The Net Employment Outlook for the final quarter of 2020 is -3%, a steep increase of 25 percentage points when compared with the last quarter. However, hiring plans remain 8 points weaker in a comparison with 4Q 2019.The strongest labor market is anticipated by Transportation & Utilities sector employers (+5%) while weakest is in Manufacturing sector (-12%)Most employers anticipate hiring activity to return to pre-COVID levels in 10 to 12 months (26%)Out of the 7 Asia Pacific countries and territories, the strongest regional Outlook is reported in Taiwan while the weakest is in Singapore. SINGAPORE (8 SEPTEMBER 2020) – Job seekers can expect a muted hiring climate for the upcoming October to December period, reveals latest ManpowerGroup Employment Outlook Survey report. The survey, conducted against the backdrop of COVID-19, reflects the impact of the global health crisis on the local labor market. Of the 462 employers interviewed, 7% forecast an increase in payrolls, 10% anticipate a decrease and 73% do not expect any changes, resulting in a Net Employment Outlook of -3% after seasonal adjustment. Compared to last quarter, hiring prospects improve sharply by 25 percentage points, but are 8 percentage points weaker when compared with the same time last year. Hiring activity is expected to gradually recover to pre-COVID-19 levels – 26% of employers forecast it will take 10 to 12 months, 22% anticipate it to return within the next 3 months and 19% expect this to take 4 to 9 months. Meanwhile, 16% of employers estimate it will take longer than a year. Fieldwork for the survey was conducted during the last two weeks of July 2020.When asked about existing members of the workforce that have been placed on a job retention or furlough scheme, 15% of companies suggest they plan to bring them back full-time, however, a portion (16%) had indicated that some of them will be let go.On the results, ManpowerGroup Singapore Country Manager, Ms Linda Teo, comments, “While there continues to be a strong demand of IT and digital talents due to accelerating digitalization, companies are also leveraging on the subsidies provided under the SGUnited Traineeships Program to hire talents for various business functions.”Employers in four of the seven industry sectors forecast hiring gains in the fourth quarter. The strongest labor market is expected to be the Transportation & Utilities sector, with a Net Employment Outlook of +5%. Elsewhere, employers in Finance, Insurance & Real Estate sector anticipate limited job gains, reporting an Outlook of +3%, while Outlooks of +1% are reported in both the Mining & Construction sector and the Public Administration & Education sector. In contrast, employers in Manufacturing, Wholesale & Retail Trade and Services sectors report gloomy hiring intentions, with Outlooks of -12%, -7% and -1% respectively.Compared to the previous quarter, hiring sentiments improve in six of the seven industry sectors, with Mining & Construction sector’s employers reporting the steepest increase of 58 percentage points. This is followed by the Services sector, where the Outlook is 33 percentage points stronger. Improvements in job prospects are also expected in the Wholesale & Retail Trade sector and the Manufacturing sector, where the reported hiring Outlooks have increased by 12 and 9 percentage points respectively. However, hiring sentiment weakens in the Public Administration & Education sector, declining by 7 percentage points.“With the opening of the economy in Phase Two, companies are expected to step up hiring of locals to fill jobs left vacant by Malaysians unable to return to work due to travel restrictions during the survey period,” Ms Teo added.Employers in all four organization size categories expect to reduce payrolls during the next three months, most notably in the Large-size category (-10%). The most resilient Outlook of -2% is reported by Small employers.Employers in five Asia Pacific countries and territories expect to add to payrolls during the upcoming quarter, while staffing levels are expected to decline in two. In a quarter-over-quarter comparison, Outlooks weaken in three countries and territories but strengthen in four. When compared with last year at this time, hiring prospects weaken in six countries and territories while remaining unchanged in the seventh. The strongest regional Outlook is reported in Taiwan (+20%), while the weakest and only negative hiring climates are expected in Hong Kong (-2%) and Singapore (-3%).To view complete results for the ManpowerGroup Employment Outlook Survey, visit: www.manpowergroup.com.sg/meos.NOTE: Net Employment Outlook: This figure is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment at their location in the next quarter.Please note that all data discussed in the commentary is seasonally adjusted, unless stated otherwise.The next ManpowerGroup Employment Outlook Survey will be released on 8 December 2020 and will forecast labor market activity for the final quarter of 2020. The ManpowerGroup Employment Outlook Survey is available free of charge to the public through their local Manpower representative in participating countries. To receive an e-mail notification when the survey is available each quarter, please complete an online subscription form here.About ManpowerGroup Singapore Established in 1995 in Singapore, ManpowerGroup works with a range of manufacturing, resources, mining, transport and logistics, government, blue chip investment and retail banks, IT vendors and outsourcers, telecoms service providers and infrastructure, utilities and engineering services companies. In Singapore, the ManpowerGroup suite of solutions is offered through Manpower®, Experis®, and Talent Solutions. More information on ManpowerGroup Singapore is available at: www.manpowergroup.com.sg About ManpowerGroup ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis and Talent Solutions – creates substantial value for candidates and clients across more than 75 countries and territories and has done so for over 70 years. We are recognized consistently for our diversity - as a best place to work for Women, Inclusion, Equality and Disability and in 2020 ManpowerGroup was named one of the World's Most Ethical Companies for the eleventh year - all confirming our position as the brand of choice for in-demand talent. www.manpowergroup.com.
