{"id":54772,"date":"2026-09-11T15:15:14","date_gmt":"2026-09-11T09:45:14","guid":{"rendered":"https:\/\/www.foundit.sg\/career-advice\/?p=54772"},"modified":"2026-09-11T15:15:15","modified_gmt":"2026-09-11T09:45:15","slug":"foundit-insights-tracker-singapore-aug-2026","status":"publish","type":"post","link":"https:\/\/www.foundit.sg\/career-advice\/foundit-insights-tracker-singapore-aug-2026\/","title":{"rendered":"foundit Insights Tracker in Singapore records a 1% annual decline in hiring activity in August &#8217;26"},"content":{"rendered":"<h2 class=\"wp-block-heading\"><strong>Key Highlights of the Month<\/strong>&nbsp;<p class=\"wp-block-paragraph\">The&nbsp;foundit&nbsp;Insights Tracker (fit) held Singapore&rsquo;s July recovery into August 2026. The index stayed at 96, unchanged month-on-month, while the year-on-year decline held at 1% &mdash; matching July&rsquo;s reading and marking two consecutive months at the narrowest annual gap since April.&nbsp;<br>&nbsp;<br>Over a longer&nbsp;horizon&nbsp;the recovery firms. The index is up 4% over three months &mdash; a sharp step-up from +1% a month ago &mdash; and 2% over six. Hiring has traded in a 92&ndash;96 band all year, and this is the first time it has sat at the top of that band for two consecutive months.&nbsp;<br>&nbsp;<br>The improvement&nbsp;remains&nbsp;selective. Consumer goods, advertising and media, and technology continue to lead, alongside customer-facing and marketing roles. Banking&rsquo;s decline narrows sharply and health care returns to flat, while hospitality, legal and HR remain in structural retreat as automation keeps removing routine headcount.&nbsp;<\/p><div data-wp-interactive=\"core\/file\" class=\"wp-block-file aligncenter\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/www.foundit.sg\/career-advice\/wp-content\/uploads\/2026\/09\/fit_SG_August_26.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of &lt;strong&gt;Singapore Hiring Trends in Aug_26&lt;\/strong&gt;.\"><\/object><a id=\"wp-block-file--media-23ae9d12-d2ef-4c65-be42-706e149282a5\" href=\"https:\/\/www.foundit.sg\/career-advice\/wp-content\/uploads\/2026\/09\/fit_SG_August_26.pdf\"><strong>Singapore Hiring Trends in Aug_26<\/strong><\/a><a href=\"https:\/\/www.foundit.sg\/career-advice\/wp-content\/uploads\/2026\/09\/fit_SG_August_26.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-23ae9d12-d2ef-4c65-be42-706e149282a5\">Download<\/a><\/div><h2 class=\"wp-block-heading\">&nbsp;<br><strong>Hiring Trends &ndash; Industry<\/strong><\/h2><p class=\"wp-block-paragraph\">&nbsp;<strong>5&nbsp;of&nbsp;the 14 industry sectors&nbsp;monitored&nbsp;by the tracker recorded positive annual growth in hiring demand.<\/strong>&nbsp;<br>&nbsp;<br><strong>Consumer Goods\/FMCG (+12%)<\/strong>&nbsp;again held the top slot as retail brands kept rebuilding front-line and supply-side teams.&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>Advertising, Market Research, PR, Media &amp; Entertainment (+12%)<\/strong>&nbsp;matched the pace as digital and social spend continued to pull in creative and campaign talent.<\/p><p class=\"wp-block-paragraph\"><strong>IT, Telecom\/ISP &amp; BPO\/ITES (+6%)<\/strong>&nbsp;eased a shade from July but stayed the largest-volume gainer, with AI, cloud and cybersecurity demand holding. Production\/Manufacturing (+2%) and Engineering, Construction &amp; Real Estate (+2%) rounded out the positives on steady project-led hiring.&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>Government\/PSU\/Defence&nbsp;(0%), Health Care (0%), Shipping\/Marine (0%) and Oil &amp; Gas (0%)<\/strong>&nbsp;were flat year-on-year, with Health Care&rsquo;s return to level from &minus;3% the most notable move.&nbsp;<strong>Import\/Export (&minus;1%)<\/strong>&nbsp;recorded only a token decline, still weighed down by soft global trade and tariff uncertainty.&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.foundit.sg\/search\/hospitality-jobs\" target=\"_blank\" rel=\"noopener\">Hospitality<\/a> (&minus;9%)<\/strong>&nbsp;was the steepest faller, with tourism demand still selective.<\/p><p class=\"wp-block-paragraph\"><strong><strong><a href=\"https:\/\/www.foundit.sg\/search\/bfsi-jobs\" target=\"_blank\" rel=\"noopener\">BFSI<\/a>&nbsp;<\/strong> (&minus;6%)<\/strong>&nbsp;and&nbsp;<strong>Retail\/Trade &amp; Logistics (&minus;5%)<\/strong>&nbsp;both stayed under pressure, though BFSI narrowed sharply from July&rsquo;s &minus;11%.&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>Education (&minus;3%)<\/strong>&nbsp;rounded out the declines&nbsp;on&nbsp;continued expenditure discipline.&nbsp;<br>&nbsp;<br><em>* All figures&nbsp;represent&nbsp;percentage change between August &rsquo;25 and August &rsquo;26<\/em>&nbsp;<\/p><h2 class=\"wp-block-heading\">&nbsp;<br><strong>Hiring Trends &ndash; Functional Area<\/strong><\/h2><p class=\"wp-block-paragraph\"><strong><em>4 of the 11 job functions recorded positive annual growth in hiring in August 2026.<\/em><\/strong>&nbsp;<br>&nbsp;<br><strong>Software, Hardware &amp; Telecom (+6%)<\/strong>&nbsp;led all functional categories, accelerating from July&rsquo;s +4% as tech hiring firmed alongside the industry-side pickup.