job market

Morgan Stanley plans to hire dozens for Asia wealth buildup

SINGAPORE (Jan 17): Morgan Stanley plans to add dozens of staff at its wealth business in Hong Kong and Singapore this year, signaling its confidence in the world’s fastest-growing region when it comes to minting millionaires.

The New York-based bank is looking to add 30 to 35 private bankers in the two cities this year, Asia-Pacific wealth head Vincent Chui said in an interview with Bloomberg Television in Hong Kong on Friday.

Flexible working should be a business rather than gender issue, says Hays

SINGAPORE (May 29): Offering flexible working hours is key to improving a company’s diversity and inclusion (D&I) effectiveness – not as a “female friendly” policy just for the benefit of working mothers, but simply a “family friendly” one.

This is according to professional recruiting group Hays plc, who says flexible working is a “highly effective tool” to achieving better diversity, and that it should be implemented early in the recruitment stage.

Singapore indicates region's weakest hiring intentions for 1Q19: ManpowerGroup

SINGAPORE (Dec 11): Singapore’s hiring pace is expected to moderate in 1Q19 after three consecutive quarters of strengthening labour market activity, according to the latest ManpowerGroup Employment Outlook Survey.

After accounting for seasonal variations, ManpowerGroup notes that the net employment outlook was +10%, unchanged y-o-y but down from 11%-13% over 2Q-4Q18. This means hiring intentions declined by 3 percentage points when compared to the previous quarter, but unchanged in comparison to a year ago.  

Singapore job market shrinks significantly in 4Q

SINGAPORE (Jan 19): Singapore saw a significant drop in both jobs and job seekers this current Q4, according to Morgan McKinley’s APAC Employment Monitor for 4Q17.

As compared to a strong performance in Q3, jobs were down by 20%, while professionals seeking new jobs were down 37% q-o-q.

Richie Holliday, COO of Morgan McKinley Asia Pacific says, “Despite closing the year with a low performance, the financial services market in Singapore was stronger in 2017 than 2016.”

Randstad to fully acquire Monster for US$3.40 per share on Nov 1

SINGAPORE (Oct 31): Come tomorrow, Monster Worldwide will no longer be listed on the New York Stock Exchange (NYSE).

The owner and operator of global employment website is expected to cease trading prior to market open on Nov 1 upon becoming a wholly-owned subsidiary of Randstad Holding, the Dutch human resource (HR) consulting firm.

The No.1 skill employers are seeking both globally & in Singapore

SINGAPORE (Oct 24): Arm yourself with knowledge in Cloud and Distributed Computing, and you will be virtually employable anywhere in the world.

For the second year in the row, this remains the most sought-after skill by employers both globally and in Singapore, according to LinkedIn’s Top Skills 2016 ranking, which reflects current trends in job markets based on LinkedIn data.

Fed Beige Book shows ‘mostly positive’ outlook for US economy

(Oct 20): The US economy maintained a steady growth pace between late August and early October, as a tight labour market with nascent wage pressures contributed to a “mostly positive” outlook, a report from the 12 Federal Reserve districts showed.

“Most districts indicated a modest or moderate pace of expansion,” according to the Fed’s latest Beige Book, an economic survey by reserve banks. “Outlooks were mostly positive, with growth expected to continue at a slight to moderate pace in several districts.”

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