{"id":20425,"date":"2023-08-10T19:11:00","date_gmt":"2023-08-10T13:41:00","guid":{"rendered":"https:\/\/www.foundit.sg\/career-advice\/?p=20425"},"modified":"2023-11-15T13:43:55","modified_gmt":"2023-11-15T08:13:55","slug":"foundit-insights-tracker-singapore-july-2023","status":"publish","type":"post","link":"https:\/\/www.foundit.sg\/career-advice\/foundit-insights-tracker-singapore-july-2023\/","title":{"rendered":"Singapore&#8217;s Hiring Landscape in July 2023: A Glimpse with foundit Insights Tracker\u00a0"},"content":{"rendered":"\n<p>The foundit Insights Tracker (fit) Singapore, earlier known as the Monster Employment Index, is the leading guide to Singapore&#8217;s e-recruitment landscape. By examining millions of job listings, fit provides insights into the hiring trends in Singapore.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Hiring Overview<\/strong>&nbsp;<\/h2>\n\n\n\n<p>According to fit Singapore, July 2023 witnessed a significant 14% YoY dip in hiring. A slight reduction of 2% MoM was observed from June 2023&#8217;s&nbsp; index.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The diminishing numbers, influenced by global economic challenges, highlight a 6% decrease in job demand over the past six months, pointing towards a delicate labor market.&nbsp;<\/p>\n\n\n\n<iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/presentation\/d\/e\/2PACX-1vSe7IHcIB16lMBBP_tc7Tl4k6ipZJfZ2SS0jEGvfFePAGy9tjzGJqr9Pw_trjrW2w\/embed?start=false&#038;loop=false&#038;delayms=3000\" frameborder=\"0\" width=\"640\" height=\"389\" allowfullscreen=\"true\" mozallowfullscreen=\"true\" webkitallowfullscreen=\"true\"><\/iframe>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Sectoral Insights<\/strong>&nbsp;<\/h2>\n\n\n\n<p><strong>In Demand: <\/strong>The Import\/ Export sector (+2%) showed growth, driven by increased imports in food and healthcare.&nbsp;<\/p>\n\n\n\n<p><strong>Holding Steady:<\/strong> <strong><a href=\"https:\/\/www.foundit.sg\/search\/oil-gas-jobs\" target=\"_blank\" rel=\"noopener\" title=\"Oil &amp; Gas\">Oil &amp; Gas<\/a><\/strong> and Retail\/Trade and Logistics maintained a steady growth, indicating a recent industry resurgence.&nbsp;<\/p>\n\n\n\n<p><strong>Facing Challenges: <\/strong>IT, Telecom\/ISP, and BPO\/ITES plunged by -26%, with Production\/ Manufacturing dropping 20%. This dip can be linked to global uncertainties. Other sectors like Shipping\/Marine, Hospitality, and BFSI, among others, also reported declines.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Function-wise Trends&nbsp;<\/strong>&nbsp;<\/h2>\n\n\n\n<p><strong>In Demand:<\/strong> Hospitality &amp; Travel roles surged (+8%), thanks to global and local tourism. Rising property prices also prompted a spike in demand for Real Estate professionals (+8%). Healthcare roles kept pace with +5% YoY growth.&nbsp;<\/p>\n\n\n\n<p><strong>Steady Sectors:<\/strong> HR &amp; Admin and Customer Service roles stayed consistent, while roles in Engineering\/Production and Finance &amp; Accounts hint at a possible recovery.&nbsp;<\/p>\n\n\n\n<p><strong>Challenges Ahead:<\/strong> Software, Hardware, and <strong><a href=\"https:\/\/www.foundit.sg\/search\/telecom-jobs\" target=\"_blank\" rel=\"noopener\" title=\"Telecom roles \">Telecom roles <\/a><\/strong>saw the steepest decline at -35%. Other roles in Marketing &amp; Communications and Legal sectors also experienced reductions.&nbsp;<\/p>\n\n\n\n<p>For an in-depth view of Singapore\u2019s hiring trends, explore the latest fit report.&nbsp;<\/p>\n\n\n\n<div style=\"text-align: center;\">\n<a style=\"display: inline-block;background-color: #7900c6;color: #fff;text-align: center;padding: 10px 20px;text-decoration: none;font-size: 18px;border-radius: 4px;font-weight: bold;\" href=\"https:\/\/media.foundit.in\/career-advice\/wp-content\/uploads\/2023\/09\/fit_SG_-July23.cleaned.pptx.pdf\" target=\"_blank\" rel=\"noopener\">Download July 2023 fit Report (Singapore) PDF<\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The foundit Insights Tracker (fit) Singapore, earlier known as the Monster Employment Index, is the leading guide to Singapore&#8217;s e-recruitment landscape. By examining millions of job listings, fit provides insights into the hiring trends in Singapore.&nbsp;&nbsp; Hiring Overview&nbsp; According to fit Singapore, July 2023 witnessed a significant 14% YoY dip in hiring. A slight reduction [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-20425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-insights-tracker"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/20425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/comments?post=20425"}],"version-history":[{"count":6,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/20425\/revisions"}],"predecessor-version":[{"id":22559,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/20425\/revisions\/22559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/media\/17264"}],"wp:attachment":[{"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/media?parent=20425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/categories?post=20425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/tags?post=20425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}