Singapore Labour Market
COMPASS salary rules rise as firms rethink foreign hiring
COMPASS salary rules rise as firms rethink foreign hiring
Better planning tools are needed as work pass decisions move closer to HR finance and operations.
Employers face persistent skill shortages
Hiring slowdown masks tight labour market.
Singapore’s unemployment rate at 2.0% in Q3 2025
44.1% of firms indicated plans to hire in the fourth quarter.
Singapore plugs tax, benefit loopholes with tighter foreign hiring rules
The cost of setting up shop would be lower than getting caught for operating illegally.
Training participation rate falls 40.7% in 2024
Overall training intensity also dropped from 4.7 to 4.6 days in 2024.
Nearly a quarter of workers lag in confidence on skills development
This makes Singapore the least confident workforce in Southeast Asia.
Singapore’s labour market to remain tight: experts
Half of companies still looking to hire more employees.
Number of employed individuals up by 41,400 in 2021
This is a rebound from last year’s contraction of 166,600.
Singapore labour market down by 2,400 workers in Q3 2021
This was a slower decline, compared to the 16,300 previously.
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