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Hiring boom seen for financials and real estate

SINGAPORE: Posting a strong employment outlook of +57%, the financials and real estate sector may soon see a hiring boom, according to a report from ManpowerGroup.

The Lion City is no exception to the global trend of strong hiring confidence for the sector. Meanwhile, the local energies and utilities sector might see a similar boom, as it recorded a +50% employment outlook.

Overall, Singapore posted a +33% net employment outlook, a 3 percentage point drop from the previous quarter but also a 19 percentage point increase from the same period last year. Out of the 510 employers surveyed by the group, 45% said they were planning to increase staffing numbers, 12% anticipate a decrease, whilst 39% plan to keep their current headcount.

“Singapore’s labour market is starting to show signs of cooling down amid economic uncertainties and rising costs of business operations. Nonetheless, there is still a strong demand for talent across sectors, especially in Financials & Real Estate where companies are hiring tech talent aggressively to grow their digital financial services capabilities,” said

Linda Teo, Country Manager for ManpowerGroup Singapore in a press statement.

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