Online hiring activity in Singapore up 3% in February

Information technology and telecom sectors posted double-digit growth.

Online recruitment activity in Singapore has grown 3% year-on-year in February, data from the latest Monster Employment Index (MEI) showed.

The MEI measures online job posting activities compiled monthly by Monster.com, using real-time review of employer job opportunities culled from a representative selection of career websites and online job listings in Singapore. It does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.

The IT, Telecom/ISP, and BPO/ITES sectors posted double-digit growth for the fifth consecutive month in February at 19% yoy, followed by Hospitality (13% yoy), Consumer Goods/FMCG, Food & Packaged Food, Home Appliance, Garments/Textiles/Leather, Gems & Jewellery (7% yoy), Production/Manufacturing, Automotive, and Ancillary (7% yoy), and Education (6% yoy).

“IT, Telecom/ISP, and BPO/ITES remains the brightest sector, owing to businesses embracing innovation and digital transformation faster than ever and the growing need for tech talent across the board,” said Sanjay Modi, managing director of Monster.com - APAC and Middle East.

Amongst specific occupational groups, Software, Hardware, and Telecom talent also posted the greatest growth in demand at 35% yoy.

On the opposite end of the spectrum, the Retail/Trade and Logistic sector posted a 3% yoy decline, the steepest across all sectors monitored by the index. It is followed by Government/PSU/Defence (1% decline), Oil and Gas (1% growth), Import/Export (1% growth), and Banking, Financial Services, and Insurance (2% growth).