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Finance jobseekers cheery but banks cautious about hiring: Study

Published on Jun 3, 2014 8:36 PM
 
Jobseekers looking for work in the financial services sector here are more optimistic about their prospects now than anytime in the past year, but banks are turning more cautious about hiring, a new survey has found. -- ST PHOTO: NG SOR LUAN

Jobseekers looking for work in the financial services sector here are more optimistic about their prospects now than anytime in the past year, but banks are turning more cautious about hiring, a new survey has found.

The Candidate Optimism Index compiled by recruitment firm Astbury Marsden now stands at 64.4, its highest level in a year. A score of 50 or higher demonstrates a positive sentiment on jobs.

Recent hiring activity has boosted candidates' optimism about the job market, the firm said.

Some 35 per cent of all Singapore-based banks and financial services businesses surveyed expanded their recruitment activity in the first three months of this year, up from 15 per cent six months ago.

 
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