Thursday, April 12, 2012

Hiring expectations remain steady in Q2

SINGAPORE: Hiring expectations remain steady, with 42 per cent of respondents expecting to grow headcount in the second quarter of this year, according to the latest Hudson Report figures released on Wednesday.

There has been little change in expectations in recent Hudson Report surveys of 600 executives across key business sectors.

Corresponding figures for the fourth quarter of last year and the first quarter of this year were 42 per cent and 44 per cent respectively.

Overall, 6 per cent of respondents forecast a reduction in hiring this quarter, little changed from the previous quarter's 7 per cent.

Executive general manager of Hudson Singapore, Andrew Tomich, said: "Despite pockets of optimism in certain segments and for specific roles, the overall sentiment is cautious.

"In the current economic climate, organisations with the ability to identify and attract great hires will have a tremendous advantage over their competitors."

Hiring expectations have dipped in all the sectors surveyed over the past year. This quarter's overall figure of 42 per cent compared to 61 per cent in Q2 2011.

Expectations then were just one per cent below their peak for over a decade, but started to fall sharply in the following quarter as Europe's economic problems became more critical.
Source From Channel News Asia

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