Overview of Hiring Activity
The foundit Insights Tracker in Singapore saw a 5% annual decline in hiring activity between February 2024 and February 2025.
However, hiring demand rose month-on-month, with a 3-point index gain, indicating short-term stabilisation.
Hiring Trends by Industry (MoM numbers)
9 out of 15 industries monitored showed growth over the last month.
In Demand:
Advertising & Media (+7%), Education (+7%), and Engineering, Construction, and Real Estate (+6%) drove the recovery, supported by digital campaigns and upskilling efforts.
Facing Challenges:
Oil & Gas, Import/Export, Shipping/Marine, Government/PSU/Defence, and FMCG remained stagnant (0%), pointing to a flat hiring trend across these segments.
Hiring Trends by Functional Area (MoM numbers)
Half of the 12 functional areas recorded hiring growth over the last month.
In Demand:
Software, Hardware & Telecom (+2%) and Legal roles (+1%) saw consistent hiring, with Legal registering a notable 19% YoY growth, amid rising regulatory and compliance needs.
Facing Challenges:
Functions like Finance & Accounts, Customer Service, and Hospitality Roles (0%) saw no movement, indicating stabilisation rather than growth.
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 offers deep insights into hiring trends, role demand, and sector-specific shifts.
