Hiring demand for HR jobs shows decline

by HRD04 Oct 2016
The latest Monster Employment Index showed that HR jobs are in low demand, consistently dropping numbers month to month since August 2015 to August of this year.

The online job posting for HR dropped eight points from last year, according to the report; joining the likes of legal, marketing & communications, finance and real estate as jobs with "negative growth”.

"Singapore’s HR landscape remains rather stagnant in comparison, even though industries like IT and Hospitality are experiencing a real boom," said Sanjay Modi, managing director of Monster.com-APAC and Middle East.

“Singapore’s economy is still seeing the effects of the global financial crisis, resulting in a continuation of slowed-down hiring activities across the board,” he added. 

He also said that the hiring outlook is bleak as “many companies will not be planning to increase headcount, which could also explain the slowdown in some industries and jobs”.

On the other side of the spectrum, the report showed strong demand for IT and hospitality professionals.

Tech professionals with experiences in life sciences, media and entertainment, logistics and retail may see an increase in demand in the months ahead, said Modi.

“Besides the manufacturing sector, the BFSI sector is likely to continue to experience weak growth in online hiring,” he said.

“Jobs in the financial sector are likely to be strategically outsourced to other markets, such as India.”

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