There are growing signs of a pick-up in hiring in the banking and IT sectors, bringing good news to job-seekers affected by the recent economic recession. -- ST FILE PHOTO
THERE are growing signs of a pick-up in hiring but only in certain sectors, such as banking, while manufacturers adopt a wait-and-see attitude.
That is good news for job-seekers, who faced bleak times in the recession, which was recently declared over.
The general consensus among human resource consultancies and some employers is that next year holds significantly better prospects for hiring.
Aside from financial services - one of the sectors hardest hit by the downturn - other sectors with a bright outlook include IT and telecommunications, and aviation.
Human resources consultancy Hudson Singapore's director Karen Kwan cited upbeat data in the firm's latest quarterly forward-looking employer hiring expectations for the current fourth quarter.
For the second straight quarter, the report shows a substantial jump in expectations, with 43 per cent of banking and financial services companies planning to hire more staff. That is up from 32 per cent the previous quarter.
Read the full story in Wednesday's edition of The Straits Times.
