EMPLOYERS here who were polled in the latest Manpower Employment Outlook Survey say hiring prospects remain strong for the third quarter of this year.
In the survey by ManpowerGroup Singapore, 22 per cent of 700 employers said they anticipated their payroll to grow in the third quarter, up from 20 per cent who said the same in the corresponding period last year.
Only 2 per cent expected to trim their headcount, down from 5 per cent last year.
The employment outlook, taking into account seasonal variation, rose to 19 per cent, up five percentage points year-on-year.
The employment outlook figure is derived by taking the percentage of employers anticipating total employment to increase in the next quarter, and subtracting from this the percentage expecting a decrease in employment in their business.
Employers in all seven sectors reported healthy growth forecasts in the third quarter of 2014.
Mining and construction is next with a forecast of +22 per cent, and public administration and education at +19 per cent.
The manufacturing sector and the services sector were also relatively upbeat, at +16 per cent and +15 per cent respectively, while the wholesale trade and retail trade came in at the lowest at +12 per cent.
Year-on-year, employers reported strong hiring intentions in six out of the above seven sectors.
The transportation and utilities sector recorded a considerable increase of 12 percentage points; the outlook was eight percentage points stronger in both the finance, insurance and real estate sector and the manufacturing sector.
The jump was six percentage points in the public administration and education sector, and five percentage points in mining and construction.
The only sector with a decline in hiring plans was the wholesale trade and retail trade sector, which registered a drop of three percentage points.
Linda Teo, the country manager of ManpowerGroup Singapore, said: "As Singapore becomes one of the most competitive economies in Asia, the fight for business efficiency and the best talent is intensifying. However, the way companies hire and retain talent has changed more in the last five years than it has in the last 50. Companies have become more innovative and flexible in their hiring practices in their bid to attract talent and to increase their labour productivity."