Taiwan hiring outlook highest in Asia-Pacific region in Q2

Finally, some good news from India Inc: layoffs on pause

Finally, some good news from India Inc: layoffs on pause

ManpowerGroup's quarterly employment outlook survey (MEOS) suggests that the net employment outlook in Singapore for the second-quarter (Q2) of 2018 is +11%.

The survey commissioned by ManpowerGroup says that 10 per cent of area employers plan to hire during the quarter, an increase of five per cent compared to the same time period a year ago. According to ManpowerGroup, it's the highest national number since 2011.

"While the country still faces challenges in terms of repairing years of economic sluggishness, promises of policy certainty and consistency seem to have had a further positive effect on confidence and the strength of the economy thus far". Meanwhile, the weakest Outlook is reported by Manufacturing sector employers, standing at +9%.

The Transportation and Utilities sector (+21 percent) shows a decline over the previous quarter, but is still 7 percent higher than the outlook for 2Q, 2017. The strongest outlooks are reported in Leisure & Hospitality (+28%), Professional & Business Services (+23%), Wholesale & Retail Trade (+23%), and Durable Goods Manufacturing (+19%). Similarly, employers in the Services sector report a decline of three percentage points compared to the same period in 2017.

Sector comparisons Payroll gains are anticipated in nine of the 10 industry sectors during the coming quarter. When compared with 1Q 2018, hiring prospects are five percentage points stronger in Gauteng, and improve by two percentage points in KwaZulu-Natal. Across the United States, one in five employers expect to grow their work force in the next three months, according to the survey. The strongest labour market is anticipated by Large employers with a Net Employment Outlook of +18%. However, uncertain hiring plans are reported by small and micro-size businesses with employment outlooks of -1% and -5%.

On the regional level, 20 percent of Midwest employers expect to hire more workers for the second quarter, the strongest labor market for the region since 2001.

Staffing levels are expected to grow in all eight Asia Pacific countries and territories surveyed for the April-June period, i.e. Australia, China, Hong Kong, India, Japan, New Zealand, Singapore, and Taiwan. However, second-quarter forecasts improve in only two countries and territories when compared with the first three months of the year, decline in three and are unchanged in three.

The strong national result is unchanged when compared to the same period a year ago, but declines by three percentage points quarter-on-quarter.