21 Jan '11, 2pm

More SMEs to step up hiring

SINGAPORE: Small and medium enterprises (SMEs) will step up their hiring efforts going forward due to renewed confidence in the economy. According to HSBC's latest global SME survey 'HSBC Small Business Confidence Monitor', the number of local SMEs hiring more staff rose by 24 per cent in the second half of 2010. HSBC said SMEs are likely to boost headcount in areas such as marketing and global services to help internationalise their operations. HSBC said companies froze their hiring plans two years ago due to the effects of the financial crisis. But double digit GDP growth of 14.7 per cent in 2010 has boosted confidence among SMEs to start hiring again. Willie Tham, Head of Commercial Banking HSBC Singapore, said: "There's now a pent up demand to have good people on board. So as companies internationalise, SMEs included, they have to recruit and train." The survey is cond...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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