Online hiring in Singapore has been on a consistent rise for the past two months, with 5% year-on-year growth in December 2018, according to data from the Monster Employment Index (MEI).
This is in line with November’s findings which also grew a 5% y-o-y, after a 1% y-o-y growth in October. The biggest driving force behind this growth is the IT, Telecom, BPO/ITES industry, with a 23% year-on-year growth in December, consistent with November’s 22% growth rate.
Other industries that displayed impressive double digit year-on-year growth in December were BFSI and Advertising with 17% and 15% rise, respectively.
Engineering and Retail industries both saw positive growth numbers of 6% year-on-year, whereas Healthcare and Import/Export numbers remained the same between December 2017 and 2018.
On the flip side, the Hospitality and Shipping/Marine industries witnessed a year-on-year decline of 3% and 2%, respectively.
The Monster Employment Index (MEI) is a gauge of online job posting activity compiled monthly by Monster.com, based on a real-time review of millions of employer job opportunities culled from a large representative selection of career websites and online job listings across Singapore. It records the industries and occupations that show the highest and lowest growth in recruitment activity locally.
Out of the 12 job roles monitored by the Index, 8 witnessed positive year-on-year growth for the month of December. Legal professionals were found to be most in-demand, with 9% y-o-y growth.
Marketing & Communications and Software/Hardware/Telecom professionals also saw strong demand growth of 8% for both sectors. Other jobs roles with strong positive demand growth were Customer Service and Sales & Business Development with 6% and 4% growth, respectively.
Healthcare professionals witnessed a significant drop of 9% from December 2017 to 2018, reflecting poor demand for this industry.
“The past few months have seen consistent positive growth in Singapore’s online hiring landscape, but companies will need to frequently train and upskill their workforces in order to maintain this momentum in the coming years,” said Abhijeet Mukherjee, CEO of Monster.com – APAC and Middle East.
“A recent McKinsey survey shows that as digitisation and automation transform the way we work, 60% of global executives expect that up to half of their organisation will need to either be retrained or replaced within five years,” he added.
This article was first published on Questex, on 1 February 2019. Information is correct at the time of publication.