Jobseekers can breathe a sigh of relief at Michael Page Singapore’s latest talent trend report, which predicts that four in 10 local companies intend to increase their headcount numbers in 2021. This followed a steep 35% drop in hiring activity in Singapore in 2020 as a result of the Covid-19 recession. 

“Singapore’s economy has turned a corner and remains a stable, secure and trusted hub, with seamless connections. As the economy recovers, investment into the market will flourish, and that would drive the demand for talent amid the business recovery climate,” remarks Michael Page Singapore’s managing director Nilay Khandelwal. 

The report notes that job creation in Singapore’s technology sector is the main driver of employment growth. Businesses have had to ramp up technological capabilities in the wake of Covid-19 to ensure business continuity, buoying the performance of tech firms. 

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