Banking & Finance and ICT Sectors Contributing to more than 50% of Online Jobs Growth in 2Q 2017

JobTech’s online jobs scan reveals that Banking & Finance is the top contributing sector, followed by Information and Communications Technology (ICT), to the online jobs growth in 2Q 2017. These 2 sectors collectively contributed to more than 50% of total online jobs growth recorded across 9 key labor sectors in Singapore.

The top 5 most sought-after technology job roles in the Banking & Finance sector collectively account for more than 50% of all technology jobs posted by the sector. Similarly, the top 5 most sought-after technology job roles in the ICT sector collectively account for more than 45% of all technology jobs posted by the sector. The analysis also identified the fastest growing technical skills across the sectors scanned by JobTech.

Banking & Finance Sector

ICT Sector

Top 5 Fastest Growing Technical Skills Across 9 Sectors

In terms of the employment type, more than 90% of the technology jobs posted by both Banking & Finance and ICT sectors were seeking for full-time hires, while only about 8-10% of online jobs were offering contract and temporary positions.

JobTech’s job monitoring technology also registered a net increase of more than 1,000 unique online jobs in 2Q 2017 across the 9 key labor sectors. This represents a sequential 6% increase in online jobs when 2Q 2017 is compared with 1Q 2017.

The 9 key labor sectors tracked in the jobs scan included: 1) Information and Communications Technology (ICT); 2) Banking & Finance; 3) Electronics & Semiconductor; 4) Biotech & Pharmaceuticals; 5) Government; 6) Energy & Chemicals; 7) Marine & Offshore; 8) Healthcare; and 9) Logistics. JobTech’s technology is able to remove duplicate online jobs in its jobs scan, identifying the unique jobs and tracking the aging of those jobs over time.

Generally, an upward trend was observed in the number of online jobs from April to June 2017 across the 9 sectors scanned. In sum, JobTech’s jobs scan detected at least 10% increase in quarter-over-quarter job growth in Logistics, Banking & Finance, and Government sectors in 2Q 2017. Of the 9 sectors, Logistics had the largest quarterly sequential percentage increase while Biotech & Pharmaceuticals and Marine & Offshore suffered relative decreases in online jobs when compared quarter-over-quarter.

“JobTech is one of the most promising startups today using AI and Big Data solutions to solve real world HR challenges. Their proprietary TalenTech enterprise platform helps HR professionals quickly and scalably upload, analyse and match candidate resumes to open jobs. The broader application of their technology at the national level provides detailed labour market intelligence in areas like industry trends, hot jobs / skills and development / redeployment opportunities. I think JobTech is an excellent addition to the set of HR tech tools available to the HR community in Singapore today,” said Syed Ali Abbas, Executive Council Member of Singapore Human Resources Institute, Group HR Director of Global Fashion Group, a leading global e-commerce fashion player which is represented in Asia via Zalora brand.

For more information on the full version of JobTech Analytics Reports (Quarterly Sector Reports) and Real Time Analytics, please visit http://analytics.jobtech.sg/.