25 May 2015

Online hiring still slow in Singapore

Source: Monster infographic. Click on the image to view a larger version.

Despite a slight increase from March 2015, Singapore’s online recruitment is still in decline overall in April 2015, according to the latest Monster Employment Index (MEI) Singapore. The MEI, a gauge of online job posting activity, recorded an 8% decline this April, when compared with the same month in 2014.
However, this is an increase from March 2015, when a record 13% year-on-year decrease was recorded. “For the fourth month since January 2015, the Monster Employment Index Singapore saw annual declines again. However, the rate of decline slowed down between March and April 2015,” said Sanjay Modi, Managing Director, Monster.com (India, Middle East Southeast Asia and Hong Kong). 

Source: Monster.
“As well as an ongoing need for skilled education professionals, Singapore is seeing growing concern over issues related to cyber security, keeping the demand high for mid-level IT professionals in the technology sector. In addition to this, the healthcare sector is also seeing an increase in hiring activity, thanks to a demand for professionals engaged in research laboratory and medical related technical sales.” 

Both tables source: Monster.

Among all 14 industry sectors in the Index, the lowest growth was recorded in the consumer goods/fast moving consumer goods (FMCG), food & packaged food, home appliance, garments/textiles/leather, gems & jewellery industry and the government/public sector undertakings (PSU)/defence  industry, at -16% and -11% respectively.

Once again, the education and IT, telecom/ISP and business process outsourcing (BPO)/IT enabled services (ITES) industries performed the best, at 14% and 4% respectively.

Across the 12 occupational groups monitored by MEI, software, hardware, and telecom roles are experiencing the highest growth for April 2015, at 14% year-on-year. This is the only occupation group in positive figures, with the second highest growth role being real estate at -4% year-on-year.

Purchase/logistics/supply roles saw the lowest growth at -11%, followed by engineering/production and marketing & communications, both at -10%.

The Monster Employment Index Singapore is a monthly gauge of online job posting activity, based on a real-time review of millions of employer job opportunities culled from a large representative selection of career web sites and online job listings across Singapore. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.