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2009
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The Hudson Report - Hiring and HR Trends in Singapore
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2006 - 2008
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Latest Hudson report for Singapore’s hiring trends in Q4
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2nd Quarter 2008 Employment report released by the Ministry of Manpower
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Pan Pacific Singapore wins 2 awards at Singapore HR Awards 2008
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Report on Wages in Singapore 2007 and Singapore Yearbook of Manpower Statistics 2008
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Singapore Citizens Benefit From Record Employment Creation, Securing Good Quality Jobs
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Labour Market, 2006: Total Employment Creation for 2006 an All-Time High
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Professionals’ wages rose in ‘06
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Higher Starting Pay for Fresh Entrants Joining the Ministry of Defence and the Singapore Armed Forces
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Labour Market, First Quarter 2007

1st December 2008

Global market uncertainty has created opportunities for temporary and contract workers particularly in the Singapore market, which has traditionally been reluctant to embrace these candidates. Temporary and contract recruitment is now more commonplace, as employers gain awareness the value of short-term staffing options under these economic conditions.

This is particularly the case in the financial services sector, where headcount freezes have spurred line managers to consider alternative staffing options to meet ongoing project needs. In addition, temporary and contract staff have been found to be useful in supplementing workloads during cyclical peaks. In the information technology sector these candidates are also growing in popularity due to their additional expertise for completing projects tasks on time. “Temporary and contract staff enable you to try before you buy,” said Chris Mead, General Manager of specialist recruitment agency Hays in Singapore. “These staff can be brought in to supplement and complement the skills of existing permanent staff, enabling you to meet deadlines for specific projects and better manage staff workloads.

“Traditionally, temporary and contract positions have been filled locally, with local citizens and permanent residents taking on the vast majority of open roles. More recently, employers are finding that by casting the net wider they are tapping into a broader skill set, and these employers are now keen to take on international candidates,” said Chris. “By partnering with a global recruitment provider, employers will find that the usual barriers of hiring international candidates are removed. The recruitment provider will apply for employment passes on their behalf and undertake interviewing and candidate screening in the candidate’s home country before offering them for appropriate positions. It’s that simple”.

“Temporary and contract staff can provide emergency support, allowing you to buy in skills to complete specific projects,” said Chris. “The best part is that these staff will hit the ground running, giving you immediate results for your investment”.

Some of the additional benefits of short-term hires –
Temporary staff hired through outsourced recruitment providers are not on company payroll so you avoid the paperwork,
   
Temporary staff allow you to overcome short term headcount issues for example by providing leave cover,
   
The additional skill set can help to upskill existing staff so you don’t lose the skills when the temporary leaves your company, and
 
By bringing in temporary staff your permanent staff can focus on core responsibilities without distraction.  
   
For candidates, temporary and contract roles mean an opportunity to work across a range of organisations and industries and gain a broader working experience. Work-life balance is also better managed, as candidates are able to choose their own hours and work conditions. While many candidates prefer the stability of permanent work, this is offset by the opportunity for higher rates of pay than would be available for permanent roles.