The most recent quarterly labour market report from the Ministry of Manpower (MOM) offers an extensive overview of Singapore’s employment landscape as of mid-2024. This report delves into the specifics of job vacancies in various sectors, focusing on industries experiencing significant shortages of skilled workers.
It provides a detailed breakdown of job openings based on categories such as Professionals, Managers, Executives, Technicians (PMETs), Clerical and Service workers, Production/Transport operators, and Cleaners and Labourers.
Singapore’s Top Vacancies 2024
Most job openings in Singapore in June 2024 were for Professional, Managerial, Executive, and Technical (PMET) positions, accounting for 45,300 out of 82,600 available jobs. This indicates a high demand for skilled workers in Singapore, especially in the Services sector, which had 38,700 job vacancies. Additionally, there were 4,200 job openings in the Manufacturing sector and 2,300 in the Construction sector.
Key Details
- Services: 38,700 vacancies (3.9% vacancy rate)
- Manufacturing: 4,200 vacancies (2.4% vacancy rate)
- Construction: 2,300 vacancies (2.9% vacancy rate)
Government is the Largest Employer
Extensive analysis of the data indicates that the government stands as the foremost employer, offering 9,000 job opportunities in public administration and education. As a result, these sectors hold significant appeal for educators. Information technology, finance, healthcare, and law subsequently trail behind, collectively representing over 26,000 job openings. This accounts for nearly 60% of all available Professional, Managerial, Executive, and Technical (PMET) positions.
Top 5 PMET Industries by Job Openings
- Public Administration & Education: 9,000 vacancies (5.1% vacancy rate)
- IT & Information Services: 5,500 vacancies (6% vacancy rate)
- Financial Services: 4,400 vacancies (3% vacancy rate)
- Health & Social Services: 4,200 vacancies (4% vacancy rate)
- Legal, Accounting & Management Services: 3,200 vacancies (4.2% vacancy rate)
Sectors with the Greatest Talent Shortages
Certain sectors are experiencing significant challenges in finding qualified employees, as evidenced by the high number of unfilled positions. The IT and Accommodation industries are particularly affected, with each reporting a 6% vacancy rate. Following closely behind is the Public Administration and education sector, which has a 5.1% vacancy rate. Additionally, other sectors grappling with talent shortages include Social and Personal Services, Professional Services, and Legal and Accounting.
Industries with the Highest Vacancy Rates
- IT & Information Services: 6%
- Accommodation: 6%
- Public Administration & Education: 5.1%
- Other Community, Social & Personal Services: 4.4%
- Other Professional Services: 4.3%
- Legal, Accounting & Management Services: 4.2%
- Health & Social Services: 4%
Diverse Opportunities Across Sectors
The diverse array of employment opportunities underscores the need for a wide range of skills, spanning from information technology and technical positions to healthcare, social services, legal, administrative, and educational roles. This diversity guarantees that individuals with diverse qualifications can discover prospects within Singapore’s growing economy, which is persistently in search of talented professionals in numerous sectors.
Summary
The current job market in Singapore presents a wealth of prospects, particularly for professionals in sectors with high demand such as information technology, education, healthcare, and public administration. These job openings are indicative of the country’s consistent economic growth and its requirement for a diverse array of skills to facilitate continued expansion.
Click the link to know more.
