According to a report by global head hunting firm Hudson, employers are taking a more cautious approach to hiring in the first half of 2015.
Close to 40% of employers surveyed say they expect to increase headcount. This is 6.8% lesser than the second half of 2014. The slowdown in growth is due to a lack of demand from the Eurozone and China, which has affected certain industries.
The InfoComm and Technology (IT) sector has the strongest hiring intentions with about 52.4% of employers expressing their intention to increase their headcount. The sector has seen sustained growth over the past 12 months as companies invest in their IT systems and functions.
General Manager of Hudson Singapore, Emmanuel White highlighted that there is a rise in demand for roles related to data security, project management, big data and emerging technologies such as cloud computing. He added that there’s also a growing requirement for digital specialists who use digital platforms to maximize their companies’ presence and revenue.
“Candidates who can demonstrate collaboration and influencing skills will also be sought after, as IT must now become a business partner rather than just a service provider,” said Mr White.
Besides the IT sector, the manufacturing and industrial sectors are also showing growth.
The banking and financial services sector on the other hand are not faring that well with only 36% of employers in the sector intending to hire.