【Singapore News】One in five Singapore employers to increase hiring in new year: survey

2020-12-09



Job seekers can look forward to better hiring prospects in the new year, with a survey revealing one in five Singapore employers expects to increase recruitment.

Around 20 per cent are likely to hire more staff in the first three months of 2021 than in the current quarter, said the employment outlook survey released on Tuesday (Dec 8) by recruitment agency ManpowerGroup.

Meanwhile, 66 per cent said they anticipate no change to their headcounts, while 4 per cent said they expect a decrease in their total employment.

Overall, the net employment outlook is a 15 per cent increase -- a 17 percentage point rise from the last quarter, and the strongest outlook recorded for Singapore in six years by the quarterly survey.

Compared with the six other Asia-Pacific countries and territories where the same survey was conducted, Singapore recorded the second strongest net employment outlook after Taiwan (23 per cent).

Hong Kong had the poorest outlook (minus 2 per cent), while China, Japan and India recorded positive net employment outlooks of between five and 10 per cent.

The net employment outlook is calculated by subtracting the percentage of employers who expect to see a decrease in employment from the percentage of employers who anticipate an increase in total employment.

Hiring outlook was positive in all seven sectors surveyed, but strongest in mining and construction, the services sector as well as transportation and utilities.

This reflects the changes in consumer behaviour as a result of Covid-19, where more people are shopping online and companies have expanded to e-commerce, said Linda Teo, country manager of ManpowerGroup Singapore.

"To meet these increased demands, logistics companies are ramping their hiring to fill business, commercial, technology and operational roles," she said.



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