ManpowerGroup foresees record hiring activity in Singapore for 3Q18

SINGAPORE (June 12): Employers in Singapore are reporting their strongest hiring intentions in nearly three years, according to the latest ManpowerGroup Employment Outlook Survey released today.

Out of the 670 Singapore employers surveyed, 17% expect to increase staffing levels and only 5% intend to let staff go, while 70% anticipate no change. After accounting for seasonal variation, Singapore’s employers booked a Net Employment Outlook (NEO) of +12%.

ManpowerGroup’s NEO is used as a measure of employers’ hiring intentions, and derived by subtracting the percentage of employers who see a decrease in employment at their location in the next quarter, from the percentage of employers anticipating total employment to increase.  

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