Banking and finance led online hiring growth in June

The IT and advertising & media sectors also saw 6% and 2% rise in online hiring, respectively.

The banking, financial services, and insurance (BFSI) sector topped the online hiring growth across Singapore sectors through its 12% YoY hiring increase in June, a study by human resources firm Monster found.

The IT, telecom, and BPO sector also saw a 6% YoY rise in online hiring activity. For Q2, online hiring in the sector inched up 1% YoY.

“With emerging technologies disrupting entire industries, the demand for skilled talent is bound to continue in the second half of the year,” Monster commented.

For advertising, market research, public relations, media and entertainment, online hiring activities inched up 2% YoY in June. According to Monster, the sector is in the midst of challenges as part of its on-going digital transformation amidst weaker advertising and circulation revenue for large media outlets in Q2.

Meanwhile, HR and administration sector’s online hiring activity slipped 3% YoY.

Despite this, Monster noted that businesses in Singapore are in need of qualified HR practitioners amidst more tech-enabled HR tools.