Theo9902
27-10-2006, 04:55 PM
Singapore News
Singapore employers finding it more difficult to recruit staff: survey
By Loh Kim Chin, Channel NewsAsia | Posted: 26 October 2006 2350 hrs
Singapore employers say they are finding it more difficult to recruit staff now than a year ago.
Many even have to offer job applicants substantially higher salaries and more performance bonuses to attract talent.
This is the conclusion of the latest quarterly survey of the Asian labour market by recruitment company, Hudson.
The survey of some 640 companies showed that hiring problems are particularly severe in the manufacturing and banking sectors with 53 percent and 46 percent respectively of the firms reporting a tighter labour market.
The report also found that fewer companies (52 percent) are planning to increase their hiring this quarter compared to the third quarter (56 percent) which was a five-year high.
But the survey says hiring expectations this quarter are still increasing compared to a year ago.
But the biggest challenges over the next year will be hiring and retaining talent.
The report says many companies have responded to the buoyant labour market by recruiting junior staff and then providing training to prepare them for senior roles. - CNA/ch
Singapore employers finding it more difficult to recruit staff: survey
By Loh Kim Chin, Channel NewsAsia | Posted: 26 October 2006 2350 hrs
Singapore employers say they are finding it more difficult to recruit staff now than a year ago.
Many even have to offer job applicants substantially higher salaries and more performance bonuses to attract talent.
This is the conclusion of the latest quarterly survey of the Asian labour market by recruitment company, Hudson.
The survey of some 640 companies showed that hiring problems are particularly severe in the manufacturing and banking sectors with 53 percent and 46 percent respectively of the firms reporting a tighter labour market.
The report also found that fewer companies (52 percent) are planning to increase their hiring this quarter compared to the third quarter (56 percent) which was a five-year high.
But the survey says hiring expectations this quarter are still increasing compared to a year ago.
But the biggest challenges over the next year will be hiring and retaining talent.
The report says many companies have responded to the buoyant labour market by recruiting junior staff and then providing training to prepare them for senior roles. - CNA/ch