Singapore vacancy volumes are softening, but not collapsing, as several job functions remain in demand: that’s the key message from the recent eFinancialCareers roundtable in the city state.
Although redundancies remain rare, recruitment is down on last year because an emphasis on cost control means firms are not expanding as rapidly as they were in 2010, according to the 15-strong panel of in-house HR professionals from leading financial institutions.
“The amount of growth hiring we predicted back in January hasn’t happened. Plus there haven’t been as many resignations. Attrition hasn’t reached levels we thought it might. It’s about 10 per cent down on last year,” said one of the delegates, all of whom asked not to be named in this report. Full story
