Singapore likely to hire 60k Indian professionals in 2011

Vivek (CA ) (2368 Points)

12 May 2011  

Singapore likely to hire 60k Indian professionals in 2011

BANGALORE: Singapore has emerged as one of the worlds largest hiring markets this year,and this offers opportunities for Indians.

The country expects to hire over 3 lakh mid-to-senior level professionals in 2011.Hiring firms say over 20% of this talentaround 60,000 people-will be from India ,50% from within Singapore and the rest from other parts of the world.
Zubin Shroff,partner in executive search firm Braithwaite Steiner Pretty,said Singaporean firms requirement for talent had multiplied this year,with all markets in the region growing.This is creating opportunities for many Indian professionals from across industries.

Singapore is the regional headquarters for many American and European banks,financial institutions,manufacturing giants,oil and gas companies,large IT corporations,mining firms,healthcare and hospitality brands.These companies are now expanding rapidly in Singapore and across China,Indonesia,Malaysia,Hong Kong,Vietnam and Australia.Hiring firms say some 40% of the 3 lakh recruits will be placed in Singapore while the rest will go into other Asia Pacific regions.

Jayanthi Y,chairman of hiring firm AdAstra Consultants,who is in charge of talent acquisition for Apac,said,Singapore today offers a never-before opportunity for Indian talent.Its proximity is an attractive element,while salary is the biggest attraction.Professionals receive 4 to 5 times what they are paid in India.

Jobs are available particularly in banking,hospitality,technology,manufacturing,oil & gas,healthcare,mining and textiles.

Global executives are attracted to Singapore for its high quality of life,congestion-free traffic movement,its safety standards.For Indians,the three--hour flying time and Singapores assimilation of Indian culture are added attractions.Most companies operate out of economic zones where the maximum personal income tax is 15%.