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Hiring Outlook for Q42020 To Remain Muted in Singapore: Latest ManpowerGroup Employment Outlook Survey Report
8 September 2020 -
Employers in Singapore Report Weakest Hiring Outlook Since 2009: ManpowerGroup Employment Outlook Survey
9 June 2020 8 Singapore employers report Net Employment Outlook of -28% for Q3 2020 - the weakest in 11 years. 66% of employers expect hiring to return to pre-COVID-19 levels within the next 12 months, with over a quarter surveyed estimating that it will take 4 to 9 months. Employers in six of the seven sectors expect payrolls to decline during the coming quarter.Finance, Insurance & Real Estate sector, Manufacturing sector, Services sector and Wholesale & Retail Trade sector report their weakest hiring intentions since 2009.SINGAPORE (9 JUNE 2020) – Employers in Singapore report bleak hiring outlook for Q3 when surveyed during the circuit breaker, reflecting the impact of the COVID-19 outbreak on the labor market in Singapore.Singapore employers were asked how do they anticipate total employment at their company to change during the July – September period as compared to the current quarter. Out of 266 surveyed, 11% of employers forecast an increase in headcount, 38% anticipate a decrease and 46% expect no change. The resulting Net Employment Outlook is -28% after accounting for seasonal variation. These are the weakest hiring intentions reported since 2009, declining by 37 percentage points when compared with the previous quarter and by 40 percentage points in comparison with the third quarter of 2019. 66% of employers surveyed expect hiring levels to return to pre-COVID-19 levels within the next 12 months. Hiring activity is expected to recover gradually – 20% of employers estimate this will take within 3 months, 25% predict 4 to 9 months, 22% expect it to take 10 to 12 months. Meanwhile, 15% of respondents estimate it will take more than a year. On the results, Ms Linda Teo, Country Manager, ManpowerGroup Singapore, comments, “COVID-19’s impact on businesses has affected hiring sentiments for the next few months. Most employers are putting non-critical hiring on hold and focusing on streamlining their current headcounts instead during this unprecedented time.”Employers in six of the seven sectors expect payrolls to decline during the coming quarter. The weakest labor market is forecast to be the Mining & Construction sector with a reported Net Employment Outlook of -57%, which is also the weakest Outlook reported since conducting the survey in Singapore in 2003. Weak hiring prospects are also reported in the Services and Manufacturing sectors as well, with reported Outlooks of -35% and -21% respectively. Elsewhere, employers in Finance, Insurance & Real Estate and Transportation & Utilities sectors report Outlooks of -3% and -1%. Meanwhile, employers in the Public Administration & Education sector report modest hiring plans with an Outlook of +10%.Compared to the previous quarter, hiring intentions weakened in six of the seven sectors, most notably in the Mining & Construction sector, where the Outlook sharply decreases by 67 percentage points. Hiring activity is also expected to decline significantly in the Services sector, where the forecast is 47 percentage points weaker. Meanwhile, employers in four sectors – Finance, Insurance & Real Estate sector, Manufacturing sector, Services sector and Wholesale & Retail Trade sector – reported their weakest forecasts since 2009. In contrast, employers in Public Administration & Education report relatively stable hiring intentions when compared quarter on quarter but Outlook is weaker by 14 percentage points when compared to last year. “Amidst the bleak hiring climate, job seekers can still find pockets of opportunities, especially in the Public Administration & Education sector due to ongoing government initiatives to stimulate hiring and upskilling during this challenging time. Job seekers finding difficulty in landing a job in current market conditions can consider upgrading their skills to better position themselves when hiring activity picks up,” says Ms Teo.Employers in three of the four organization sizes report weaker hiring plans during the next quarter. Companies under the Micro category report the positive hiring intention of +3%, while hiring climate is the weakest in Medium-sized organizations, with a reported Outlook of -34%. “With most companies putting non-essential hiring on hold, micro-sized firms face less competition in hiring the in-demand talent they need,” added Ms Teo. Employers in four Asia Pacific countries and territories expect to grow payrolls during the next three months, while a decrease in payrolls is anticipated in two, with no change in one. Hiring plans weaken in six of the seven countries and territories when compared with the previous quarter, while remaining unchanged in one. In a year-over-year comparison, Outlooks weaken in all seven. Japanese employers anticipate the strongest labor market in the region, while the weakest hiring activity is expected in Singapore and Australia.NOTE:Net Employment Outlook: This figure is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment at their location in the next quarter. To view complete Singapore results for the ManpowerGroup Employment Outlook Survey, visit: www.manpowergroup.com.sg/meosTo view global survey results, visit: www.manpowergroup.com/meosThe next ManpowerGroup Employment Outlook Survey will be released on 8 September 2020 and will forecast labor market activity for the second quarter of 2020. The ManpowerGroup Employment Outlook Survey is available free of charge to the public through their local Manpower representative in participating countries. About ManpowerGroup SingaporeEstablished in 1995 in Singapore, ManpowerGroup works with a range of manufacturing, resources, mining, transport and logistics, government, blue chip investment and retail banks, IT vendors and outsourcers, telecoms service providers and infrastructure, utilities and engineering services companies. In Singapore, the ManpowerGroup suite of solutions is offered through Manpower®, Experis®, and Talent Solutions. More information on ManpowerGroup Singapore is available at:www.manpowergroup.com.sgAbout ManpowerGroupManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis and Talent Solutions – creates substantial value for candidates and clients across more than 75 countries and territories and has done so for over 70 years. We are recognized consistently for our diversity - as a best place to work for Women, Inclusion, Equality and Disability and in 2020 ManpowerGroup was named one of the World's Most Ethical Companies for the eleventh year - all confirming our position as the brand of choice for in-demand talent. See how ManpowerGroup is powering the future of work: www.manpowergroup.com.
