- Overall hiring improved by 15 percent on a YoY
basis
- Education maintained top spot with 16% annual growth,
followed by Media & Entertainment (15%) and BFSI industries
(11%)
- Finance & Accounts job roles charted a double-digit
uptrend at 35% in job posting activity
BANGALORE, India,
May 18, 2022
/PRNewswire/ -- As Singapore
inches out of the pandemic, the job market continues to witness an
encouraging recovery pattern with an 11% increase in hiring
activity in the month of April, reports the Monster Employment
Index (MEI). The country seems to have increasingly shrugged off
the adverse effects of the pandemic with the pace of hiring growing
steadily month on month.
Singapore has been seen as a
top contender destination for international study, which was
severely impacted during the pandemic. However, since the crisis is
reaching its end, the MEI report witnessed a remarkable incline in
hiring activity in the education sector by 16% for the second
consecutive month, showcasing a great recovery in the country's
stellar education system. Along the same line, Market Research,
Public Relations, Media and Entertainment (up 15 percent) and BFSI
(up 11 percent) segments. In addition, other sectors such as
Retail/Trade and Logistics (up 6 percent), Hospitality (up 5
percent), IT, Telecom/ISP and BPO/ITES (up 4 percent), Engineering,
Construction and Real Estate (up 2 percent), Healthcare (up 2
percent), and Production/ Manufacturing (up 1 percent) witnessed
marginal growth on year on year basis April
2022 data.
However, sectors such as Government/ PSU/Defence (down 10
percent) and Consumer Goods /FMCG (down 10 percent) showcased a
noticeable downward trend. Import/Export (down 9 percent), Oil
& Gas (down 4 percent) and Shipping/Marine (down 2 percent)
industries also saw a dip given the possible impact of the
Russia-Ukraine war, the global supply chain crisis,
and the ban of palm oil export by Indonesia.
The Singaporean BFSI industry continues to make substantial
strides with job roles in Finance & Accounts (up 35 percent)
seeing an upswing in growth momentum while hiring for Software,
Hardware, Telecom (up 34 percent), and Legal (up 26 percent)
professionals exhibited optimistic outlooks for the months to come.
Other functional areas performing exceptionally well include HR
& Admin (up 22 percent), Marketing & Communications (up
19%), and Real Estate (up 12 percent).
All functional areas monitored by the Index recorded positive
job sentiments, with a few exceptions seen in Customer Service (up
6 percent), Hospitality & Travel (up 10 percent) and Healthcare
(up 10 percent). With the Covid-19 waning globally, several
countries including Singapore have
dampened curbs and restrictions, leaving more space for recovery,
especially in segments such as Travel, Tourism, and
Hospitality.
Commenting on the job trends for April
2022, Sekhar Garisa, CEO,
Monster.com - APAC & Gulf said, "As Singapore moves closer to pre-pandemic levels,
we are hopeful to see a close to full recovery in the coming
months, especially in sectors such as Education and Travel &
Tourism. Moreover, with the ongoing economic recovery, the country
is expected to witness an upward trend in jobs with demand for
workers surging in the coming days."
The Monster Employment Index is a broad and comprehensive
monthly analysis of online job posting activity conducted by
Monster India. Based on a real-time review of millions of employer
job opportunities culled from a large, representative selection of
online career outlets, the Monster Employment Index presents a
snapshot of employer online recruitment activity
nationwide.
Period for the report
The period considered for the MEI data is 1st to 30th April,
2022.
About Monster APAC & Middle East
Monster (a Quess Company), the leading online career and
recruitment resource, with its cutting-edge technology provides
relevant profiles to employers and jobs to jobseekers across
industry verticals, experience levels, and geographies. More than
200 million people have registered on the Monster Worldwide
network. Today, with operations in more than 40 countries, Monster
provides the widest and most sophisticated job seeking, career
management, recruitment, and talent management capabilities
globally.
Monster continues its pioneering work of transforming the
recruiting industry with advanced technology using intelligent
digital, social and mobile solutions, and a vast array of products
and services.
To learn more about Monster in APAC & Gulf,
visit: www.monsterindia.com | www.monstergulf.com | www.monster.com.sg | www.monster.com.my | www.monster.com.ph | www.monster.com.hk
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