Wednesday, November 06, 2013

Employers report positive hiring plans

Positive forecasts are reported throughout the Asia Pacific region, with hiring plans growing stronger in three countries quarter-on-quarter – India, Taiwan and Singapore, according to the Q4 2013 Manpower Employment Outlook Survey.

Q4 hiring plans in India are the most optimistic across the globe. Job seekers are likely to benefit from a surge in demand for talent among firms in IT/ITeS, banking and construction. Employability skills remain a challenge for a number of Indian hiring managers. Many acknowledge that there is an abundance of business and engineering graduates, but that too many of them lack the soft skills that are increasingly necessary as India becomes even more interconnected to the global marketplace.

Singaporean employers report strong hiring prospects for the October-December time frame. While 25% of employers expect to increase payrolls, four per cent anticipate a decrease and 65% forecast no change, resulting in a Net Employment Outlook of +21%. Outlooks are positive in all seven industry sectors, with hiring prospects strongest in the Public Admin and Education sector (+36%), and in Finance, Insurance & Real Estate sector, where the Outlook is +34%.

Source: hrm Asia

No comments: