions.
This could be an indication that the labour market is returning to sustaining levels of pre-recession employer confidence.
Mr Haglund added that the increase in hiring will drive the competition for talent.
He said that it is, therefore, important for companies to implement good retention and attraction strategies, especially if they do not have such programs in place already.
- CNA/sc
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