<\/p><p class=\"wp-block-paragraph\"><strong><strong><a href=\"https:\/\/www.foundit.sg\/search\/marketing-communications-jobs\" target=\"_blank\" rel=\"noopener\">Marketing &amp; Communications<\/a><\/strong> (+5%)<\/strong>&nbsp;held its lead among consumer-facing roles, extending the tail of Singapore&rsquo;s strongest industry cluster.&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong><strong><a href=\"https:\/\/www.foundit.sg\/search\/customer-service-jobs\" target=\"_blank\" rel=\"noopener\">Customer Service<\/a>&nbsp;<\/strong>(+4%)<\/strong>&nbsp;stayed firm on steady support-desk demand, and&nbsp;<strong>Engineering\/Production (+2%)<\/strong>&nbsp;edged higher on continued project-led hiring.&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>Purchase\/Logistics\/Supply Chain (0%)<\/strong>&nbsp;returned to flat from July&rsquo;s &minus;2%, and&nbsp;<strong><strong><strong><a href=\"https:\/\/www.foundit.sg\/search\/finance-accounts-jobs\" target=\"_blank\" rel=\"noopener\">Finance &amp; Accounts<\/a><\/strong>&nbsp;<\/strong> (&minus;1%)<\/strong>&nbsp;narrowed sharply from a &minus;5% reading a month earlier, while&nbsp;<strong>Sales &amp; Business Development (&minus;6%)<\/strong>&nbsp;slipped further after July&rsquo;s setback, with commercial teams still being rebuilt selectively rather than at scale.<\/p><p class=\"wp-block-paragraph\"><strong><strong><a href=\"https:\/\/www.foundit.sg\/search\/health-care-jobs\" target=\"_blank\" rel=\"noopener\">Health Care<\/a><\/strong>(&minus;4%)<\/strong>&nbsp;also softened on the year, reversing part of an earlier recovery in hiring for hospital and clinical roles.&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong><strong><a href=\"https:\/\/www.foundit.sg\/search\/hospitality-jobs\" target=\"_blank\" rel=\"noopener\">Hospitality<\/a>&nbsp;&amp;&nbsp;<a href=\"https:\/\/www.foundit.sg\/search\/travel-jobs\" target=\"_blank\" rel=\"noopener\">Travel<\/a><\/strong> (&minus;11%)<\/strong>&nbsp;fell in line with the tourism slowdown at industry level, and&nbsp;<strong>HR &amp; Admin (&minus;9%)<\/strong>&nbsp;continued its steady retreat as&nbsp;organisations&nbsp;hold leaner structures.&nbsp;<\/p><p class=\"wp-block-paragraph\"><strong>&nbsp;<strong><strong><a href=\"https:\/\/www.foundit.sg\/search\/legal-jobs\" target=\"_blank\" rel=\"noopener\">Legal<\/a><\/strong><\/strong> (&minus;11%)<\/strong>&nbsp;shared the steepest slot, as firms lean on outside counsel and run leaner in-house teams rather than adding permanent lawyers. Hiring&nbsp;remains&nbsp;firmest where work is customer-facing or creative, and weakest where it can be automated or done with fewer people.&nbsp;<br>&nbsp;<br><em>* All figures&nbsp;represent&nbsp;percentage change between August &rsquo;25 and August &rsquo;26<\/em>&nbsp;<\/p><h2 class=\"wp-block-heading\"><strong>About&nbsp;foundit&nbsp;APAC &amp; Middle East<\/strong>&nbsp;<\/h2><p class=\"wp-block-paragraph\">foundit, formerly Monster (APAC &amp; ME), is Asia&rsquo;s leading jobs and talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC &amp; ME. In addition to a powerful AI-powered job search,&nbsp;foundit&nbsp;offers e-learning, assessments, and services related to resume creation, interview preparation, and professional networking. Since its&nbsp;inception, the company has&nbsp;assisted&nbsp;over 120 million job seekers across 18 countries in connecting them with the right job opportunities and upskilling.&nbsp;foundit&nbsp;is now also the Official Talent Partner of the Badminton World Federation across 20 key world tour events.&nbsp;<\/p><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Key Highlights of the Month&nbsp;The&nbsp;foundit&nbsp;Insights Tracker (fit) held Singapore&rsquo;s July recovery into August 2026. The index stayed at 96, unchanged month-on-month, while the year-on-year decline held at 1% &mdash; matching July&rsquo;s reading and marking two consecutive months at the narrowest annual gap since April.&nbsp;&nbsp;Over a longer&nbsp;horizon&nbsp;the recovery firms. The index is up 4% over three &hellip; <a href=\"https:\/\/www.foundit.sg\/career-advice\/foundit-insights-tracker-singapore-aug-2026\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">foundit Insights Tracker in Singapore records a 1% annual decline in hiring activity in August &#8217;26<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":48297,"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":["post-54772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights-tracker"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/54772","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=54772"}],"version-history":[{"count":1,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/54772\/revisions"}],"predecessor-version":[{"id":54774,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/54772\/revisions\/54774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/media\/48297"}],"wp:attachment":[{"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/media?parent=54772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/categories?post=54772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/tags?post=54772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}