No Recession For Singapore Demand For Hiring Is Growing

Global economic growth is slowing down. It has been widely reported that a mild recession is likely this coming year, however Asia Pacific is likely to avoid a recession. Based on the Oxford Economics GDP (Gross Domestic Product) forecasts; over the next couple of years, it is expected that Singapore’s GDP will stay stable, whist other regions will take a hit.

We are seeing increasing opportunities across Financial and Professional Services for Compliance and Risk professionals. However, the cost to hire is increasing exponentially resulting in hiring managers putting a greater emphasis on quality over quantity. Niche skills are becoming very important in Singapore, especially as the country becomes more sophisticated and geopolitical issues are driving more businesses to the region. The pace of recruitment is growing due to the growth of governance, the rise of family offices, and updates to Basel 3.1, CRR (Capital Requirements Regulation) and Payments rules.

If you are looking for a new role or you are a hiring manager who wants to attract the top talent, please contact our Head of Asia, Adnan Maddix – T: +(65) 6950 4505, E: adnanmaddix@danosassociates.com

The Danos Group has developed a comprehensive network of clients and candidates, built through both delivery on mandates and nurturing of relationships. With an unparalleled talent network, we provide experienced, top-quality professionals, and pride ourselves on being able to match talent not just to the requirements of the role, but also to the style of the organisation.