What sectors are thriving?
While the economy on the whole is contracting slightly at the moment, some individual sectors are enjoying relatively healthy recruitment levels. Logistics firms and organisations engaged in oil and gas are performing well, with 77% and 72% respectively recruiting at top level. This can be attributed to a global boom in offshore drilling, which has created demand for professionals with experience in managing the exploration, extraction and refinery of fuel.
Another hot sector is IT, with 75% of firms planning to increase their recruitment activity in the coming months. This trend is reflected throughout the neighbouring regions like South Korea and Taiwan, as organisations invest in technological infrastructure to aid efficiency and growth.
The FMCG sector remains consistent, and demand for executives is high, with 60% currently hiring. A spurt in consumption driven by a consistent rise in the size and wealth of the population is having a positive effect on this area.
The media industries are also showing high levels of activity and a large increase in demand for new talent is expected in the coming months. 25% of businesses in this area are hiring at senior level, but as many as 63% are expecting to be actively recruiting in the coming quarter. However, 50% of media companies are expecting to let managerial staff go within the next few months. Perhaps a sign that the best talent is being cherry-picked and only candidates with superior skill-sets and experience are thriving in this rapidly-changing environment.