ManpowerGroup Employment Outlook Survey

ManpowerGroup Employment Outlook Survey indicates Singapore’s employers expect a conservative hiring pace in 2Q 2017

According to the latest ManpowerGroup Employment Outlook Survey results released by ManpowerGroup Singapore, job seekers in Singapore can expect to benefit from a modest hiring pace in the second quarter of 2017 as surveyed employers continue to report conservative hiring intentions.

Of the 700 employers surveyed, 13% of employers forecast an increase in staffing levels, 5% anticipate a decrease and 81% are not expecting any changes. After making adjustments to allow for seasonal variation, the Net Employment Outlook is +8%. Hiring intentions remain relatively stable quarter-over-quarter but decline by 2 percentage points year-on-year.

Hiring plans are mixed across the sectors with the Manufacturing and Finance, Insurance & Real Estate sectors reporting weaker hiring intentions in comparison to the first three months of the year, whereas employers from the Public Administration & Education, Transportation & Utilities and Mining & Construction sectors expect the hiring pace to increase.

Employers in six out of the seven industry sectors expect to add to payrolls by varying degrees in the second quarter. The Public Administration & Education sector employers report the strongest hiring prospects with a Net Employment Outlook of +17%. Elsewhere, employers in the Finance, Insurance & Real Estate sector and the Transportation & Utilities sector anticipate steady hiring activity with Outlooks of +16%. Other sectors report positive Outlooks except for the Wholesale Trade & Retail Trade sector where employers anticipate an uncertain hiring climate, reporting an Outlook of -1%.

Compared to last quarter, hiring plans have strengthened in five of the seven industry sectors. Most sectors, including the Public Administration & Education and Transportation & Utilities sectors have increased their hiring intentions compared to Q1 2017. Meanwhile, hiring intentions weaken in two sectors, with the Manufacturing sector and the Finance, Insurance & Real Estate sector reporting decreases of 4 and 3 percentage points respectively.

Year-over-year, employers report stronger hiring plans in three of the seven industry sectors. The most noteworthy increases of 11 and 8 percentage points are reported for the Public Administration & Education sector and the Transportation & Utilities sector, respectively. However, Outlooks also weaken in three sectors, including the Wholesale Trade & Retail Trade sector, with a decline of 6 percentage points, and the Mining & Construction sector, where the Outlook declines by 3 percentage points.

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