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Employers in Singapore Report Conservative Hiring Plans for Q2 2020: ManpowerGroup Employment Outlook Survey
10 March 2020 Singapore’s Net Employment Outlook for Q2 in 2020 is +9% for the second consecutive quarterWhile employers in all seven industry sectors reported positive hiring intentions, hiring sentiment weakens in four sectors when compared with Q1 2020An increase in staffing levels is anticipated in all four organization size categories during the coming quarterThe strongest Asia Pacific labor markets are forecast by employers in Japan (+24%) and Taiwan (+24%).SINGAPORE (10 MARCH 2020) – Employers in Singapore anticipate a conservative hiring pace to continue for the second quarter of 2020, according to the latest ManpowerGroup Employment Outlook Survey. Out of 622 employers surveyed, 13% of employers are expecting an increase in payrolls, 4% are anticipating a decrease and 77% forecast no change. The resulting Net Employment Outlook (NEO) is +9% after seasonal variation. Hiring intentions remain constant when compared to last quarter but decline by 2 percentage points in a year-over-year comparison. * “As the survey was conducted in January when the Covid-19 outbreak was unfolding, employers were adjusting their hiring intentions to the developing situation. The extent of the impact on businesses remains unclear, but the recent downgrade in Singapore’s growth forecast by the Ministry of Trade and Industry is likely to further dampen employer confidence,” says Ms Linda Teo, Country Manager of ManpowerGroup Singapore. “Nonetheless, pockets of job opportunities can still be found across the various industries and sectors, such as within the Services sector or Financial, Insurance & Real Estate sector.”Employers in all seven industry sectors expect to add to payrolls during the April to June period. The strongest hiring prospects are reported in the Services sector, with a NEO of +12%. Steady job gains are expected in the Finance, Insurance & Real Estate and the Transportation & Utilities sectors, both of which reported Outlooks of +11%. Meanwhile Outlooks stand at +10% in both the Mining & Construction sector and the Public Administration & Education sector. Some hiring activity is expected in the Wholesale & Retail Trade sector, which forecasted an Outlook of +9%. The weakest labor market is expected in the Manufacturing sector where the Outlook is +6%.Hiring sentiment weakens in four of the seven industry sectors when compared with the previous quarter, most notably in the Public Administration & Education sector, which declined by 14 percentage points. Elsewhere, hiring plans improve by 4 percentage points in the Services sector and are 2 percentage points stronger in two sectors – the Manufacturing sector and the Wholesale & Retail Trade sector.Employers expect to increase payrolls in all four organization size categories during the second quarter of 2020. The strongest labor markets are forecast by Large- and Medium-size employers, reporting NEOs of +12%.In Asia Pacific, employers in all seven countries and territories anticipate payroll gains in the next three months. The strongest Asia Pacific labor markets are forecast by employers in Japan (+24%) and Taiwan (+24%), while the weakest hiring pace is expected in Hong Kong (+1%).Notes to EditorsNet Employment Outlook: This figure is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment at their location in the next quarter. Please note that all data discussed in the commentary is seasonally adjusted, unless stated otherwise.To view complete results for the ManpowerGroup Employment Outlook Survey, visit: www.manpowergroup.com.sg/meos. The next ManpowerGroup Employment Outlook Survey will be released on 9 June 2020 and will forecast labor market activity for the third quarter of 2020. The ManpowerGroup Employment Outlook Survey is available free of charge to the public through their local Manpower representative in participating countries. To receive an e-mail notification when the survey is available each quarter, please complete an online subscription form here.* The survey was conducted between January 6 and January 28 before the global escalation of Covid-19About ManpowerGroupManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands –Manpower, Experis and Talent Solutions –creates substantial value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2020, ManpowerGroup was named one of the World's Most Ethical Companies for the eleventh year and recognized consistently for our diversity -as a best place to work for Women, Inclusion, Equality and Disability, confirming our position as the brand of choice for in-demand talent.See how ManpowerGroup is powering the future of work: www.manpowergroup.com.sg
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Employers in Singapore Cautiously Optimistic About Hiring in Q1 2020: ManpowerGroup Employment Outlook Survey
10 December 2019 Singapore’s Net Employment Outlook for Q1 2020 is +9%, a moderate increase of 5 percentage points from previous quarterThe strongest labor market is anticipated to be the Public Admin & Education sector while firms in the Manufacturing sector report the weakest hiring intentionsFor the seventh consecutive quarter, the strongest Asia Pacific hiring prospects are reported in Japan. SINGAPORE (10 DECEMBER 2019) – Hiring pace in Singapore is expected to pick up during the first three months of 2020 as employers report encouraging signs for jobseekers in the latest ManpowerGroup Employment Outlook Survey. Out of 630 employers surveyed, 13% of employers expect to increase payrolls, 5% forecast a decrease and 79% do not anticipate any change. The resulting Net Employment Outlook is +9% after adjusting for seasonal variation, a moderate increase of 5 percentage points from the previous quarter. “While employers are cautiously optimistic in their hiring plans for the upcoming quarter, they will adjust their hiring plans in reaction to changing market conditions,” says