Singapore Markets closed

Demand for jobs in S’pore to be driven by attrition: Robert Walters


Salary levels remained stagnant across industries in Singapore last year, but certain sectors are seeing rising job opportunities, according to specialist recruitment consultancy Robert Walters.

In the 14th edition of its annual global salary survey launched Wednesday, the firm said that for Singapore it expects relatively high job levels in the fast-moving consumer goods (FMCG), and oil and gas sectors, but that in other sectors it anticipates most demand will be driven as a result of natural attrition.

Robert Walters managing director for Singapore, Malaysia and Vietnam, Andrea Ross, noted that many businesses are also pushing for contract employments in order to manage costs.

She also observed that clients in the three countries are focused on hiring local talents.

Robert Walters also expects business growth within the chemicals, pharmaceuticals and medical devices sectors as well as an increase in employment for law firms awarded with the Qualifying Foreign Law Practice (QFLP) licence.

Private bankers will be increasingly sought after given the growing number of millionaires in Asia Pacific, it said, but that companies will streamline their human resource teams.

Technical healthcare, FCMG and luxury retail sectors will see a shortage of capable talents unless employers offer regional responsibilities, attractive remuneration and development opportunities to attract the right candidate.