Hiring intentions rebound for second half
Recruitment firm, Hudson, says the hiring intentions of Singapore businesses have rebound for the second half of the year, reversing the downward trend of the recent quarters.
According to its latest report on employment trends, nearly half of employers (47.3%) intend to increase headcount over the next six months, up 7.8 percentage points from the first quarter, while intentions to reduce headcount are down 3.8 percentage points to 3.5 per cent.
Regional Director of Hudson Singapore, Emmanuel White, says growing business sentiment is having a positive effect on the recruitment market.
He says business confidence is high on the back of a healthy expansion in the global economy and the expected two to four per cent growth in Singapore's GDP this year.
Mr White says it's encouraging to see the upbeat hiring sentiment with most industries in Singapore, but the marketplace remains challenging and uncertainties in the global macroeconomic environment remain.
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