Hiring Market Report 2013

Singapore, 14 November 2012 Morgan McKinley Singapore has just released its latest Singapore 2013 Hiring Market Report.

Morgan McKinley’s Singapore Hiring Market Report provides analysis of trends and forecasts based on our survey of employers. We surveyed over 700 hiring and operational managers across financial services, as well as commercial organisations in Singapore and the Asia-Pacific region to give you a valuable insight into hiring trends for 2013.

We have also carried out similar research across Hong Kong and China and have included some of those findings in comparison to our findings across Singapore to highlight the similarities and differences in perspective across these three markets.

 

 

This report provides market intelligence into hiring trends for 2013 in Singapore.

Download a copy of the report here >> [PDF 1mb]

 
 
 
         

 

Highlights of the report:

Financial services:

  • More than two-thirds (68%) cited the impact of the global economy on Asia-Pacific as a growth market as a concern.
  • Headcount limitations and economic conditions globally and locally will be key factors impacting hiring levels, according to nearly a third of hiring managers.
  • Overall, 72% plan to hire in the next six months, with 60% of these also expecting some headcount losses.
  • Nearly all managers (95%) expect to secure permanent hires, with 50% also planning to recruit temporary and contract staff.
  • Replacement hiring will dominate for 70% of organisations; however, 50% will also add new headcount.
  • Compared with the last 12 months, 74% believe that hiring will not fall in the next 12 months, but only 22% expect a rise.

Commerce & industry:

  • Only 44% believe that global uncertainty will significantly affect the growth of Asia Pacific.
  • Key factors influencing hiring levels are headcount allowances (50%) and the company or team’s performance (47%).
  • 45% of companies will be hiring – without any job losses in the next 6 months.
  • Permanent hiring is a focus for 88%, while 51% will hire temporary or contract employees.
  • 64% expect that they will be adding new headcount.
  • Increased hiring levels are expected by 36% in the next 12 months compared with the previous 12 months.

We hope that you will find this report informative and useful and as always, we welcome your feedback.

To view our other Hiring Market Reports, please click the following links:
Hong Kong Hiring Market Report 2013
China Hiring Market Report 2013

 

Interested in finding out more?

If you would like to find out more specific salary or hiring information please contact your local Morgan McKinley office today.