SINGAPORE — Nearly nine of 10 employers here are expected to continue steady hiring this year, although many are expected to be more stringent in the recruitment process to make sure they can employ the right talent, a survey released yesterday showed.
Results of a salary and employment survey by international recruitment consultancy PageGroup showed that 88 per cent of employers expect hiring activity to hold steady or improve this year. However, nearly half of the respondents expect to face professional-skill shortages, while 53 per cent identified staff turnover as an issue that would persist this year.
“While Singapore’s employment market will continue to be active in 2014, employers are generally adopting a more considered approach with tighter controls around the recruitment process to make sure professionals are the right fit for their organisations,” said PageGroup Singapore Managing Director Jerome Bouin. “This approach, coupled with effective retention strategies, will be the key to addressing staff turnover and shortage of talent over the coming year.”
The report also showed salary increases are likely to remain conservative, with 70 per cent of respondents planning to raise average pay by between 1 and 5 per cent, while 23 per cent indicated possible higher increases of between 6 and 10 per cent.