Sep 6, 2010

1 in 4 firms want to hire

THE economy may be slowing as projected but jobseekers in the coming months can draw hope from a new employment survey of 700 Singapore companies.

It shows 25 per cent plan to hire more workers while only three per cent intend to cut their headcount in the last quarter of this year.

So overall, the net employment outlook is a seasonally adjusted 23 per cent, according to findings of a quarterly survey released on Monday by Manpower Staffing Services, the Singapore office of global human resources consultancy Manpower Inc.

This is an improvement on the 15 per cent reported for the final quarter of 2009, reflecting the improved hiring sentiments in the wake of the rebound in Singapore's economy. However, when compared to other Asia-Pacific countries, the optimism of Singapore bosses rank behind those of China (47 per cent), Taiwan (40 per cent), and India (38 per cent).

In all, Manpower polled 62,000 employers in 36 countries and territories.

For Singapore, it surveyed 699 companies in seven industry sectors. Of these, 7 out of 10 companies plan to maintain their staff strength, with two per cent saying they are unsure.

- The Straits Times

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