Ms Linda Teo, ManpowerGroup Singapore Country Manager. “As such, labor market activity is expected to be volatile.”Employers expect to increase staffing levels in all seven industry sectors during the January to March period. The strongest labor market is anticipated in the Public Administration & Education sector, with a reported Net Employment Outlook of +22%. “More companies are investing in employee training to plug the skill gaps in their workforce,” noted Ms Teo. “Foreseeing demand for education services to continue growing, firms in the Public Administration & Education sector plan to hire to ensure they have sufficient manpower.”Meanwhile, Finance, Insurance & Real Estate sector employers report a healthy Outlook of +15%, strengthening by 9 percentage points from the last quarter. Standing at +12%, employers in the Mining & Construction sector report their strongest hiring Outlook in four years. Similarly, the Outlook in the Transportation & Utilities sector is +12%, the strongest in two years. The weakest Outlook of +3% is reported by Manufacturing sector employers, which improved by 3 percentage points quarter-on-quarter but declined by 11 percentage points year-on-year.Hiring prospects improve in six of the seven sectors quarter-over-quarter, and also strengthen in five sectors when compared with last year at this time. Compared with the last quarter, the most notable increase is recorded in the Transportation & Utilities sector, which improved by 19 percentage points.Employers all four organization size categories forecast payroll gains in the first quarter of 2020. The strongest hiring pace is expected by Large employers (+26%), while Micro employers report the weakest hiring intention with an Outlook of +2%.Employers in all seven Asia Pacific countries and territories expect to add to headcounts in the coming quarter. Hiring outlooks strengthen in three countries and territories quarter-over-quarter, but also weaken in three. For the seventh consecutive quarter, the strongest Asia Pacific hiring prospects are reported in Japan (+25%). Meanwhile, Chinese employers report the most cautious Outlook in the region (+6%).NOTE:Net Employment Outlook: This figure is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment at their location in the next quarter. To view complete Singapore results for the ManpowerGroup Employment Outlook Survey, visit: www.manpowergroup.com.sg/meos To view global survey results, visit: www.manpowergroup.com/meos The next ManpowerGroup Employment Outlook Survey will be released on 10 March 2020 and will forecast labor market activity for the second quarter of 2020. The ManpowerGroup Employment Outlook Survey is available free of charge to the public through their local Manpower representative in participating countries. About ManpowerGroup SingaporeEstablished in 1995 in Singapore, ManpowerGroup works with a range of manufacturing, resources, mining, transport and logistics, government, blue chip investment and retail banks, IT vendors and outsourcers, telecoms service providers and infrastructure, utilities and engineering services companies. In Singapore, the ManpowerGroup suite of solutions is offered through ManpowerGroup® Solutions, Manpower®, Experis®, and Right Management®. More information on ManpowerGroup Singapore is available at: www.manpowergroup.com.sg About ManpowerGroupManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of the World's Most Ethical Companies for the tenth year and one of Fortune's Most Admired Companies for the seventeenth year, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com
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ManpowerGroup Employment Outlook Survey: Local Hiring Activity in Q4 Setback
10 September 2019 Singapore’s Net Employment Outlook is +4%, the weakest reported in two yearsAcross seven industry sectors, employers in the Public Admin & Education sector report the strongest Outlook of +19%Employers in Singapore and China report the weakest Net Employment Outlooks in the Asia Pacific regionSINGAPORE (10 SEPTEMBER 2019) – Based on the latest ManpowerGroup Employment Outlook Survey results, job seekers can expect a tighter job market in the fourth quarter of 2019. Out of nearly 670 Singaporean employers surveyed on their hiring plans for the upcoming quarter, 13% anticipate an increase in payrolls, 8% forecast a decrease and 77% expect no change. The resulting Net Employment Outlook is +4% after accounting for seasonal variation – the weakest outlook reported in two years. Hiring prospects decline by 7 percentage points when compared with the previous quarter and are 8 percentage points weaker in comparison with this time one year ago. Ms. Linda Teo, Country Manager of ManpowerGroup Singapore, says, “Global and regional trade conflicts, plus warnings of a possible recession, have dampened business confidence in Singapore. Anticipating that business will be affected by the economic downturn, companies are limiting their hiring activity. Some companies are also turning to upskilling their employees instead of hiring new staff.”Employers in five of the seven industry sectors expect to add to payrolls during the forthcoming quarter. The strongest labor market is anticipated by Public Administration & Education sector employers, reporting an Outlook of +19%.Elsewhere, employers in Mining & Construction and the Wholesale & Retail Trade sectors expect moderate hiring activity, reporting Outlooks of +10% and +8%, respectively. The Outlook in the Finance, Insurance & Real Estate sector remains relatively stable from last quarter at +5%. Employers in the Manufacturing sector and Services sector report their weakest hiring outlook in a decade, which is at 0% and +2%, respectively. Meanwhile, Transportation & Utilities sector employers expect to trim payrolls, reporting an Outlook of -5%.Compared to last quarter, hiring intentions weaken in five sectors, most notably in the Services and Transportation & Utilities sectors, where the Outlook declined by 16 percentage points and 13 percentage points respectively.In a comparison with the final quarter of 2018, hiring intentions weaken in all seven industry sectors. Public Administration & Education sector employers report the most noteworthy decline of 17 percentage points, and Outlooks decrease by 12 percentage points in two sectors ꟷ the Manufacturing sector and the Transportation & Utilities sector. Hiring intentions are considerably weaker in the Services sector where employers report a decline of 10 percentage points, and in the Finance, Insurance & Real Estate sector with a decrease of 9 percentage points.