Chart of the Day: Online IT and BPO hiring surges 40% in March

The hiring spree came amidst news of a 5G rollout by 2020.

Online hiring for IT, telecom/ISP and BPO/ITES roles in Singapore continued to gain momentum after rising 40% MoM in March, according to a report from Monster. This extends a steep uptrend since the beginning of the year when online recruitment activity grew 21% in January and 22% in February. 

"With a major focus from the Singaporean government on developing the nation’s burgeoning tech sector, coupled with the news that Singaporean telcos will introduce 5G networks by 2020, the strong numbers in recruitment for the IT, Telecom/ISP and BPO/ITES sector indicate that the government’s programmes and investments are indeed helping them reach their workforce goals," Monster said in its report. 

Also readHere are the most in-demand jobs in 2019

In comparison, online hiring for the same sector in the Philippines only hit 12% in March despite the country's strong grasp on the BPO sector which count as amongst its top exports. Malaysia similarly witnessed a sustained uptrend in online hiring which hit 60% in March, outpacing Singapore. This extends a similar uptick from 23% in January and 25% in March. 

In Q1, online hiring rose 11% in Q1 with the IT, telecom, ISP and BPO/ITES sectors driving the quarterly gains. 

Get Singapore Business Review in your inbox
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!

This is supported by Lao PDR, Thailand, and Malaysia.
Re-exports, meanwhile, saw a jump by 19% in the same month.
SNACK Investment will be available for consumers for as low as $1.
The programme is done in partnership with 10x1000 Tech
The maturity date for these notes will be in 2028.
Assets in this category experienced a jump to $10b in less than three years.
CityDev, SATS, and Mapletree Logistics Trust showed the most growth.
Limiting the entry of foreign workers would not result in more jobs for Singapore, Wong said.
They also agree to explore other collaboration opportunities.
It creates a one-stop ecosystem that connects its users to EV car dealers.
Its passenger capacity remained steady at 32% of pre-COVID levels.
This would increase the opportunities for cross-border investments.
A return to pre-pandemic levels, however, could take two to three years.
HongKongLand and SGX showed the most growth today.