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Home > Insights TrackerSingapore's Hiring Landscape in December 2023: foundit Insights Tracker 

Singapore’s Hiring Landscape in December 2023: foundit Insights Tracker 

The foundit Insights tracker saw a 15% drop in annual hiring demand in December 2023.  

The tracker also registered a marginal 2% decrease in hiring activity, and a 9% decline in hiring demand over the past six months.  

Hiring Trends by Industry (YoY numbers)  

Just 3 out of 15 industry sectors monitored by the tracker demonstrated a annual growth in hiring in December ‘23 

In Demand: 

Import/Export (+5%) and Hospitality (+5%) show resilience. 

Facing Challenges:  

Significant drops in IT, Telecom/ISP (-32%), BFSI (-22%), and other sectors. 

Hiring Trends by Functional Area (YoY numbers)  

In Demand:  

Legal (+5%) sees the highest growth, followed by marginal increases in Real Estate and Hospitality & Travel. 

Facing Challenges:  

Major declines in Software, Hardware, Telecom (-41%) and other areas like Finance & Accounts and Marketing & Communications. 

About the foundit insights tracker  

The foundit Insights Tracker (fit) Singapore, earlier known as the Monster Employment Index, is the leading guide to Singapore’s e-recruitment landscape. By examining millions of job listings, fit provides insights into the hiring trends in Singapore. 

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