Hiring outlook in S’pore weakens for third quarter in a row as sentiment dips: Survey

The latest fall is driven by finance and real estate employers turning more cautious amid subdued growth and cost challenges.

The net employment outlook for the finance and real estate sector fell by 30 percentage points to 15 per cent, according to results from the latest quarterly employment outlook survey conducted by recruitment firm ManpowerGroup and released on June 11. The figure is up 27 percentage points from the quarter before and 25 percentage points year on year, and is the second-highest figure for the sector in the 42 markets ManpowerGroup surveyed.

While 44 per cent of employers here anticipate hiring more people, 24 per cent anticipate a fall in headcount, and 32 per cent expect staffing levels to remain unchanged. “As flexible working arrangements gain more traction in the country, more companies are likely to consider remote workers to fill the growing discrepancy between workers’ skills and the demands of available jobs,” she added.

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