Chart of the Day: Online finance hiring up 28% in March

It rose sharply from 12% in the previous month.

Online hiring for banking, financial services and insurance (BFSI) roles in Singapore picked up at a faster pace at 28% MoM in March, according to a report from Monster. Recruitment activity only rose by 15% in January and tapered off slightly to 12% in February.

"The BFSI sector has always been a strength for Singapore, and it had a particularly strong showing at the beginning of 2019 - clocking in double-digit year-on-year growth each month," Monster said in its report.

Also read: Online hiring up 5% in December

In comparison, online hiring in the Philippines and Malaysia fell short of strong recruitment activity in the city state after rising by 15% in March. The rapid digitisation in Southeast Asia bodes well for the BFSI sector of the two countries, according to the report. 

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