Home » Uncategorized » Vacant jobs in Singapore down 7%

Vacant jobs in Singapore down 7%

Text Widget

This is a text widget, which allows you to add text or HTML to your sidebar. You can use them to display text, links, images, HTML, or a combination of these. Edit them in the Widget section of the Customizer.

Looking for jobs in Australia? Find your dream job or let our expert recruiters find it for you. Find jobs. Be found.

Register for free

You are just steps from finding new employment opportunities in Singapore.


Blame the hiring restrictions on foreign born non-resident professionals.

There was a slowdown in Singapore’s job market in the previous quarter as the government ramps up efforts to limit foreign born non-resident professionals from the employment market.

According to Morgan McKinley, Singapore has seen 7% decrease in jobs and 17% decline in the number of people seeking employment in 4Q16 compared to the previous quarter.

Morgan McKinley Asia Pacific COO Richie Holliday said the hiring restrictions are a source of ongoing alarm for both employers and candidates. He noted that the restrictions mean that when organisations reach their quota, irrespective of their needs and the availability of qualified candidates, they are barred from hiring anyone but citizens and permanent residents.

More so, he mentioned that the government’s populist hiring tack is at odds with economic realities, as Singapore lacks a robust domestic market and its employers rely on their ability to hire the best from around the globe.

“We’re hearing from candidates and employers on the ground that Singapore is becoming a less attractive place to do business because of the quota system”, said Holliday.

Meanwhile, the new quota system is not the only challenge Singapore’s employment market faces. Holliday pointed out that the cost of living is growing increasingly expensive, and it is home to strong wage inflation.

“Both factors are contributing to making Singapore a comparatively less attract ive hub for the financial services jobs,” he said.

Do you know more about this story? Contact us anonymously through this link.

– See more at: http://sbr.com.sg/hr-education/news/singapore-jobs-down-7-in-q4-number-jobseekers-sees-17-decline#sthash.Y8eBljl3.dpuf


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: