{"id":21904,"date":"2023-10-26T11:29:10","date_gmt":"2023-10-26T05:59:10","guid":{"rendered":"https:\/\/www.foundit.sg\/career-advice\/?p=21904"},"modified":"2023-10-31T17:21:47","modified_gmt":"2023-10-31T11:51:47","slug":"foundit-insights-tracker-singapore-sep-2023","status":"publish","type":"post","link":"https:\/\/www.foundit.sg\/career-advice\/foundit-insights-tracker-singapore-sep-2023\/","title":{"rendered":"Hiring Trends in Singapore: September 2023 Overview\u00a0"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Hiring Landscape&nbsp;<\/strong>&nbsp;<\/h2>\n\n\n\n<p>The foundit Insights Tracker (fit) in Singapore registered a 3% decline in hiring activity in September 2023. The tracker showed a 5% decline in hiring over the last three months, suggesting an overall slowdown in recruitment activity.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Only 2 out of 15 industry sectors tracked by fit displayed growth from September 2022 to September 2023. Nevertheless, positive hiring sentiments among employers are anticipated for the coming months.&nbsp;<\/p>\n\n\n\n<iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/presentation\/d\/e\/2PACX-1vTdhOmxKxbcUOd5vsnjF1XDo6X5ZBDdBK7e7A8xmuyzjvhBZSnZvWGWbaxq0N2t6w\/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>Key Findings \u2014 Sector-wise Insights<\/strong>&nbsp;<\/h2>\n\n\n\n<p><strong>Growth Sectors: <\/strong>The Import\/Export and Retail\/Trade and Logistics sectors both saw 3% growth, contributing to the strongest annual hiring demand.&nbsp;<\/p>\n\n\n\n<p><strong>Declining Sectors:<\/strong> The IT, <strong><a href=\"https:\/\/www.foundit.sg\/search\/telecom-jobs\" target=\"_blank\" rel=\"noopener\" title=\"Telecom\">Telecom<\/a><\/strong>\/ISP, and BPO\/ITES sector witnessed a significant decline of 29%. Other major sectors like Production\/ Manufacturing, BFSI, and several others also recorded notable decreases in hiring activity.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Functional Area Insights<\/strong>&nbsp;<\/h2>\n\n\n\n<p><strong>In Demand: <\/strong>Real Estate roles saw a 13% increase in demand, followed by Hospitality &amp; Travel (+10%) and Healthcare (+3%).&nbsp;<\/p>\n\n\n\n<p><strong>Facing Challenges: <a href=\"https:\/\/www.foundit.sg\/search\/software-jobs\" target=\"_blank\" rel=\"noopener\" title=\"Software\">Software<\/a><\/strong>, Hardware, Telecom roles witnessed a massive 39% decline in hiring demand. Marketing &amp; Communications and Finance &amp; Accounts also saw a decrease of 16%.&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\/10\/fit_Gulf_-July23.cleaned.pptx.pdf\" target=\"_blank\" rel=\"noopener\">Download Sep 2023 fit Report (Singapore) PDF<\/a>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Summary<\/strong>&nbsp;<\/h2>\n\n\n\n<p>While the decline in the hiring index for Singapore paints a challenging picture, the anticipated positive sentiment among employers offers a glimmer of hope for the coming months.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The sectors that continue to show resilience, such as Import\/Export and Retail\/Trade and Logistics, could be important in driving economic recovery and improving the employment landscape.&nbsp;<\/p>\n\n\n\n<p>Despite the downturns in sectors like IT and Telecom, opportunities seem to be expanding in functional areas like <strong><a href=\"https:\/\/www.foundit.sg\/search\/real-estate-jobs\" target=\"_blank\" rel=\"noopener\" title=\"Real Estate\">Real Estate<\/a><\/strong> and Hospitality &amp; Travel.&nbsp;&nbsp;<\/p>\n\n\n\n<p>This trend may reflect a shift in the labour market that aligns with economic demands and shifts in consumer behaviour.&nbsp;<\/p>\n\n\n\n<p>Will Singapore\u2019s job market see a recovery in the coming months? Read next month\u2019s fit report to find out.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hiring Landscape&nbsp;&nbsp; The foundit Insights Tracker (fit) in Singapore registered a 3% decline in hiring activity in September 2023. The tracker showed a 5% decline in hiring over the last three months, suggesting an overall slowdown in recruitment activity.&nbsp;&nbsp; Only 2 out of 15 industry sectors tracked by fit displayed growth from September 2022 to [&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-21904","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\/21904","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=21904"}],"version-history":[{"count":8,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/21904\/revisions"}],"predecessor-version":[{"id":22093,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/21904\/revisions\/22093"}],"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=21904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/categories?post=21904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/tags?post=21904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}