Asia executive hiring better but still slow -Hudson
By Susan Fenton
HONG KONG, July 9 (Reuters) – Job prospects for executives in Asia have improved in the past three months as employers expect business to pick up later in the year, though they are still cautious about adding headcount, a quarterly survey showed on Thursday.
Hiring expectations in Singapore rose in the past three months for the first time since early 2007 and in Hong Kong increased for the first time since early last year.
Still, only 26 percent of Singapore employers plan to take on staff in the next three months, up from 20 percent last quarter, and in Hong Kong just 22 percent expect to be recruiting, up from 14 percent.
In China, only 27 percent of respondents said they would be hiring, down slightly from 30 percent in the previous quarter. However, recent economic data suggest the world’s third-biggest economy is accelerating and 34 percent of companies in the manufacturing and industrial sector aim to take on staff this quarter, up from 21 percent last quarter.
The survey previously covered Japan but Hudson, part of Chicago-based Chicago-based Hudson Highland Group ( HHGP – news – people ) Inc, said it closed its Japan operation in April and would no longer include the country in its quarterly surveys.