“While job opportunities may be limited, there remain pockets of opportunity as employers are still hiring to fill the skill gaps in their workforce. Job seekers, especially IT talent, with trending skills such as digital marketing and blockchain will find it easier to secure a job as companies move towards digitalizing their processes,” says Ms. Teo.Payroll gains are forecast for all eight Asia Pacific countries and territories in the next three months. Hiring plans improve in three countries and territories when compared with the third quarter of 2019 but weaken in four. The strongest labor market in the region is anticipated by Japanese employers for the sixth consecutive quarter, while the weakest Outlooks are reported in both China and Singapore.NOTE:Net Employment Outlook: This figure is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment at their location in the next quarter. To view complete results for the ManpowerGroup Employment Outlook Survey, visit: www.manpowergroup.com.sg/meos. About ManpowerGroup SingaporeEstablished in 1996 in Singapore, ManpowerGroup works with a range of manufacturing, resources, mining, transport and logistics, government, blue chip investment and retail banks, IT vendors and outsourcers, telecoms service providers and infrastructure, utilities and engineering services companies. In Singapore, the ManpowerGroup suite of solutions is offered through ManpowerGroup® Solutions, Manpower®, Experis®, and Right Management®. More information on ManpowerGroup Singapore is available at: www.manpowergroup.com.sgAbout ManpowerGroupManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of the World's Most Ethical Companies for the tenth year and one of Fortune's Most Admired Companies for the seventeenth year, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com
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Hiring Prospects in Singapore Remain Stable For the Second Consecutive Quarter, According to Latest ManpowerGroup Employment Outlook Survey
11 June 2019 Singapore’s Net Employment Outlook is +12% for Q3 2019, increasing by one percentage point from the previous quarter.The weakest sector Outlook of +7% is reported by employers in the Finance, Insurance & Real Estate sector.Large employers report booming hiring prospects with a Net Employment Outlook of +59%, jumping by 42 percentage points from the previous quarter.Japanese employers report the strongest hiring plans in the region for the fifth consecutive quarter, while the weakest Outlook is reported in China.SINGAPORE (11 JUNE 2019) – Singaporean employers remain optimistic in their hiring plans for Q3 2019, reveals the latest ManpowerGroup Employment Outlook Survey released today. According to the survey, 15% of employers intend to increase their staffing levels out of over 660 Singaporean employers surveyed, while 3% anticipate a decrease and 77% forecast no change to their payrolls. The resulting Net Employment Outlook for the upcoming quarter is forecast to remain relatively stable at +12%, improving by one percentage point from the previous quarter, but remains unchanged in comparison to the same period last year. “Employers in Singapore remain cautiously optimistic about their hiring plans in the midst of continued economic headwinds,” commented Ms. Linda Teo, Country Manager of ManpowerGroup Singapore. “Companies are expected to continue hiring to fill gaps in their workforce, albeit at a slower pace as many employers anticipate the impact of the ongoing trade war between China and the US to spill over into the local economy.”“While forecasted labor market activity in Singapore continues to remain positive, job seekers can expect the hiring process to be longer as employers are likely to spend more time evaluating candidates before making a decision,” said Ms. Teo.Employers in all seven industry sectors expect to add to payrolls in the third quarter of 2019 with employers in the Public Administration & Education sector reporting the strongest hiring outlook +22%, a jump of 5 percentage points from the previous quarter. Positive workforce gains are also anticipated in the Services sector where the Outlook is +18%, while Outlooks of +10% and +9% are reported in the Transportation & Utilities sector and the Mining & Construction sector, respectively. Elsewhere, employers report moderate hiring plans in the Manufacturing sector and the Wholesale & Retail Trade sector, with both reporting Outlooks of +8%. Employers in the Finance, Insurance & Real Estate sector report the weakest hiring intention of +7% “The surge in hiring intentions in the Public Administration & Education sector reflects the sector’s confidence in business prospects for the upcoming quarter,” said Ms. Teo. “Driven by digitalization and tighter restrictions on foreign manpower, Singaporean employers are upskilling their current workforce to address their skills gaps, thus increasing demands for training services,” she observed.Job gains are forecast for all four organization size categories during the next three months. Large employers report dynamic hiring plans with a booming Outlook of +59%, while the most cautious Outlook of +4% is reported by Micro firms.On a regional scale, employers in all eight Asia Pacific countries and territories surveyed expect to grow payrolls in the three months to September 2019, with employers in Japan (+25%) and Taiwan (+22%) anticipating the strongest hiring activity, while