The Robert Walters Asia Job Index reveals that the total number of job advertisements for professional positions rose by 4% from Q4 2012 to Q1 2013.
Job advertisements from January to March 2013 increased by 20.6%. All territories showed an increase in recruitment advertising in comparison to Q4 2012, apart from Singapore which showed a slight decline of 0.7%.
“The overall increase in job advertising numbers is a positive sign of improved business confidence in the region. However, Singapore was an exception with a slight decrease on the previous quarter, which can be attributed to fewer businesses choosing to hub in the country due to the strength of Singapore dollar. It is also important to remember that the Chinese New Year holidays would have had a depreciating effect on advertising activity, so Q2’s advertising figures should give a clearer indicator of recruitment demand,” says Mark Elllwood, managing director for Southeast Asia.
Job advertising numbers for finance professionals rose across the region, particularly in Singapore, Malaysia and South Korea.
In Singapore advertising of Accounting and Finance roles increased by 4.1% on the previous quarter, largely due to a sustained insurance market and growth in private banking and asset management, an area being supported by the growing number of wealthy expatriates moving to Singapore.
Financial services continued to be the source of demand for jobs in Malaysia, with adverts for accounting and finance, compliance and risk roles up 24.9%.
This reflects the growing trend of financial services companies choosing to set up in Malaysia, where the government continues to invest in attracting local
and foreign businesses.
The number of job advertisements in South Korea increased by 3.9% in Q1 2013 compared with the previous quarter. Sectors which saw the largest increases in the number of jobs advertised were accountancy and finance (up 10.1% compared with Q4 2012). The rise in job advertising in accountancy and finance
was mainly based on attrition, as roles were vacated and needed to be filled, without many new ones being created.