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Old 15th June 2011, 03:00 PM   #1 (permalink)
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Pace of hiring likely to remain strong in next quarter

Pace of hiring likely to remain strong in next quarter

by Esther Ng
04:47 AM Jun 14, 2011


SINGAPORE - The pace of hiring looks set to remain robust in the next quarter, especially in three sectors, according to an employment survey yesterday.


Job seekers at the National University of Singapore career fair earlier this year. The pace of hiring is likely to be robust in the next quarter. TODAY FILE PHOTO

Finance, insurance and real estate, transport and utilities, and public administration and education offer job seekers the most opportunities in the next three months, recruitment firm Manpower Singapore reported.

Overall, its Employment Outlook poll in seven sectors found that 32 per cent of employers anticipate adding to their payrolls over that period.

While employers are optimistic about their hiring outlook, it remains to be seen whether they can find employees to fill these jobs.

The demand for qualified talent combined with an unemployment rate at a three-year low of 1.9 per cent makes for a tight labour market, said Manpower Singapore country manager Peter Haglund.

"It'll be crucial for employers to conduct a thorough workforce analysis in anticipation of the competition they're likely to face for qualified talent and come up with human resources strategies to ensure employee retention and fulfilment," he added.

If not, employers must be prepared to cough up higher cost in hiring foreign talent, or pay locals with skills and experience "a lot more", said Singapore Human Resources Institute's executive director David Ang.

Fresh graduates coming into the market might help to fill some of these jobs, said Ms Annie Yap, founder of executive search firm AYP Associates.

But there will always be a need for rank-and-file positions and employers have to be "open-minded" and hire employees from another sector and give them on-the-job-training, she added.

For instance, a cashier at a food-and-beverage outlet could become a teller in a bank, as the same skill sets - accuracy, customer service and administration - apply.

"They need to look out for employees with transferable skills and not set a tall order," said Ms Yap.

While the positive outlook from the finance, insurance and real estate sector did not surprise Mr Ang and Ms Yap, both cautioned that it could change if the financial situation in Europe and the United States worsens.

As for higher hiring expectations in transport and utilities, the human resource consultants said this could be due to a demand to produce clean energy.

Source: http://www.todayonline.com/Singapore...n-next-quarter

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