Hiring outlook in S'pore most favourable in almost 11 years: Survey

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SINGAPORE - Employers in Singapore have expressed the most favourable hiring outlook in almost 11 years for the second quarter of this year.

They reported a net employment outlook of 25 per cent, an increase of 11 percentage points from the outlook for the first quarter of this year, according to a survey of more than 500 employers by recruitment agency ManpowerGroup.

Strong showings were also posted by the manufacturing, and the banking, finance, insurance and real estate sectors , as well as in the construction industry . More than eight in 10 manufacturing companies surveyed plan to, or have given their staff, an average increment of 3 per cent or more, for instance.

The survey also found that medium-sized companies with 50 to 249 employees had the weakest outlook, though still positive, compared to both smaller and larger companies.

 

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