{"id":25109,"date":"2024-02-14T23:45:00","date_gmt":"2024-02-14T23:45:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4336583_AE36583_0"},"modified":"2024-02-14T23:45:00","modified_gmt":"2024-02-14T23:45:00","slug":"singapores-job-market-displays-positive-growth-trends-and-hiring-sentiment-for-2024-reeracoen-survey","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=25109","title":{"rendered":"Singapore&#8217;s Job Market Displays Positive Growth Trends and Hiring Sentiment for 2024: Reeracoen Survey"},"content":{"rendered":"<br \/>\n<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2144980\/reeracoen_group_logo_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SINGAPORE<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 15, 2024<\/span><\/span> \/PRNewswire\/ &#8212; A recent survey by <u><a href=\"https:\/\/www.reeracoen.sg\/en\" target=\"_blank\" rel=\"nofollow noopener\">Reeracoen<\/a><\/u>, a leading provider of human resource services in <span class=\"xn-location\">Singapore<\/span>, provides insightful revelations about employers&#8217; hiring motivations and workforce plans across 30 industries in <span class=\"xn-location\">Singapore<\/span> for 2024. The <u><a href=\"https:\/\/mcusercontent.com\/18d22ac89ea0f344b511f2063\/files\/559ad415-e6f2-8050-96ff-23ff88b78a94\/Singapore_Companies__Hiring_Motivations_amp_Workforce_Future_Planning.pdf\" target=\"_blank\" rel=\"nofollow noopener\">survey<\/a><\/u> of 159 companies indicates a promising hiring outlook amidst economic expansion and new business ventures.<\/p>\n<p>Notably, demand for specialised skill sets signals <span class=\"xn-location\">Singapore&#8217;s<\/span> emphasis on building a skilled, future-ready workforce. Reeracoen Group CEO Mr <span class=\"xn-person\">Kenji Naito<\/span> affirms, &quot;The emphasis on specialised skills in <span class=\"xn-location\">Singapore&#8217;s<\/span> hiring trends reflects the nation&#8217;s dedication to staying competitive and innovative in a global market. This focus is crucial for workforce development and continuous learning.&quot;<\/p>\n<p><b>Key Findings:<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Hiring Plans:&nbsp;<\/b>Out of 159 respondents, 95 (59.1%) have hiring plans for 2024, with about half of these companies (49.7%) looking to hire between 1-3 headcounts. Smaller companies show a trend of significant expansion, with some planning to hire more than ten headcounts.<\/li>\n<li><b>Reasons for Hiring: <\/b><span>The primary reasons include filling vacancies or replacements (35.8%) and catering to business expansion (34.0%). There is a notable demand for individuals with <\/span>specialised<span> skill sets (13.8%).<\/span><\/li>\n<li><b>Recruitment Methods:&nbsp;<\/b><span>Most companies (88.1%) rely primarily on recruitment agencies for hiring needs, with other platforms like <\/span>MyCareersFuture<span> and <\/span>JobStreet<span> also used.<\/span><\/li>\n<li><b>Recruitment Agency Success:&nbsp;<\/b><span>Among those using recruitment agencies, 74.8% successfully hired candidates in the past year, with hires ranging from 1 to over ten staff per company.<\/span><\/li>\n<\/ul>\n<p>Mr Naito added, &quot;The surge in hiring plans underscores the economy&#8217;s resilience and growth potential. The substantial expansion of smaller-sized companies highlights <span class=\"xn-location\">Singapore&#8217;s<\/span> role as a hub for business development.&quot;<\/p>\n<p>The findings are integral for businesses to make strategic workforce plans aligned with emerging hiring trends. The positive sentiment also presents opportunities for job seekers to join growth-oriented companies and develop specialised skills. As <span class=\"xn-location\">Singapore<\/span> charges ahead with economic transformation, continuous upgrading will be vital for long-term career success.<\/p>\n<p>To access more valuable content and stay updated with Reeracoen, please visit the official website at <u><a href=\"https:\/\/www.reeracoen.sg\/en\/services\/recruitment_solutions\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.reeracoen.sg\/en\/services\/recruitment_solutions<\/a><\/u> and follow on LinkedIn at <u><a href=\"https:\/\/www.linkedin.com\/company\/reeracoen-singapore-pte-ltd-\/\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.linkedin.com\/company\/reeracoen-singapore-pte-ltd-\/<\/a><\/u>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder3033\">\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"><a href=\"https:\/\/mma.prnasia.com\/media2\/2340199\/Reeracoen_s_Group_CEO_Mr_Kenji_Naito.html\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2340199\/Reeracoen_s_Group_CEO_Mr_Kenji_Naito.jpg?p=medium600\" title=\"Reeracoen\u2019s Group CEO, Mr Kenji Naito\" alt=\"Reeracoen\u2019s Group CEO, Mr Kenji Naito\" \/><\/a><br \/><span>Reeracoen\u2019s Group CEO, Mr Kenji Naito<\/span><\/p>\n<\/p><\/div>\n<p><b>About Reeracoen Singapore Pte Ltd<\/b><\/p>\n<p>Reeracoen Singapore Pte Ltd is one of <span class=\"xn-location\">Singapore&#8217;s<\/span> leading recruitment agencies. With our extensive networks, we effectively source and match high-calibre candidates to our partners. Our clients enjoy peace of mind knowing that as part of the Neo-career group, Reeracoen is committed to delivering the same Japanese professionalism and service quality across our ten offices in 6 Asian countries. For more information, visit <u><a href=\"https:\/\/www.reeracoen.sg\/\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.reeracoen.sg\/<\/a><\/u> and follow us on social media.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\">\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Feb. 15, 2024 \/PRNewswire\/ &#8212; A recent survey by Reeracoen, a leading provider of human resource services in Singapore, provides insightful revelations about employers&#8217; hiring motivations and workforce plans across 30 industries in Singapore for 2024. The survey of 159 companies indicates a promising hiring outlook amidst economic expansion and new business ventures. Notably, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-25109","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Singapore&#039;s Job Market Displays Positive Growth Trends and Hiring Sentiment for 2024: Reeracoen Survey - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=25109\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Singapore&#039;s Job Market Displays Positive Growth Trends and Hiring Sentiment for 2024: Reeracoen Survey - My Blog\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, Feb. 15, 2024 \/PRNewswire\/ &#8212; A recent survey by Reeracoen, a leading provider of human resource services in Singapore, provides insightful revelations about employers&#8217; hiring motivations and workforce plans across 30 industries in Singapore for 2024. The survey of 159 companies indicates a promising hiring outlook amidst economic expansion and new business ventures. 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