19 Oct '11, 8am

More local firms expect to hire fewer staff in next few months

The survey of 450 executives showed that 42 per cent expect to increase their headcount, compared to 56 three months ago, one of the sharpest drops in sentiment since the survey began back in 2003. -- ST PHOTO: ENRIQUE SORIANO By Aaron Low Hit by the uncertain global environment, businesses here have cut their hiring expectations for the next few months, as they take a wait and see approach on getting new staff, a survey by Hudson said on Wednesday. The survey of 450 executives showed that 42 per cent expect to increase their headcount, compared to 56 three months ago, one of the sharpest drops in sentiment since the survey began back in 2003. Financial services was the worst hit as the strong volatility in the markets dampened confidence in the sector. One in three financial firms said they will hire, while 13 per cent of them said they will decrease staff on their payrol...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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