News Formal

About half of Singapore companies are still looking to hire more staff: Report

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

In addition to rising vacancies, the retrenchment rate has shown a positive trend, declining from 3,460 in the previous quarter to 3,030 in Q1 2024

SINGAPORE: Singapore’s labour market is expected to remain tight as demand for talent continues to surge alongside an improving economic climate.

Data from the Ministry of Manpower supports this outlook, showing a notable increase in the share of companies planning to hire more workers in the upcoming quarter. The total number of job vacancies continued to climb for the second consecutive quarter, further underscoring the strong demand for talent.

Employment figures across Singapore also showed growth, with the total number of employed individuals increasing by 4,700 in the first quarter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stress levels among Singapore firms highest in Southeast Asia: reportpemThe report also showed optimism in the labour market is waning./em/p pA new survey by Jobstreet and Jobsdb showed the average organisational stress level among companies in Singapore was the highest in Southeast Asia./p pOn a scale of 10, firms in the city-state reported an average stress level of 5.
Source: SBRMagazine - 🏆 13. / 51 Read more »