the weakest Outlooks are reported in China (+8%), New Zealand (+12%) and Singapore (+12%). NOTE:Net Employment Outlook: This figure is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment at their location in the next quarter. To view complete results for the ManpowerGroup Employment Outlook Survey, visit: www.manpowergroup.com.sg/meos. About ManpowerGroup SingaporeEstablished in 1996 in Singapore, ManpowerGroup works with a range of manufacturing, resources, mining, transport and logistics, government, blue chip investment and retail banks, IT vendors and outsourcers, telecoms service providers and infrastructure, utilities and engineering services companies. In Singapore, the ManpowerGroup suite of solutions is offered through ManpowerGroup® Solutions, Manpower®, Experis®, and Right Management®. More information on ManpowerGroup Singapore is available at: www.manpowergroup.com.sgAbout ManpowerGroupManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of the World's Most Ethical Companies for the tenth year and one of Fortune's Most Admired Companies for the seventeenth year, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com
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Singapore Job Seekers Can Expect a Favorable Hiring Climate for Q2 2019: Latest ManpowerGroup Employment Outlook Survey
12 March 2019 Singapore’s Net Employment Outlook is +11% for Q2 2019, with employers in the Services sector reporting strongest hiring outlook in over 3 yearsThe weakest sector Outlook of +7% is reported in the Finance, Insurance & Real Estate sector, declining by 2 percentage points from last quarter.Japanese employers report the strongest hiring plans in the region for the fourth consecutive quarter, while the weakest Outlook is reported in China.SINGAPORE (12 MARCH 2019) – Hiring activity in Singapore is expected to remain modest for Q2 2019, with employers in Singapore reporting a seasonally adjusted Net Employment Outlook of +11%, reveals the latest ManpowerGroup Employment Outlook Survey. Over 680 employers were surveyed, with 15% of employers expecting to increase staffing levels, 4% anticipating a decrease and 80% expecting no change. Hiring plans remain relatively stable when compared with the previous quarter and are unchanged in comparison with Q2 2018. The Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting to see a decrease in employment at their location in the next quarter.Employers in all seven industry sectors plan to hire new staff over the next three months. The strongest labor market activity is reported by employers in the Services sector, which hits a three-year high with an expected hiring outlook of +18%. Ms Linda Teo, Country Manager of ManpowerGroup Singapore, attributes the upbeat hiring outlook in the Services sector to the growing needs for digital services. “With more companies turning to technology to meet consumer demands and enhance productivity, demand for digital services is growing. Optimistic about business prospects, companies specializing in digitization software and other digital services are hiring more actively than ever to secure talents specializing in software development and e-commerce.” “However, with the recent Budget 2019 announcement plans to cut the Dependency Ratio Ceiling for firms in the services sector, employers in the services and retail sectors need to rethink their business strategies, such as incorporating new technology to automate and streamline their workflow,” continues Ms Teo. “To ensure businesses remain sustainable, there is also a need for a paradigm shift in how service is delivered without compromising the consumer experience. Employers need to redesign service roles that address locals’ mindset that service roles have little career prospects with unrewarding working hours and pay to attract and retain more local talents in the long run,” advises Ms TeoElsewhere, employers in the Public Administration & Education sector also foresee steady payroll gains, reporting an Outlook of +16%. Outlooks of +11% and +10% are reported for the Mining & Construction sector and the Manufacturing sector, respectively. Outlooks stand at +8% in both the Transportation & Utilities sector and the Wholesale & Retail Trade sector, while the weakest Outlook of +7% is reported by Finance, Insurance & Real Estate sector employers.Hiring intentions strengthen in five of the seven industry sectors when compared with the previous quarter, most notably the Services sector, which improve by 7 percentage points. However, hiring prospects decline by 4 and 2 percentage points in the Manufacturing sector and the Finance, Insurance & Real Estate sector, respectively.In Asia Pacific, payroll gains are expected to a varying extent in all eight countries and territories during the next three months. Japanese employers report the strongest hiring plans in the region for the fourth consecutive quarter, while the weakest Outlook is reported in China. Employers in two countries and territories report stronger hiring intentions when compared with the previous quarter, but Outlooks decline in four.NOTE:Net Employment Outlook: This figure is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment at their location in the next quarter. To view complete results for the ManpowerGroup Employment Outlook Survey, visit: www.manpowergroup.com.sg/meos. About ManpowerGroup SingaporeEstablished in 1996 in Singapore, ManpowerGroup works with a range of manufacturing, resources, mining, transport and logistics, government, blue chip investment and retail banks, IT vendors and outsourcers, telecoms service providers and infrastructure, utilities and engineering services companies. In Singapore, the ManpowerGroup suite of solutions is offered through ManpowerGroup® Solutions, Manpower®, Experis®, and Right Management®. More information on ManpowerGroup Singapore is available at: www.manpowergroup.com.sgAbout ManpowerGroupManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of the World's Most Ethical Companies for the tenth year and one of Fortune's Most Admired Companies for the seventeenth year, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com
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ManpowerGroup Recognized for Tenth Year as a World's Most Ethical Company
27 February 2019 ManpowerGroup (NYSE: MAN) has been recognized for the tenth year as a World's Most Ethical Company by Ethisphere, the global leader in defining and advancing the standards of ethical business practices. ManpowerGroup received top scores for culture, leadership & reputation, and corporate responsibility. Ethisphere's World's Most Ethical Companies recognizes organizations spanning 21 countries and 50 industries that play a critical role in influencing and driving positive change in societies and the business community around the world."Our business was founded on strong ethical foundations 70 years ago and these values remain more relevant than ever today," said Jonas Prising, ManpowerGroup Chairman & CEO. "Our leaders set the tone and everyone is responsible for keeping our ethical compass firmly in place, creating a culture where people can achieve their full potential. Like many organizations, we see high ethical standards, trust and transparency becoming increasingly important for all stakeholders: investors, clients and especially employees. That's why we're pleased to be named a Most Ethical Company for the tenth year."ManpowerGroup Chairman & CEO, Jonas Prising, will join Ethisphere and other business leaders at the Global Ethics Summit in New York City, March 13th sharing his perspective on Tapping Into the Best Character of an Organization. This World's Most Ethical Company accolade follows ManpowerGroup's recognition as a Fortune's Most Admired company, confirming its position as the most trusted brand in the industry."Employees, investors and stakeholders are putting their greatest trust in companies to take leadership on societal issues," said Ethisphere's Chief Executive Officer, Timothy Erblich. "Companies that take the long view with a purpose-based strategy are proven to not only outperform but last. I congratulate everyone at ManpowerGroup for earning this recognition."The full list of the 2019 World's Most Ethical Companies and methodology can be found at https://worldsmostethicalcompanies.com/honorees.See how ManpowerGroup is powering the future of work: www.manpowergroup.com. About ManpowerGroup SingaporeEstablished in 1996 in Singapore, ManpowerGroup works with a range of manufacturing, resources, mining, transport and logistics, government, blue chip investment and retail banks, IT vendors and outsourcers, telecoms service providers and infrastructure, utilities and engineering services companies. In Singapore, the ManpowerGroup suite of solutions is offered through ManpowerGroup® Solutions, Manpower®, Experis®, and Right Management®. More information on ManpowerGroup Singapore is available at: www.manpowergroup.com.sgAbout ManpowerGroup ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for 70 years. In 2019, ManpowerGroup was named one of Fortune's Most Admired Companies for the seventeenth year and one of the World's Most Ethical Companies for the tenth year, confirming our position as the most trusted brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com.
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Modest Hiring Activity Forecast in Singapore for Q1 2019: Latest ManpowerGroup Employment Outlook Survey
11 December 2018 Net Employment Outlook in Singapore is +10% after adjusting for seasonal variation. Employers in the Manufacturing sector report their strongest hiring Outlook in four years. Japanese employers report the strongest Outlook in the Asia Pacific region, while the weakest hiring intentions in the region are reported in China and Singapore. After three consecutive quarters of strengthening labor market activity in Singapore last year, a slight decline in hiring pace is anticipated for the first-quarter of 2019, reveals latest ManpowerGroup Employment Outlook Survey. A representative sample of 645 employers were surveyed, with 10% intending to hire, 1% forecasting a decrease and 86% expecting no change. The Net Employment Outlook after accounting for seasonal variation is +10%. Hiring intentions decline by 3 percentage points when compared with the previous quarter but are unchanged in comparison with this time one year ago.The Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting to see a decrease in employment at their location in the next quarter.“Employers in Singapore are currently cautious in their business outlooks due to escalating trade tensions between the United States and China. Most employers are opting to maintain their workforce numbers in the upcoming quarter while they observe developments in the situation,” said Ms Linda Teo, Country Manager of ManpowerGroup Singapore. Employers anticipate an increase in payrolls in all seven industry sectors in Q1 2019, most notably in the Manufacturing sector, where employers reported a Net Employment Outlook of +14% -- its strongest forecast in more than four years.“Employers in the biomedical manufacturing cluster within the Manufacturing sector expect a steady demand for pharmaceutical products in the next few months,” said Ms Teo. “This likely bolstered the Net Employment Outlook of the Manufacturing sector.”Meanwhile, employers in the Public Administration & Education sector forecast positive job gains (+11%), while the Services sector Outlook stands at +10%. Employers in both the Finance, Insurance & Real Estate sector and the Mining & Construction sector report Outlooks of +7%. Elsewhere, Wholesale & Retail Trade sector employers report an Outlook of +5%. The weakest labor market for the next three months is anticipated in the Transportation & Utilities sector, with an Outlook of +3%. Hiring prospects declined in six of the seven industry sectors when compared to the previous quarter, particularly in the Public Administration & Education sector, which declined by a significant 