Online hiring activity in Singapore is expected to enjoy continued growth in early 2018, with job listings and vacancies becoming more available, expert said.
However, optimism has been cautioned with certain sectors of industry likely to experience fluctuations and possible decline.
According to the Employment Index (EI) data has shown a 1% year-on-year growth in Singapore online hiring activity in December 2017, with improvement expected to persist into early 2018.
This has been involved a review of millions of online job listings on career portals in Singapore.
The government, private sector undertakings and defence sector, however, fared the worst amongst all other sectors, showing the steepest annual decline at -8%.
For occupational groups monitored by the EI, the engineering, construction and real estate sector saw for the second consecutive month, an up-trend in online hiring activity and recorded 11% year-on-year growth. For Singapore condominium, see Signature Yishun
It was also the occupational group that was most in demand, witnessing its steepest annual growth since November 2012.
Up-trends in annual online demand were seen in several roles for the first time following a series of declines in the past.
Finance & accounts, real estate as well as marketing & communications each experienced a 1% growth – their first positive growth since March 2015, March 2017 and September 2017 respectively.
Nonetheless, the index warns against over-confidence in certain sectors.
For instance, the information technology (IT) sector achieved an average annual growth rate of 9% year-on-year.
Yet Singapore’s talent pool’s lack of preparedness to embrace changes in niche tech skills and responsibilities, as well as the issue of job-talent mismatches, continue to cause uncertainty amid a fluctuating global outlook.