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Hudson Report shows sustained high employment outlook in Quarter 2

 

37% of more than 600 respondents in Singapore indicate adding headcount

Hudson, one of the world’s leading professional staffing, outsourcing and human capital solution providers and a division of Hudson Highland Group, Inc. (NASDAQ: HHGP), on 30 Mar 2004 released findings of its Hudson Report for quarter two 2004.

Hudson Global Resources recruitment professionals personally surveyed all respondents. In Asia, more than 1,600 respondents overall were surveyed in Singapore, Hong Kong, China and Japan in January 2004. Employment decision-makers in six industry sectors were surveyed: Consumer; Engineering / Operations / Technical; Finance; Health; IT and Telecoms and Legal.

Five significant findings were observed in the Hudson Report for Q2.

• The high level of hiring observed in Q1 continues into Q2.

• More companies expect either a ‘Good’ or ‘Excellent’ performance for their organisations within the first six months this year.

• One-half of all surveyed also said the job market would be ‘Good’ for the first half of 2004. Another 4% said ‘Excellent’.

• 62% are ‘Confident’ that the Singapore economy is on the rebound.

• 42% of all respondents expect to face talent retention issues this year.

The number of companies that intend to increase permanent headcount is maintained at the high level recorded for Q1. Of the more than 600 respondents surveyed, 37% said they intend to add headcount in Q2.

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Tuesday
6 April 2004