Online hiring in banking and finance surged 23% in August

Finance and account field talents saw their demand rising up by 7%.

The banking, financial services and insurance (BFSI) sector fueled the 1% YoY growth in Singapore’s online hiring for August as the sector’s hiring jumped 23% YoY, recruitment firm Monster found.

The study also found that the sector also observed an uptrend in other parameters as its online hiring inched up 2% MoM, 6% for three-month growth, and 3% on six-month growth.

The IT, telecom, and BPO industry followed the BFSI’s lead as its online hiring grew 11% YoY. An uptrend in online hiring was also seen by other industries such as production/manufacturing (4%), engineering, construction and real estate (3%) and oil and gas (2%).

Meanwhile, the hospitality sector posted the largest decline as its online hiring dropped 5% YoY. Other sectors such as education (4%) and healthcare (3%) also saw a slip in online hiring.

In terms of job roles, talent in the finance and accounts field is deemed as the most in-demand, with a 7% YoY in August. The legal industry comes next with 6% annual growth in their sector’s hiring.

On the other hand, the availability of roles in occupations related to health care dropped 12% YoY. Other sectors also saw declining demands including hospitality and travel (-6%), real estate (-6%), HR and admin (-4%) and supply chain (-2%).

“With restructuring picking up pace amidst rapid advances in automation and artificial intelligence, jobs and skills mismatches will continue to be a challenge for the labour market.” Monster.com CEO for APAC and Middle East Abhijeet Mukherjee said.

Also Read

iFAST Corp net profit leaps nearly five times over in Q1

Fullerton Fund Mgmt, UNDP working on sustainable management framework

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit