Seven industry sectors in Singapore slash hiring intentions for 2012

Read this before you go out looking for a job.

According to Manpower Group's Employment Outlook Survey, employers in all seven industry sectors expect to increase staffing levels during Quarter 4 2012. The most optimistic hiring intentions are reported in the Public Administration & Education sector, with a Net Employment Outlook standing at +29%.

Employers report upbeat hiring prospects in the Finance, Insurance & Real Estate sector and the Mining & Construction sector, with Outlooks of +20% and +18%, respectively. A steady hiring pace is forecast in both the Manufacturing sector and the Wholesale Trade & Retail Trade sector, with Outlooks of +15%.

Quarter-over-quarter, Outlooks weaken in five of the seven industry sectors. The most noteworthy declines of 14 and 10 percentage points are reported by employers in the Transportation & Utilities sector and the Public Administration & Education sector, respectively.

The Mining & Construction sector Outlook decreases by 7 percentage points and a 4 percentage point decline is reported in the Manufacturing sector. Meanwhile, employers report stronger Outlooks in two sectors, including the Finance, Insurance & Real Estate sector where the Outlook improves by 3 percentage points.

Year-over-year, employers report weaker hiring intentions in all seven industry sectors. The Services sector Outlook declines by a steep margin of 25 percentage points. Elsewhere, Outlooks weaken by 18 and 14 percentage points in the Transportation & Utilities sector and the Finance, Insurance & Real Estate sector, respectively. The Mining & Construction sector Outlook declines by 12 percentage points and Public Administration & Education sector employers report a decrease of 11 percentage points.

Also Read

Four in 10 S’poreans say superiors recognise importance of payments

1 in 2 workers comfortable discussing mental health with mgmt: survey

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!

I want to download the media kit