{"id":40075,"date":"2024-07-29T17:58:00","date_gmt":"2024-07-29T12:28:00","guid":{"rendered":"https:\/\/www.foundit.sg\/career-advice\/?p=40075"},"modified":"2024-08-01T15:13:58","modified_gmt":"2024-08-01T09:43:58","slug":"foundit-insights-tracker-singapore-june-2024","status":"publish","type":"post","link":"https:\/\/www.foundit.sg\/career-advice\/foundit-insights-tracker-singapore-june-2024\/","title":{"rendered":"Singapore Hiring Landscape in June 2024: Key Takeaways from the foundit Insights Tracker\u00a0"},"content":{"rendered":"\n<p><strong>Key Highlights of the Month<\/strong><em>&nbsp;<\/em><\/p>\n\n\n\n<p>The foundit Insights Tracker for Singapore in June 2024 registered a 9% year-on-year decrease in hiring activity. The FIT index dropped from 122 in June 2023 to 111 in June 2024, reflecting ongoing challenges in the job market. However, there was a 2% month-over-month increase from May 2024 to June 2024, indicating signs of recovery. The job market faced significant challenges from June 2023 to February 2024, but there are recovery signals starting from March 2024.&nbsp;<\/p>\n\n\n\n<div style=\"text-align: center;\">\n<iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/presentation\/d\/e\/2PACX-1vS1ajbY8CTOXVfzaMmlXgGlc4af09g_M8R4UawRq92F1X5-B7Df1k9jM1UoZZyukyak0LWxNHADl_Y5\/embed?start=true&#038;loop=true&#038;delayms=3000\" frameborder=\"0\" width=\"640\" height=\"389\" allowfullscreen=\"true\" mozallowfullscreen=\"true\" webkitallowfullscreen=\"true\"><\/iframe>\n<\/div>\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\/2024\/07\/fit_SG_-June24.pdf\" rel=\"noopener\">Download June 2024 fit Report (Singapore) PDF<\/a>\n<\/div>\n\n\n\n<p><strong>Hiring Trends &#8211; Industry<\/strong><em>&nbsp;<\/em><\/p>\n\n\n\n<p>12 out of 15 industry sectors monitored by the tracker demonstrated growth in hiring in June 2024 over the last month&nbsp;<\/p>\n\n\n\n<p><strong>In Demand:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.sg\/search\/it-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>IT<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.foundit.sg\/search\/telecom-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Telecom<\/strong><\/a><strong>\/ISP, and <\/strong><a href=\"https:\/\/www.foundit.sg\/search\/walkins-fresher-bpo-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>BPO<\/strong><\/a><strong>\/ITES<\/strong> (+3%): Integration of AI and machine learning driving demand and annual growth&nbsp;&nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.foundit.sg\/search\/hospitality-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Hospitality<\/strong><\/a> (+3%): Increased YoY hiring in travel and tourism sectors.&nbsp;<\/li>\n\n\n\n<li><strong>BFSI<\/strong> (+2%): Increased demand for compliance officers, risk managers, and legal experts.&nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.foundit.sg\/search\/advertising-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Advertising<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.foundit.sg\/search\/market-research-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Market Research<\/strong><\/a><strong>, Public Relations, Media, and Entertainment<\/strong> (+2%)&nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.foundit.sg\/search\/healthcare-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Healthcare<\/strong><\/a> (+2%)&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Facing Challenges:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.sg\/search\/shipping-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Shipping<\/strong><\/a><strong>\/Marine<\/strong> (-1%)&nbsp;<\/li>\n\n\n\n<li><strong>Consumer Goods\/FMCG<\/strong> (-1%)&nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.foundit.sg\/search\/import-export-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Import\/Export<\/strong><\/a> (-3%): Despite the annual decline, this sector registered positive growth year-over-year.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Hiring Trends &#8211; Functional Area<\/strong><em>&nbsp;<\/em><\/p>\n\n\n\n<p>In June 2024, 11 out of 12 functions monitored by the tracker demonstrated stability or growth in hiring activity in June \u201824 over the last month&nbsp;<\/p>\n\n\n\n<p><strong>In Demand:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Legal<\/strong> (+2%) Continued MoM increase in hiring demand.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.foundit.sg\/search\/sales-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Sales<\/strong><\/a><strong> &amp; <\/strong><a href=\"https:\/\/www.foundit.sg\/search\/business-development-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Business Development<\/strong><\/a> (+1%) increase in demand&nbsp;&nbsp;<\/li>\n\n\n\n<li><strong>Hospitality &amp; Travel<\/strong> (+1%) increase in demand&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Facing Challenges:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.sg\/search\/hr-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>HR<\/strong><\/a><strong> &amp; Admin<\/strong> (-1%): Continued decline due to the adoption of AI tools in HR functions.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>About the foundit Insights Tracker<\/strong><em>&nbsp;<\/em><\/p>\n\n\n\n<p>The foundit Insights Tracker (FIT) Singapore, formerly known as the Monster Employment Index, is a leading guide to Singapore\u2019s e-recruitment landscape. It provides insights into hiring trends across various industries and functional areas in Singapore. <\/p>\n\n\n\n<p>For more information, visit <strong><em><a href=\"https:\/\/www.foundit.sg\/career-advice\/insights-tracker\/\" target=\"_blank\" rel=\"noopener\" title=\"\">foundit Insights Tracker<\/a>&nbsp;<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Highlights of the Month&nbsp; The foundit Insights Tracker for Singapore in June 2024 registered a 9% year-on-year decrease in hiring activity. The FIT index dropped from 122 in June 2023 to 111 in June 2024, reflecting ongoing challenges in the job market. However, there was a 2% month-over-month increase from May 2024 to June [&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-40075","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\/40075","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=40075"}],"version-history":[{"count":6,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/40075\/revisions"}],"predecessor-version":[{"id":40259,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/40075\/revisions\/40259"}],"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=40075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/categories?post=40075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/tags?post=40075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}