What the Job Market in 2015 Means for You

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How does Singapore’s job market in 2015 look? Is it stable, and is it safe to switch jobs this year? We look at the trends for 2015 and break it down for you. So before you dive right into the job search, read what this year has in store for you.


More opportunities for local applicants

The government launched the Fair Consideration Framework in 2013, an effort to encourage companies to consider locals. Last year saw stricter policies for hiring foreign talent. The effect was astounding – in September 2014, the number of available jobs was at its highest in six years at 67,400.

At the end of 2014, the unemployment rate in Singapore remained low at 1.9%, even with increased layoffs.

What this means for you: As a Singaporean or PR, 2015 will be a good year for you to make a career switch.


21.8% of available jobs are specifically for PMEs

Out of the 67,400 vacancies in September 2014, 21.8% or 13,590 jobs required professionals, managers and executives (PMEs) to fill. However, the last five years saw an increase in PMEs attending career fairs, from 1 in 5 to 1 in 2. Why is there such a perception gap? PMEs might be resistant to trying new jobs, and companies might be sensitive in hiring older talent because they can only offer a salary lower than PMEs are used to.

What this means for you: If you’re a PME looking for a job, you should know that there are many options and opportunities out there for you. Open yourself to trying something new or upgrade your skill set if you’re not confident enough to take the leap just yet.


Skill-based labour jobs are in hot demand

The economy is increasingly reliant on skill-based labour, such as jobs in IT and Engineering. According to recruiters and research firms, the top sectors in 2015 are:


Job Functions


Automation Engineer
Mechanical Engineer
Electrical Engineer
Chemical Engineer
Construction Project Manager

Software Development

Cloud Computing Architect
Mobile Application Developer

Sales and Business Development

Business-to-Business Corporate Sales Executive


Social Media Strategist
Digital Marketing Specialist

Risk and Compliance

Risk and Compliance Executive

Accounting and Finance

Internal Auditor
Tax Auditor
Project Finance Manager

Find your next opportunity. View all the latest Engineering jobs

Find your next opportunity. View all the latest Sales / Customer Service / Business Development jobs


With lesser students studying engineering in university and the Fair Consideration Framework in effect, the demand for this sector will only increase. The IT industry has, for a while now, been popular in the job market. However, 2015 will see more of a focus on mobile application development. And with more companies integrating digital aspects into their marketing strategies, the need for social media and digital experts is more prominent than ever.

What this means for you: If you have the required skill set for the abovementioned sectors, you should negotiate for a better remuneration package. If you’re interested in these industries but lack the experience, consider picking up a second skill.


Source: Luke Ma (photo)

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