Chart of the Day: Only 43.8% of Singapore bosses eye boosting headcount

Hiring plans drop 4.9 percentage points.

Hiring intentions remain steadily optimistic in Singapore, with 43.8% of employers expecting to increase headcount (down 4.9pp) according to the latest Hudson Report: Employment Trends released recently.

Employers intending to keep headcount steady have increased 3.0 percentage points (pp) to 51.7%.

“These results demonstrate the buoyancy of Singapore’s recruitment market,” said Andrew Tomich, Executive General Manager, Hudson Singapore. “Business confidence is high with the expected rise in Singapore’s GDP to 2.9% on the back of robust service growth and low unemployment."

“However, with the difficult global market conditions, Singapore employers are taking a considered approach to making new hires,” added Tomich. “We have seen the recruitment  process lengthen to ensure the right hires are being made, with increased activity in filling roles that have been held open for an extended period of time.”