Fair Consideration Framework boosts Q3 professional job ads

Singapore

JOB advertisements for professional positions in Singapore jumped 37 per cent year-on-year in the third quarter, due in part to the Fair Consideration Framework, according to a Robert Walters report.

This outpaced the broader region, where employment advertisements were up 20 per cent in Q314, fuelled by a rebound in market confidence as seen by higher consumer spending and business expansion.

"The encouraging increases in job advertising figures were largely a result of the Fair Consideration Framework, which has elongated recruitment processes and left positions open for extended periods," said Toby Fowlston, managing director of recruitment firm Robert Walters (Singapore). "Hence we saw a spike in demand for Sin…