{"id":44922,"date":"2025-01-17T15:21:00","date_gmt":"2025-01-17T09:51:00","guid":{"rendered":"https:\/\/www.foundit.sg\/career-advice\/?p=44922"},"modified":"2025-01-17T16:33:47","modified_gmt":"2025-01-17T11:03:47","slug":"foundit-insights-tracker-singapore-nov-2024","status":"publish","type":"post","link":"https:\/\/www.foundit.sg\/career-advice\/foundit-insights-tracker-singapore-nov-2024\/","title":{"rendered":"Singapore November 2024 Hiring Landscape: Shifting Dynamics Amid Emerging Opportunities\u00a0"},"content":{"rendered":"\n<p>Singapore reported a 6% year-on-year decline in hiring activity, with the foundit Insights Tracker (FIT) index decreasing from 113 in November 2023 to 106 in November 2024. Month-on-month, hiring activity fell by 1%, reflecting cautious expansion. Over the past six months, hiring contracted by 5%, as companies recalibrate workforce strategies in response to economic challenges. However, emerging sectors such as renewable energy and digital innovation remain areas of focus, in alignment with Singapore\u2019s Green Plan 2030.&nbsp;<\/p>\n\n\n\n<div style=\"text-align: center;\">\n<iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/presentation\/d\/e\/2PACX-1vRMLcv8mjaeYMUJD8g8nKrh2ZUAoeJ0W2uFo7-3SASYsKXAp13LFtjS60AGtAfhteqb36RrVmczja4Y\/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\/2025\/01\/fit_SG_-Nov24.pdf\" target=\"_blank\" rel=\"noopener\">Download Nov 2024 fit Report (Singapore) PDF<\/a>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Sectoral Growth Highlights<\/strong><\/h2>\n\n\n\n<p><em>The hiring landscape was mixed, with 8 out of 15 industries recording month-on-month growth in November 2024.<\/em>&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=\"education jobs\"><strong>Education<\/strong><\/a><strong> (+1%)<\/strong>: Sustained demand for roles in online learning platforms and professional training initiatives driven by economic and environmental alignment.\u00a0<\/li>\n\n\n\n<li><strong>Advertising &amp; <\/strong><a href=\"https:\/\/www.foundit.sg\/search\/media-jobs\" target=\"_blank\" rel=\"noopener\" title=\"media jobs\"><strong>Media<\/strong><\/a><strong> (+1%)<\/strong>: Modest growth fueled by continued investments in digital marketing strategies.\u00a0<\/li>\n\n\n\n<li><a href=\"https:\/\/www.foundit.sg\/search\/healthcare-jobs\" target=\"_blank\" rel=\"noopener\" title=\"healthcare jobs\"><strong>Healthcare<\/strong><\/a><strong> (+1%)<\/strong>: Stable demand supported by advancements in biotechnology and medical technology.\u00a0<\/li>\n<\/ul>\n\n\n\n<p>Conversely, sectors such as <strong>BFSI (-4%)<\/strong>, <a href=\"https:\/\/www.foundit.sg\/search\/it-jobs\" target=\"_blank\" rel=\"noopener\" title=\"IT jobs\"><strong>IT<\/strong><\/a><strong> &amp; <\/strong><a href=\"https:\/\/www.foundit.sg\/search\/telecom-jobs\" target=\"_blank\" rel=\"noopener\" title=\"telecom jobs\"><strong>Telecom<\/strong><\/a><strong> (-2%)<\/strong>, and <strong>Retail &amp; <\/strong><a href=\"https:\/\/www.foundit.sg\/search\/purchase-logistics-supply-chain-jobs\" target=\"_blank\" rel=\"noopener\" title=\"logistics jobs\"><strong>Logistics<\/strong><\/a><strong> (-3%)<\/strong> experienced slowdowns, reflecting recalibrations following hiring surges earlier in the year.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Functional Area Trends<\/strong><\/h2>\n\n\n\n<p><em>Hiring trends varied across functional areas, with subdued activity in half of the 10 functions tracked.<\/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=\"noopener\" title=\"legal jobs\"><strong>Legal<\/strong><\/a><strong> (0%)<\/strong>: Annual demand remains strong, driven by compliance-focused roles and adoption of legal technology.\u00a0<\/li>\n\n\n\n<li><a href=\"https:\/\/www.foundit.sg\/search\/software-engineer-jobs\" target=\"_blank\" rel=\"noopener\" title=\"software engineer jobs\"><strong>Software<\/strong><\/a><strong>, Hardware, &amp; Telecom (-4%)<\/strong>: Despite the recent dip, the sector is poised for growth in AI\/ML and data engineering roles.\u00a0<\/li>\n\n\n\n<li><a href=\"https:\/\/www.foundit.sg\/search\/finance-manager-jobs\" target=\"_blank\" rel=\"noopener\" title=\"finance jobs\"><strong>Finance<\/strong><\/a><strong> &amp; <\/strong><a href=\"https:\/\/www.foundit.sg\/search\/accountant-jobs\" target=\"_blank\" rel=\"noopener\" title=\"accountant jobs\"><strong>Accounts<\/strong><\/a><strong> (-3%)<\/strong>: Hiring remains cautious amid economic headwinds.\u00a0<\/li>\n<\/ul>\n\n\n\n<p>Healthcare roles and sustainability-related functions are expected to see growth as companies align with long-term innovation strategies.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About the foundit Insights Tracker<\/strong><\/h2>\n\n\n\n<p>The foundit Insights Tracker (FIT) is a comprehensive monthly analysis of online recruitment trends, providing actionable insights into industries, functions, and geographies. It helps employers and job seekers adapt to the evolving hiring landscape.&nbsp;For more insights, visit foundit or contact PR@foundit.ai.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore reported a 6% year-on-year decline in hiring activity, with the foundit Insights Tracker (FIT) index decreasing from 113 in November 2023 to 106 in November 2024. Month-on-month, hiring activity fell by 1%, reflecting cautious expansion. Over the past six months, hiring contracted by 5%, as companies recalibrate workforce strategies in response to economic challenges. [&hellip;]<\/p>\n","protected":false},"author":7,"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-44922","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\/44922","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/comments?post=44922"}],"version-history":[{"count":2,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/44922\/revisions"}],"predecessor-version":[{"id":46637,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/44922\/revisions\/46637"}],"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=44922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/categories?post=44922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/tags?post=44922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}