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Home > Insights TrackerSingapore's Hiring Landscape in August 2024: Key Takeaways from the foundit Insights...

Singapore’s Hiring Landscape in August 2024: Key Takeaways from the foundit Insights TrackerĀ 

Key Highlights of the Month 

Singaporeā€™s foundit Insights Tracker recorded a 13% year-over-year decline in hiring activity, with the index dropping from 119 in August 2023 to 103 in August 2024. There was also a 6% month-over-month drop, highlighting economic challenges despite recent government initiatives promoting AI innovation and sustainability.Ā 

Hiring Trends – Industry 

6 out of the 15 industries monitored saw month-over-month growth in August 2024. 

  • In Demand: 
  • Advertising/Media/Entertainment (+3%) led the monthly increase after a dip in July. 
  • Facing Challenges: 

Hiring Trends – Functional Area 

Only 1 out of 12 functional areas tracked saw growth in August 2024. 

  • In Demand: 
  • Legal (+1%) continued to rise, driven by demand for arbitration and regulatory compliance experts. 
  • Facing Challenges: 

About the foundit Insights Tracker 

The foundit Insights Tracker (FIT) Singapore, formerly known as the Monster Employment Index, is a leading guide to Singaporeā€™s e-recruitment landscape. It provides insights into hiring trends across various industries and functional areas in Singapore. For more information, visit www.foundit.sg. 

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