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Friday, April 13, 2012

Singapore salary report!

Wednesday, 08 June 2011
Want to see website: Singapore salary report!



A Slowdown in Employment - Job Outlook for Singapore in Fourth Quarter 2011, 
says JobStreet.com

Singapore, 11 January, 2012 – JobStreet.com releases its Job Outlook Report for the Fourth Quarter of 2011, and finds a slowdown in employment across all industries.

The Job Outlook Index, as measured by JobStreet.com, looks at the expectations of job growth (or employment prospects) in the industries on a quarterly basis. A higher index means that the industries are creating jobs and employment, while a lower index means the reverse with lesser jobs on offer.

For the Fourth Quarter of 2011, the Job Outlook Index registered 38 points, a 22-point drop from the preceding 60 points, which reflected the general confidence level about the economy.
Job Growth or Employment Prospects: For the Fourth Quarter of 2011, 35.5% percent of respondents felt that employment prospects for the next 12 months will be slightly worse, while 27.5 percent said that it will remain the same. Only 18.5 percent were optimistic, saying that job growth will get better.
Effects of Slowdown: Respondents were negative about the effects of the slowdown on the economy, with 54 percent saying that the economy will only recover in the 2nd half of 2012. Another 17.6 percent expressed that the economy will be rather stagnant for 2012. There are also 22.8 percent said that they are uncertain about the economy and thus will hire lesser. Interestingly, 5.6% percent are positive that the economy will improve.
Hiring Activities: About 14.5 percent of employers felt more optimistic in expanding their new hire rate, while another 19.8 percent said they will maintain their present hiring rate. The bulk percentage (45.7%) said that they are hiring less for the next 12 months, taking on new employees to only fill essential positions, and the remaining 20.1 percent said that they will not be hiring in the near future.

Top 10 Specializations Employers Seek
4Q 2011
3Q 2011
All Industries
1
1
Marketing & Business Development
2
4
Sales & Marketing (Corporate/Wholesale/Merchandising/Retail)
3
3
Customer Service
4
2
Computer & IT (Software)
5
5
Sales & Marketing (Engineering/Technical/IT)
6
8
Engineering (Mechanical)
7
7
Engineering (Electrical)
8
11
General/Cost Accounting
9
6
Human Resources
10
17
Freight & Shipping
Top specializations sought: The top specialization still towards Marketing & Business Development. And most of the specializations remain unchanged. Marketing & Business Development and Sales & Marketing will still be in demand for 2012, not forgetting, Customer Service as well.

Note:About 320 JobStreet.com clients, managers and senior managers across various industries in Singapore participated in this survey in December 2011.


What people are saying about Fourth Quarter 2011:

"Market doesn’t seem to be improving or companies don’t want to take people in. Companies or consultants just give the jobs board about the job they have but don’t know if they really want to take in people.”
(Industry: Finance)

"The labour supply in construction industry remains very tight in local PM, Site Engineers, SQS, Coordinators, etc. There is no shortage of foreign applicants but the demand for senior level positions are not there for the foreigners.”
(Industry: Construction)

"Seriously nothing moving much, everything is freezed"
(Industry: Computers and information technology)

"Headcount at best remains the same."
(Industry: Trade - Retail, wholesale and general)

"In general, the situation is improving but still has a way to go, to reach pre-financial crisis levels, if that. However, in the low to mid income range in Singapore, salaries are still much lower than they should be, versus cost of living which is increasing."
(Industry: Finance)


79% will consider a Career Switch in Singapore
Singapore, 10 January, 2012: Only 55% of Singaporeans said 2012’s employment market is suitable for a job change, according to a recent survey conducted by JobStreet.com. 79% of Singaporeans will consider a career switch.

Only 39% are still confident to secure a job, 47% are uncertain but willing to continue their job search and the rest are not confident and believe it will take a longer duration. When we asked the duration needed to secure a job, 36% said it will take about 3 – 5 months, another 33% said the duration may extend to 6 months and above.

On the other hand, the top three pulling factors for a job change are the Salary package offered by potential employers, the financial stability of the organization, Career advancement within the organization.

On a final note, when we queried about methods Singaporean jobseekers use to find jobs, 87% of jobseekers surveyed said that they will look for jobs through Job portals, while another 52% would do so through referrals and Newspapers. Another 39% said they would look for jobs through head hunters.

About 2800 managers, senior executives and executives in Singapore participated in the survey in December 2011.

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