More employment opportunities are predicted for finance and technology professionals in Singapore, according to the newly released Robert Half hiring forecast for the city.
Businesses are confident about economy and are expanding products, services and footprint. The first half of this year will see more demand for accounting, finance and IT professionals.
The survey of more than 400 corporate leaders in Singapore indicates an increase in confidence levels as compared to last year.
The confidence levels of CFOs working in the commercial or commerce and industry sector jumped from 78 per cent last year to 93 per cent this year.
"Robert Half's survey found business leaders are increasing their permanent headcount because they are brimming with confidence about their economic prospects," said Stella Tang, director of Robert Half Singapore. "Last year new hires were mainly to fill jobs cut during the financial crisis. This year the new hires are for new jobs to drive growth plans."
Scouting for talent
Companies are currently scouting for new talent and 43 per cent of senior business leaders working in the banking or financial services sector plan to add new permanent staff in the next 6 months.
46 per cent of senior business leaders working in the banking or financial services sector intend to maintain current levels, 10 per cent are freezing all new hires and 1 per cent wants to reduce headcount.
45 per cent of the CFOs working in the commerce and industry sector plan to add new permanent finance and accounting staff. 53 per cent said they will maintain their current headcount, three per cent will freeze all new hires and nobody wants to reduce headcount.
35 per cent of CIOs plan to add new permanent staff, 59 per cent will maintain current levels, five per cent will freeze all new hires and one per cent want to reduce headcount.
"The hiring market for banking, finance and accounting professionals will be particularly active for the next six months. Much of the activity will come from emerging market banks creating a base for themselves within Singapore and the region," added Tang.