The job market in Singapore is evolving rapidly, with significant changes expected throughout 2024 and into 2025. As companies navigate a challenging global economy, there are key trends emerging across various sectors, making Singapore a strategic hub for talent in the Asia-Pacific region.
While hiring activity has seen improvement compared to 2023, the focus has been primarily on junior to mid-management roles, with senior management positions recovering more slowly. Singapore’s status as a high-cost business center continues to influence companies' strategies, as many reevaluate their local presence in favor of lower-cost alternatives. Nevertheless, Singapore's role as a leading technology and financial hub remains intact, attracting businesses seeking access to Asia's growing markets.
Our report highlights the latest hiring trend, key roles in demand, key challenges, and a comprehensive salary benchmark across these key roles:
Singapore's job market outlook for 2024 is one of cautious optimism. As businesses continue to navigate the aftershocks of the pandemic and global uncertainties, the demand for talent—especially in tech, finance, and green industries—is set to rise. For companies seeking to attract top talent or professionals looking for their next opportunity, now is the time to capitalize on these emerging trends.
Download the full report to get detailed salary insights and stay ahead in the Singapore job market for 2024/2025!