19 percentage points. Finance, Insurance & Real Estate sector employers also report a noteworthy decrease of 6 percentage points“Despite being uncertain about business prospects in the new year, most employers expect to add more digital talents to their workforce to develop their digital infrastructure and capabilities,” commented Ms Teo. “IT professionals and digital talents specialized in the digitization of manual processes will continue to be in demand in the first quarter.”Employers in all eight Asia Pacific countries and territories expect to grow payrolls in the upcoming quarter. In a comparison with the final quarter of 2018, hiring intentions improve in four countries and territories, but weaken in two. When compared with last year at this time, Outlooks strengthen in five countries and territories, but decline in two. Japanese employers report the strongest Outlook in the region (also the strongest of all 44 countries and territories surveyed), while the weakest hiring intentions in the region are reported in China and Singapore.NOTE:Net Employment Outlook: This figure is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment at their location in the next quarter. To view complete results for the ManpowerGroup Employment Outlook Survey, visit: www.manpowergroup.com.sg/meos. About ManpowerGroup SingaporeEstablished in 1996 in Singapore, ManpowerGroup works with a range of manufacturing, resources, mining, transport and logistics, government, blue chip investment and retail banks, IT vendors and outsourcers, telecoms service providers and infrastructure, utilities and engineering services companies. In Singapore, the ManpowerGroup suite of solutions is offered through ManpowerGroup® Solutions, Manpower®, Experis®, and Right Management®. More information on ManpowerGroup Singapore is available at: www.manpowergroup.com.sgAbout ManpowerGroupManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of the World's Most Ethical Companies for the tenth year and one of Fortune's Most Admired Companies for the seventeenth year, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com
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Innovation Ready: ManpowerGroup Identifies Nine Ways Companies Can Create a Culture to Accelerate Innovation
16 October 2018 New report helps companies drive ROI by nurturing behaviors that maximize innovationDigital transformation is happening at an unprecedented pace. Today an organization’s success depends more on its ability to innovate and the skills of its employees than its tangible assets. To help companies accelerate innovation and achieve greater ROI on their digital investments, ManpowerGroup has identified nine key traits that determine a company’s readiness for innovation. These key characteristics provide a roadmap of behaviors to nurture in the digital age and maximize value. "A culture of innovation is a work environment cultivated by leaders to nurture fresh thinking, apply new processes and encourage innovation to drive long-term value for the business,” said Ms Linda Teo, Country Manager, ManpowerGroup Singapore. “Against a backdrop of constant change, innovating and adapting is a baseline expectation. Creating a culture of innovation is a critical investment for a company’s future. Ultimately, an organizational culture should be more than an abstract concept, but instead produce measurable and quantifiable change. When innovation and culture are done well, employers can expect a significant and swift return.” If a company creates a culture with each of these elements, they are likely to be innovation-ready.Trust is the safety net that allows for new thinking and enables innovation by providing an atmosphere that allows and accounts for inevitable mistakes. Curiosity is the lifeblood of creativity. To build a culture of innovation, organizations should create a climate that nurtures critical thinking, where challenging authority and speaking up are encouraged, even if it means creating discord.Experimentation: Organizations succeed when they keep experimenting while focusing on the horizon as the dynamic environment continuously changes. Persistence: A successful organization provides support, guides and adapts as issues arise.Grit: People with grit show courage, strength of character and resolve during inevitable difficulties, making this a key differentiator in today’s marketplace.Collectiveness: Observing the balance of roles in a team offers insight into its dynamics. It also indicates the likelihood of success or failure for an assigned task.Diversity: For innovation to happen you need diverse perspectives to navigate a rapidly evolving world. Learnability: What you know is less relevant than what you may learn and knowing the answer to questions is less critical than having the ability to ask the right questions in the first place.Digital organizations today are judged on much more than technology investments - beliefs, purpose, character and overall decision making. These assets build the foundation for culture. To assess your company’s Culture of Innovation and solutions to measure your progress and accelerate your ability to achieve ROI, visit www.manpowergroup.com.sg/digital-workforce-transformation.About ManpowerGroup SingaporeEstablished in 1996 in Singapore, ManpowerGroup works with a range of manufacturing, resources, mining, transport and logistics, government, blue chip investment and retail banks, IT vendors and outsourcers, telecoms service providers and infrastructure, utilities and engineering services companies. In Singapore, the ManpowerGroup suite of solutions is offered through ManpowerGroup® Solutions, Manpower®, Experis®, and Right Management®. More information on ManpowerGroup Singapore is available at: www.manpowergroup.com.sgAbout ManpowerGroupManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of the World's Most Ethical Companies for the tenth year and one of Fortune's Most Admired Companies for the seventeenth year, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com