The country expects to hire over 3 lakh mid to senior professionals in
2011. Hiring firms say over 20% of this talent 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 headquarter for many American and European
banks, financial institutions, manufacturing giants, oil & 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 Singapore's
assimilation of Indian culture are added attractions. Most companies
operate out of economic zones where the maximum personal income tax is
15%.
"My 12-year-old daughter travels 60 kilometres a day
between home and her school in an hour. She has to catch a train for
half the way and then change to a bus. But it doesn't bother her, nor
does it bother my wife, or me. Because , this place is really safe,"
said
Natarajan P, a professional with an MNC oil company who relocated to the country from
Bangalore a year ago.
Opportunity calling
Jobs are available particularly in banking, hospitality, technology,
manufacturing, oil & gas, healthcare, mining and textiles Singapore
is the regional headquarter for many American and European banks,
financial institutions, manufacturing giants, oil & gas companies,
large IT corporations , mining firms, healthcare and hospitality brands