Singapore job postings up 93% in February
Job opportunities for workers in Singapore rose to 93% from February 2020 despite the surge in COVID-19 cases in the country, according to a report by employment website Indeed.
Indeed APAC economist Callam Pickering noted that the strong demand for workers “is a great sign for future employment growth and clearly indicates that the Singapore labor market will tighten in the near term.”
Pickering noted that Singapore’s job market is currently favorable for applicants but significantly challenging for employers.
The economist explained that workers now have “greater choice and more bargaining power than before the pandemic”, which may lead to higher compensations and workplace benefits.
However, Indeed is expecting the skills shortage to worsen as the economy continues to recover.
Demand for jobs was highest in production roles, up 146% year-on-year. This was followed by the engineering sector (140%), installation & maintenance roles (130%), tech (118%), and construction (101%).
According to Indeed, strong demand for production and construction jobs reflects widespread job losses due to the pandemic.
Meanwhile, the strong demand for tech jobs reflects the growing demand for skills in this industry.
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Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
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