{"id":41907,"date":"2024-09-17T10:36:01","date_gmt":"2024-09-17T05:06:01","guid":{"rendered":"https:\/\/www.foundit.sg\/career-advice\/?p=41907"},"modified":"2024-09-17T10:36:01","modified_gmt":"2024-09-17T05:06:01","slug":"foundit-insights-tracker-singapore-july-2024","status":"publish","type":"post","link":"https:\/\/www.foundit.sg\/career-advice\/foundit-insights-tracker-singapore-july-2024\/","title":{"rendered":"Singapore&#8217;s Hiring Landscape in July 2024: Key Takeaways from the foundit Insights Tracker\u00a0"},"content":{"rendered":"\n<p><strong>Key Highlights of the Month<\/strong>&nbsp;<\/p>\n\n\n\n<p>Singapore\u2019s foundit Insights Tracker recorded an 8% decline in hiring activity from July 2023 to July 2024. The index dropped from 120 in July 2023 to 110 in July 2024, reflecting a mixed economic landscape. However, there has been slight growth over the past three months, as emerging industries continue to drive hiring despite challenges in traditional sectors.\u00a0<\/p>\n\n\n\n<div style=\"text-align: center;\">\n<iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/presentation\/d\/1gcXpf8w2otYzw3iNusyaWbR_UMK65wXo_NPWm_HI-CE\/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\/09\/fit_SG_-July24.pdf\" target=\"_blank\" rel=\"noopener\">Download July 2024 fit Report (Singapore) PDF<\/a>\n<\/div>\n\n\n\n<p><strong>Hiring Trends &#8211; Industry<\/strong>&nbsp;<\/p>\n\n\n\n<p>8 out of 15 industries monitored showed growth in hiring activity month-over-month.&nbsp;<\/p>\n\n\n\n<p><em>In Demand:<\/em>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Education <\/strong>(+4%) saw growth driven by the increasing demand for upskilling and reskilling.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>IT, <\/strong><a href=\"https:\/\/www.foundit.sg\/search\/telco-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telecom<\/strong><\/a><strong>\/ISP, <\/strong><a href=\"https:\/\/www.foundit.sg\/search\/bpo-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>BPO<\/strong><\/a><strong>\/ITES <\/strong>(+1%) and <strong>Healthcare <\/strong>(+1%) sectors showed slight growth.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><em>Facing Challenges:<\/em>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.sg\/search\/advertising-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Advertising<\/strong><\/a><strong>, Market Research, Public Relations, Media, and Entertainment <\/strong>(-5%) saw the steepest decline.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.sg\/search\/hotel-management-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Hospitality<\/strong><\/a><strong> <\/strong>(-3%) and <a href=\"https:\/\/www.foundit.sg\/search\/export-import-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Import\/Export<\/strong><\/a><strong> <\/strong>(-2%) also faced challenges.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Hiring Trends &#8211; Functional Area<\/strong>&nbsp;<\/p>\n\n\n\n<p>7 out of 12 functional areas tracked showed consistent month-over-month growth.&nbsp;<\/p>\n\n\n\n<p><em>In Demand:<\/em>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.sg\/search\/legal-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Legal<\/strong><\/a><strong> <\/strong>(+1%) saw slight growth and maintained positive demand year-over-year.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.sg\/search\/finance-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Finance<\/strong><\/a><strong> &amp; <\/strong><a href=\"https:\/\/www.foundit.sg\/search\/finance-accounts-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Accounts<\/strong><\/a><strong> <\/strong>(+1%), <a href=\"https:\/\/www.foundit.sg\/search\/sales-and-business-development-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Sales &amp; Business Development<\/strong><\/a><strong> <\/strong>(+1%), and <a href=\"https:\/\/www.foundit.sg\/search\/customer-service-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Customer Service<\/strong><\/a><strong> <\/strong>(+1%) all experienced modest growth.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><em>Facing Challenges:<\/em>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.sg\/search\/software-engineer-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Software<\/strong><\/a><strong>, Hardware, Telecom<\/strong> (-5%) faced the steepest decline in hiring demand.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>About the foundit Insights Tracker<\/strong>&nbsp;<\/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. For more information, visit foundit.sg.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Highlights of the Month&nbsp; Singapore\u2019s foundit Insights Tracker recorded an 8% decline in hiring activity from July 2023 to July 2024. The index dropped from 120 in July 2023 to 110 in July 2024, reflecting a mixed economic landscape. However, there has been slight growth over the past three months, as emerging industries continue [&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-41907","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\/41907","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=41907"}],"version-history":[{"count":3,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/41907\/revisions"}],"predecessor-version":[{"id":41922,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/41907\/revisions\/41922"}],"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=41907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/categories?post=41907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/tags?post=41907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}