More banking jobs this year

More businesses here - particularly the banking and finance sector - are planning to increase headcount in the second half of the year, according to hiring firm Hudson.

The Employment Trends study released yesterday showed that almost half of employers polled intend to increase headcount over the next six months - an increase of 7.8 percentage points from the first quarter.

The banking and financial services sector reflected the strongest hiring intentions, with 56.3 per cent of employers planning to hire more staff in the second half of the year.

According to Hudson Singapore's regional director Emmanuel White, the growing demand in banking and services is mainly driven by a focus on business-critical roles such as compliance and risk, and front office relationship positions.

Insurance is also an important growth area, he noted.

The information technology and telecommunications and the manufacturing industry sectors rank second and third, with positive hiring intentions at 52.4 per cent and 43.6 per cent respectively.


In contrast, employment expectation continues to decline within the consumer sector, with only 42 per cent of employers looking to increase headcount - down 1.2 percentage points from Q1.

The healthcare and life sciences industry has the lowest hiring intentions at only 41.9 per cent.

"Growing business sentiment is having a positive effect on the recruitment market. We've gone from headcount freezes to companies looking to expand their workforce," said Mr White.

This article was first published on July 4, 2014.
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