Market caution extends hiring process
Toby Fowlston, Managing Director - Southeast Asia, Robert Walters comments:
“The increase in job advertising was more positive than expected given that Singapore’s GDP is currently growing at 2%. While employment demands within the digital, e-commerce and cyber security sectors remained strong, we saw an increase in the length of time required to successfully hire. Caution in the market caused delays in hiring decisions, which led to positions left unoccupied for longer periods of time and repeated job advertising. As employers became more invested in making the right hires and retaining talent, the strategic role of human resources remained critical to organisations.”
- As professionals’ aspirations to advance their careers and skill sets increased, companies implemented learning & development programmes as part of talent retention strategies. Job advertising for human resources professionals grew 10% from Q1 2015 to support such initiatives.
- Continued investment and interest from venture capital companies in technology start-ups drove job volumes for IT professionals up 8%.
- Demand from the mushrooming e-commerce and digital sectors saw a 19% spike in marketing job advertisements as companies sought to utilise more creative channels to connect with consumers.
- A surge in demand for sales professionals saw a 13% growth in advertised jobs as businesses aimed to boost their revenue streams and improve bottom lines.
For the full report, please click to download the Robert Walters Asia Job Index Q1 2016 report.
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