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Old 28th July 2010, 12:50 PM   #1 (permalink)
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Q2 rise in job ads here sparked by better hiring scene

Q2 rise in job ads here sparked by better hiring scene

Many companies have started hiring, implementing succession plans and starting new projects.

Wed, Jul 28, 2010
my paper


SINGAPORE - HIRING appears to be the theme in the market as Singapore saw a 13.7 per cent rise in job ads in the second quarter compared to the first quarter, according to a survey.

Robert Walters, the global recruitment consultancy, yesterday said that there has been an increase especially in human-resource job ads in Singapore - up 7.8 per cent from the previous quarter - as many companies have started hiring, implementing succession plans and starting new projects as businesses begin to grow again.

The agency noted that advertising numbers have seen a small decline in the finance/accounting and information- technology sectors. This can be explained by the tendency of employers in these sectors to use confidential search and headhunting techniques, rather than advertising.

Also, IT is no longer being viewed as a support function, but as an integral part of business operations. Positions there are thus at senior levels as well, it said.

Ms Andrea Ross, managing director of Robert Walters Singapore, said: "We haven't seen dips anywhere - (the number of job ads in) financial services and commerce is the strongest we have seen since pre-crisis levels." She added that the rise in the consumer-confidence level has affected the consumer-banking business positively.

"We may see a slowdown at the end of the third quarter as this is traditionally a time when candidates in the financial-services sector are less likely to move, as we approach the bonus season."

The job index tracks advertisement volumes for professional positions across the leading job boards and national newspapers in Hong Kong, Singapore, China and Japan.

The agency said the general picture across all the territories is one of maintained growth and increased stability.

Ads in Asia increased a remarkable 85.9 per cent in the second quarter over the same period last year and 35.8 per cent over the previous quarter.

Candidates and employers are expressing more positive attitudes and there has been an increase in counter-offers and rehiring.

Source: http://business.asiaone.com/Business...28-229212.html

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Old 30th July 2010, 10:21 AM   #2 (permalink)
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26,500 jobs added in Q2

26,500 jobs added in Q2

SINGAPORE'S companies added an estimated 26,500 jobs to the total employment, continuing the gains for the third straight quarters as the economy expanded strongly from April to June.

But the job gains were lower than the 36,500 in the first quarter, as manufacturing shed 2,400 jobs, after adding 3,100 in the earlier quarter, said the Ministry of Manpower in a statement on Friday morning.

Services contributed the bulk of the new jobs, hiring 27,400 workers in the second quarter, while construction added 1,800 workers.

MOM said based on preliminary estimates, 1,700 workers were retrenched and 200 had their contracts terminated prematurely, resulting in 1,900 redundancies. This was significantly lower than the 2,400 workers made redundant in the first quarter.

Unemployment broadly stabilised during the quarter, after declining sharply at the end of last year. Preliminary estimates show that the seasonally adjusted overall unemployment rate edged up slightly from 2.2 per cent in March to 2.3 per cent in June - an improvement from 3.2 per cent a year ago.

Similarly, among the resident labour force, the seasonally adjusted unemployment rate rose slightly from 3.2 per cent to 3.3 per cent. Still, this was below the 4.5 per cent in June last year.

The higher jobless rate was also due to more people seeking jobs as tertiary graduates entered the labour market and students looking for work during the mid-year school holidays.

An estimated 87,800 residents were unemployed in June. The seasonally adjusted figure was 68,100, said MOM.

Source: http://www.straitstimes.com/Breaking...ry_559798.html

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