A recent employment outlook survey by ManpowerGroup Singapore found that more than 40% of Singapore employers are planning to hire more people. The Lion City is expected to have a “strong” hiring market between April and June.
Employment Outlook Survey Findings
Out of the 510 employers polled, 15% expect their headcount to drop, while 42% say they won’t make any changes. This resulted in a net employment outlook of +27%, up 2 percentage points on an annual basis but down 6 points on a quarterly basis.
Reasons for Hiring Demand
Linda Teo, the country manager of ManpowerGroup Singapore, said, “Strong business performance for the last year and a bullish business forecast are driving hiring demand in the oil and gas industry. At the same time, with Singapore moving towards greener energy sources and greater investments in renewable energy, companies in the Energy & Utilities sector are also hiring to beef up their green energy and green tech capabilities.”
The demand for IT and data skills
Despite recent layoffs at some major tech companies, there is still a high demand across all industries for individuals with IT and data skills. Companies are actively looking for people with expertise in workplace process automation, database management, and cybersecurity.
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The job market in Singapore is looking good, with most employers planning to keep the same number of workers or add more. The demand for IT and data skills is also strong, despite recent layoffs in the tech industry. Companies in the Energy & Utilities sector are hiring to develop their green energy and green tech capabilities. With the positive hiring market in Singapore, job seekers can look forward to potential employment opportunities.
