, Singapore

Chart of the Day: Find out which sector has the highest hiring appetite in 4Q13

All sectors eye boosting headcount.

According to the latest Manpower Employment Outlook Survey, employers in all seven industry sectors expect to grow staffing levels during 4Q 2013. 

The most optimistic hiring intentions are reported in the Finance, Insurance & Real Estate sector and the Public Administration & Education sector, with Net Employment Outlooks of +36% and +34%, respectively.

Here's more from the report:

Mining & Construction sector employers report an Outlook of +18% and the Services sector Outlook stands at +16%. Steady hiring activity is also forecast in two sectors with Outlooks of +13% - the Manufacturing sector and the Wholesale Trade & Retail Trade sector.

Quarter-over-quarter, hiring plans improve in five of the seven industry sectors. Steep increases of 22 and 21 percentage points arereported by employers in the Finance, Insurance & Real Estate sector and the Public Administration & Education sector, respectively.

Outlooks also improve by 6 percentage points in the Manufacturing sector and by 5 percentage points in the Services sector. However, hiring plans weaken in two sectors, including the Transportation & Utilities sector where employers report a 3 percentage point decline.

Employers in four of the seven industry sectors report stronger hiring prospects when compared with 4Q 2012.

The most noteworthy improvement of 17 percentage points is reported in the Finance, Insurance & Real Estate sector, while hiring plans improve by 6 and 5 percentage points in the Public Administration & Education sector and the Services sector, respectively. Elsewhere, Outlooks weaken in three sectors, most notably by 3 percentage points in the Transportation & Utilities sector.

Based on unadjusted survey data, employers forecast job gains in all seven industry sectors during 4Q 2013. The strongest hiring plans are reported in the Public Administration & Education sector and the Finance, Insurance & Real Estate sector. The Outlook is stronger in six sectors quarter-over-quarter and improves in four sectors year-over-year.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!