SINGAPORE: Hires in government/PSU/defence sector dropped 11%. Online hiring in Singapore continued to weaken as overall activity declined 3% YoY to 95 points in August, the latest Monster Employment Index (MEI) said. According to a press release, hiring in the Government/PSU/Defence sector saw the largest drop at 11%.
Demand for customer service professionals fell the hardest by 13%. Meanwhile, the Banking, Financial services and Insurance (BFSI) sector led online hiring in Singapore with a 10% growth. Demand for healthcare workers also grew 9%, the highest amongst sectors. Sanjay Modi, managing director, Monster.com – APAC and Middle East, said, “The ongoing business restructuring, talent shortage, skills mismatch and shifts in the labour force within Singapore are some of the hurdles facing the jobs market. However, in line with our MEI, the healthcare sector in Singapore is growing rapidly due to an ageing population, consequently leading to a demand for medical professionals is growing. Having said that, the dip in work permit holders is making it tougher for employers hiring talent with niche skills, who are working with tight budgets and need to maintain a constant watch on their headcount.”
