MORE new-to-market jobs and opportunities are expected to drive wage inflation in Singapore, according to the latest Robert Walters Asia Job Index Q2 2014 report.
The report – which tracks job advertising volumes for professional posts across major job boards and national newspapers in China, Hong Kong, Japan, Malaysia, Singapore and South Korea – found that job advertisements were up 59 per cent year-on-year in Singapore in Q2.
For Asia, overall job advertisements were up 28 per cent year-on-year, pointing to a more active employment market.
“With the Fair Consideration Framework gathering pace in Singapore, the demand for local talent rose across industries,” said Toby Fowlston, managing director (Singapore) for recruitment consultancy firm Robert Walters. “However, it remained a candidate driven market which left positions vacant for extended periods and longer-running job advertisements.”