Limited hiring expected in 2nd quarter: Manpower

Mae Love
March 13, 2018

This takes into account that of the 695 employers in Singapore surveyed, 16% of them plan to increase staffing levels in Q2 2018, 5% forecast a decrease, while 72% anticipate no change in hiring plans.

Linda Teo, country manager of ManpowerGroup Singapore, commented: "With the Singapore government announcing their increased support for companies to adopt digital technology and automation in the Budget 2018 speech, we expect more job opportunities with digital functions to be created over the next few quarters".

Sector comparisons Payroll gains are anticipated in nine of the 10 industry sectors during the coming quarter. "It is also a decrease of three percentage points compared with the Outlook report during the same time previous year, indicating a slow hiring period for the upcoming months". Employers in the Mining & Construction sector report a decline of four percentage points year-on-year, as have those in the Manufacturing sector.

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The second-quarter hiring projection is the lowest among the four North Carolina metropolitan statistical areas surveyed. Yet in Western Australia, where mining and construction are integral parts of the state's economy, the employment outlook has increased by two percentage points as the state begins to emerge from a housing downturn over the last 18 months. Employers in Wholesale & Retail Trade report some of the most optimistic Outlooks in more than 16 years as online retail continues to grow and the increase in distribution workers is expected to rise. Hiring plans improve in five countries and territories year-over-year, decline in two and are unchanged in one. Employers report the strongest hiring intentions in Leisure & Hospitality (+28%) as the economy picks up. The most noteworthy increase of 15 percentage points is reported in the manufacturing sector. Elsewhere, medium employers report steady hiring prospects with an outlook of +11%, while outlooks stand at +5% and +3% for small- and micro-size employers, respectively. "While Canada experienced a net loss of jobs in January, prospects for the upcoming quarter remain strong, led by exceptionally strong growth in Quebec where employers are hiring across multiple sectors". A survey conducted by ManpowerGroup India (staffing firm), found that Indian companies are the eighth most optimistic lot globally, in terms of hiring intentions for April-June.

According to the report, US employer hiring confidence is staying strong in Q2 2018 as one in five plan to grow their workforce in the three months ahead.

The latest data paints a picture of significant differences in hiring expectations across the country, both on a sector-by-sector basis and when compared regionally. Large employers report relatively stable hiring plans over the same period.

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