Demand for IT hires in Singapore up 22% in November

● Online recruitment in Singapore saw a positive uptrend in November 2018, with 5% year-on-year (YoY)  growth since November 2017.

● IT/telecom recorded the most positive growth among industries, with a 22% YoY spike. 

● In terms of occupations, software/hardware/telecom professionals were most in demand, with 8% year-on-year growth

Online hiring in Singapore experienced a rise last month, recording a 5% year-on-year growth between November 2017 and 2018, according to the Monster Employment Index (MEI). This is a significant rise of four points from October's 1% rate, reflecting a positive uptrend. 

Leading with 22% year-on-year growth was the IT, telecom, business process outsourcing/ information technology enabled services (BPO/ITES) industry, which saw the steepest growth since March 2018. In terms of job roles monitored by the Monster Employment Index, software/ hardware/ telecom professionals were most in-demand with 8% year-on-year growth for the month of November.

“Technology is evolving at an exponential pace, and while some may say that automation is taking away human jobs, it is actually creating a whole range of new roles which didn’t exist before. Companies are investing in artificial intelligence and machine learning to automate processes, and the workforce needs to be trained to work alongside these technologies to achieve maximum productivity,” said Abhijeet Mukherjee, CEO of Monster.com – APAC and Middle East. 

“The IT industry recorded an impressive 22% year-on-year growth, propelling Singapore’s online hiring growth this month. In order to maintain this momentum, employers and educators need to work towards developing 21st-century technological competencies in the current and upcoming workforce.” 

The Monster Employment Index is a monthly gauge of online job posting activity, 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. The index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.

Source: Monster. Monster Employment Index figures for industries with the most (left) and least (right) demand for new hires, Singapore, November 2018.

Source: Monster. Monster Employment Index figures for job categories with the most (left) and least (right) demand for new hires, Singapore, November 2018.