{"id":43976,"date":"2024-11-29T16:07:47","date_gmt":"2024-11-29T10:37:47","guid":{"rendered":"https:\/\/www.foundit.sg\/career-advice\/?p=43976"},"modified":"2024-12-16T13:11:56","modified_gmt":"2024-12-16T07:41:56","slug":"foundit-insights-tracker-singapore-oct-2024","status":"publish","type":"post","link":"https:\/\/www.foundit.sg\/career-advice\/foundit-insights-tracker-singapore-oct-2024\/","title":{"rendered":"Singapore Hiring Landscape in October \u201824: Sector-Specific Growth Amid Broad Declines\u00a0"},"content":{"rendered":"\n<p>Singapore\u2019s hiring activity saw a <strong>9% annual decline<\/strong>, with the FIT index falling to <strong>107 in October 2024<\/strong>. Month-on-month hiring dropped by <strong>3%<\/strong>, signaling caution among employers. Despite this, a <strong>4% three-month growth<\/strong> indicates resilience in certain sectors.&nbsp;<\/p>\n\n\n\n<div style=\"text-align: center;\">\n<iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/presentation\/d\/e\/2PACX-1vRvC27ol1HchOMVsCDhjpmFOgYXE5uei__Md9PcBIeQ8jN4Xx4VA71H8D2i4d3aPleE7mvGOxef9cQP\/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:\/\/www.foundit.sg\/career-advice\/wp-content\/uploads\/2024\/12\/fit_SG_-Oct24.pdf\" target=\"_blank\" rel=\"noopener\">Download Oct 2024 fit Report (Singapore) PDF<\/a>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Sectoral Growth Highlights&nbsp;<\/strong><\/h2>\n\n\n\n<p>5 of the 15 industries tracked reported MoM growth:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.foundit.sg\/search\/education-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Education<\/strong><\/a><strong> (+3%)<\/strong>: Leading for another month, driven by investments in digital learning and teacher training programs.\u00a0<\/li>\n\n\n\n<li><a href=\"https:\/\/www.foundit.sg\/search\/it-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>IT<\/strong><\/a><strong> &amp; Telecom (+2%)<\/strong>: Steady demand for data analysts, cybersecurity specialists, and software developers.\u00a0<\/li>\n<\/ul>\n\n\n\n<p>Declines were observed in:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>BFSI (-5%)<\/strong>: Hiring slowed amidst market stability concerns.\u00a0<\/li>\n\n\n\n<li><a href=\"https:\/\/www.foundit.sg\/search\/export-import-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Import\/Export<\/strong><\/a><strong> (-4%)<\/strong>: Adjustments following an active hiring phase in prior months.\u00a0<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Functional Area Trends&nbsp;<\/strong><\/h2>\n\n\n\n<p>3 of the 12 functional areas tracked showed month-on-month increases:&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=\"noopener\" title=\"\"><strong>Legal<\/strong><\/a><strong> (+7%)<\/strong>: Surge reflects growing demand for regulatory and compliance expertise.\u00a0<\/li>\n\n\n\n<li><a href=\"https:\/\/www.foundit.sg\/search\/customer-service-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Customer Service<\/strong><\/a><strong> (0%)<\/strong>: Hiring remained stable as companies prioritized efficiency.\u00a0<\/li>\n<\/ul>\n\n\n\n<p>Conversely, functions like <a href=\"https:\/\/www.foundit.sg\/search\/marketing-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Marketing<\/strong><\/a><strong> &amp; Communications (-3%)<\/strong>, <a href=\"https:\/\/www.foundit.sg\/search\/civil-engineering-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Engineering<\/strong><\/a><strong> (-3%)<\/strong>, and <a href=\"https:\/\/www.foundit.sg\/search\/finance-accounts-jobs\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Finance &amp; Accounts<\/strong><\/a><strong> (-3%)<\/strong> saw reduced demand, as firms recalibrated staffing levels following earlier surges.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About the foundit Insights Tracker&nbsp;<\/strong><\/h2>\n\n\n\n<p>The <strong>foundit Insights Tracker (FIT)<\/strong> is a monthly analysis of online recruitment trends, providing actionable insights across industries, functions, and geographies. As a successor to the Monster Employment Index, it captures the evolving hiring landscape to help employers and job seekers stay ahead.&nbsp;<\/p>\n\n\n\n<p>For more details, visit<a href=\"https:\/\/www.foundit.sg\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> <strong>foundit<\/strong><\/a> or contact <strong>PR@foundit.ai<\/strong>.\u00a0<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore\u2019s hiring activity saw a 9% annual decline, with the FIT index falling to 107 in October 2024. Month-on-month hiring dropped by 3%, signaling caution among employers. Despite this, a 4% three-month growth indicates resilience in certain sectors.&nbsp; Download Oct 2024 fit Report (Singapore) PDF Sectoral Growth Highlights&nbsp; 5 of the 15 industries tracked reported [&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-43976","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\/43976","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=43976"}],"version-history":[{"count":1,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/43976\/revisions"}],"predecessor-version":[{"id":43978,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/43976\/revisions\/43978"}],"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=43976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/categories?post=43976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/tags?post=43976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}