Looking for a job? 50% of employers are planning to hire in Q4

Jobs prospects are most abundant in the banking, finance, insurance, and real estate sectors. 

One in two employers in Singapore are eyeing to increase their headcount in the next three months, the latest ManpowerGroup Employment Outlook Survey showed.

According to the survey, companies in the n Banking, Finance, Insurance and Real Estate (66%) sectors are the most likely to hire in the last quarter of the year, followed by employers in Primary Production (55%), and Manufacturing (46%).

“Employers in the banking and financial services sector are hiring aggressively to support their expansion into the digital financial services space.  Besides IT and finance-related roles, there is a high demand for customer service roles and relationship managers,” said ManpowerGroup Singapore Country Manager, Linda Teo,

 “In addition to the technical skills, soft skills like critical thinking and analysis, adaptability and problem-solving are highly sought after by employers in this sector," Teo added.

There is also a healthy hiring demand anticipated in the Restaurants and Hotels sector (+41%) and the IT, Tech, Telecoms, Communications and Media sector (+39%).

The Education, Health, Social Work and Government, Construction, and Other Services sectors, on the other hand, were the weakest sectors, reporting employment outlooks of +23%, +20% and +19% respectively.

Meanwhile, hiring intention was strongest amongst micro organisations or those with less than 10 employees (53%), followed by medium and large companies (36%).

"Hiring activity in Singapore is expected to remain brisk as employers continue to scale up their hiring to fill their backlog of vacancies," Teo said.