These sectors intend to go on a hiring spree in Q214

Singapore Business Review
Published: 1 Apr 14

Should you consider a career shift?

According to PrimeStaff Management’s employment outlook for Q214, the sectors that will experience a lot of hiring activity in Q2 2014 are Logistics & Transportation, Hotels & Hospitality,Food & Beverage, Healthcare, Education, and Professional Services such as Accounting, Finance,!Legal,!and!Information!Technology.

On the flipside, the following industries are likely to experience some restructuring:Banking, Electronics, and Construction. The banks, in particular, will continue to realign their operations in response to changing demand for non-core business areas and services.

They may need to decide on where their strengths lie and identify the business areas they are not competitive in, and trim headcounts accordingly. The Construction sector, meanwhile, could experience a slowdown due to lowerdemand! for infrastructure projects.

Additionally, rising rental costs and wages could also pose serious challenges to companies in the retail industry.