A Prosperous Year of the Pig

Has the year of the Dog treated you well? Well, to most job seekers it would seem so. 2006 saw a whopping 173,300 jobs being created in Singapore (not to mention more than half to Singaporeans), which is 60,000 more than a year before.

The year of the Pig seems to be just as good if not better. With the government raising the growth forecast to 4.5 - 6.5%, we can expect the employment market to be just as bouyant.

High job creation translates into high turnover of staff in most organisations. An employee's market would mean that people now find it easier to move on.

This mixture of strong economic and employment growth coupled with a previous five year lull makes staff migration an even more acute issue.

Does your organisation experience such exodus? If so, how are you coping with the (temporary) extra load? What's your company's strategy to this big question?