Candidates will be more open to temporary roles in Singapore as budget constraint causes employers to move towards contingent hiring, according to recruiting experts Hays.
This is one key finding from the latest Hays Quarterly Report for the April to June quarter, which identifies key trends in the job market.
Lynne Roeder, Managing Director for Hays in Singapore, says: “The global economic downturn has had an impact on the businesses in Singapore, with companies offering an increasing number of contract jobs to fill vacancies.”
Candidates are now taking an open attitude towards temporary roles as they also feel the effects of the economic slowdown. Nonetheless, it won’t be easy to secure a temporary role as competition escalates.
Singapore is expected to see a rising number of senior candidates come onto the market as employers, owing to budget concerns, capitalise on the abundant pool of less experienced talent to take on a more senior remit.
“Overall, hiring activity will be positive, particularly in areas such as compliance, engineering, technology and insurance,” said Lynne.
According to the Hays Quarterly Report for April to June, some of the skilled professionals in demand include:
- Accountancy & Finance:Regulatory Reporting Managers, FACTCA and SOX Compliance Managers, System Implementation Specialists
- Architecture:Transportation and Rail Project Managers, Landscape Architects, Perspective professionals
- Audit, Risk & Compliance:Regulatory Compliance and Anti-Money Laundering Specialists, Anti-bribery Specialists, Product Auditors,
- Banking & Financial Services:Debt Market Specialists, Trade Finance Managers, KYC Specialists
- Construction:LTA MRT professionals, Tunnel Engineers
- Engineering:Tunnelling Engineers, Signalling Engineers, Permanent Way Designers
- Finance Technology:Preventative Cyber Security Specialists, Cyber Security Specialists, Software Developers
- Human Resources:Learning & Development Managers, Talent Acquisition Managers, HR Business Partners
- Information Technology:ERP Project Managers, Senior Interim Technology professionals, Technical Sales Directors
- Insurance:Big Data Experts, Property Underwriters, Treaty Specialists
- Legal:Project Finance Specialists, Asset Finance Specialists, Banking and International Arbitrators
- Life Sciences:Medical Imaging Application Support professionals, Flavourists, Field Service and Application Specialists
- Oil & Gas:Maintenance Field Engineers, Regional Sales and Business Development Managers, Technical Superintendents;
- Procurement & Supply Chain:Distribution Managers, Supply Chain Managers, Category Managers
- Property:CRE professionals, Facilities Planning Specialists, Retail Network Planning Specialists
- Sales & Marketing:Event Management Specialists, Communications Managers, Digital Marketing Managers.
To view the full Report, please visit us at Hays Quarterly Report
Hays is located in Singapore at Level 27, UOB Plaza 2, 80 Raffles Place, Singapore. Phone +65 6223 4535 or email [email protected]
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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For further information please contact Esabella Yeung, Marketing Executive SEA, Asia at Hays, on +65 6424 0158 or [email protected]