{"id":42107,"date":"2024-09-24T09:58:27","date_gmt":"2024-09-24T04:28:27","guid":{"rendered":"https:\/\/www.foundit.sg\/career-advice\/?p=42107"},"modified":"2024-09-24T21:58:50","modified_gmt":"2024-09-24T16:28:50","slug":"foundit-insights-tracker-singapore-aug-2024","status":"publish","type":"post","link":"https:\/\/www.foundit.sg\/career-advice\/foundit-insights-tracker-singapore-aug-2024\/","title":{"rendered":"Singapore&#8217;s Hiring Landscape in August 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 a <strong>13% year-over-year decline<\/strong> in hiring activity, with the index dropping from 119 in August 2023 to 103 in August 2024. There was also a <strong>6% month-over-month drop<\/strong>, highlighting economic challenges despite recent government initiatives promoting AI innovation and sustainability.\u00a0<\/p>\n\n\n\n<div style=\"text-align: center;\">\n<iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/presentation\/d\/19EBH74b6stdA8MwWfv2s9cPyyqjlef7PoiaIKV3KmgU\/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_-Aug24.pdf\" target=\"_blank\" rel=\"noopener\">Download Aug 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>6 out of the 15 industries monitored saw month-over-month growth in August 2024.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>In Demand:<\/strong>&nbsp;<\/li>\n<\/ul>\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>\/Media\/Entertainment (+3%)<\/strong> led the monthly increase after a dip in July.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Facing Challenges:<\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sectors such as <a href=\"https:\/\/www.foundit.sg\/search\/education-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Education<\/strong><\/a><strong> (-3%)<\/strong>, <a href=\"https:\/\/www.foundit.sg\/search\/engineering-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Engineering<\/strong><\/a><strong>\/<\/strong><a href=\"https:\/\/www.foundit.sg\/search\/construction-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Construction<\/strong><\/a><strong>\/<\/strong><a href=\"https:\/\/www.foundit.sg\/search\/real-estate-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Real Estate<\/strong><\/a><strong> (-3%)<\/strong>, and <a href=\"https:\/\/www.foundit.sg\/search\/healthcare-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Healthcare<\/strong><\/a><strong> (-2%)<\/strong> saw the most significant declines.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Hiring Trends &#8211; Functional Area<\/strong>&nbsp;<\/p>\n\n\n\n<p>Only 1 out of 12 functional areas tracked saw growth in August 2024.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>In Demand:<\/strong>&nbsp;<\/li>\n<\/ul>\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> (+1%)<\/strong> continued to rise, driven by demand for arbitration and regulatory compliance experts.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Facing Challenges:<\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.sg\/search\/software-application-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Software<\/strong><\/a><strong>, Hardware, <\/strong><a href=\"https:\/\/www.foundit.sg\/search\/telco-jobs\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telecom<\/strong><\/a><strong> (-5%)<\/strong>, <strong>Engineering\/Production (-3%)<\/strong>, and <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> (-2%)<\/strong> were among the functions facing downturns.&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 <a href=\"https:\/\/www.foundit.sg\/\" target=\"_blank\" rel=\"noreferrer noopener\">www.foundit.sg.<\/a>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Highlights of the Month&nbsp; Singapore\u2019s foundit Insights Tracker recorded a 13% year-over-year decline in hiring activity, with the index dropping from 119 in August 2023 to 103 in August 2024. There was also a 6% month-over-month drop, highlighting economic challenges despite recent government initiatives promoting AI innovation and sustainability.\u00a0 Download Aug 2024 fit Report [&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-42107","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\/42107","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=42107"}],"version-history":[{"count":2,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/42107\/revisions"}],"predecessor-version":[{"id":42122,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/42107\/revisions\/42122"}],"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=42107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/categories?post=42107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/tags?post=42107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}