JobTech online jobs scan reveals Banking & Finance and ICT Sectors Contributing to more than 50% of total online jobs growth in 2Q 2017
PUBLISHED ONAugust 17, 2017 12:00 PM
SINGAPORE, Aug. 17, 2017 /PRNewswire/ -- 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
| Rank |
Top 5 Most Popular Technology Job Roles |
% of Technology Job Role In Banking & Finance |
Technical Skills Sought by Employers |
| 1 |
Data Scientist/Analyst |
20% |
Data Analytics SQL Database Management |
| 2 |
Cross-platform Developer |
12% |
Programming Java SQL |
| 3 |
Data Controller |
7% |
Data Analytics SQL Database Management |
| 4 |
IT Infrastructure Specialist |
7% |
Troubleshooting Project Management Cloud Infrastructure Management |
| 5 |
IT Business Analyst |
6% |
Programming System Implementation Risk Management |
ICT Sector
| Rank |
Top 5 Most Popular Technology Job Roles |
% of Technology Job Role In ICT |
Technical Skills Sought by Employers |
| 1 |
Software Engineer |
17% |
Programming SQL Java |
| 2 |
System Engineer |
10% |
Troubleshooting Maintenance Management Configuration Management |
| 3 |
IT Support |
9% |
Troubleshooting Hardware Installation Configuration Management |
| 4 |
Cross-platform Developer |
7% |
Programming Java SQL |
| 5 |
Network Infrastructure Engineer |
5% |
Local & Wide Area Network Configuration Firewall Setup Maintenance Management |
Top 5 Fastest Growing Technical Skills Across 9 Sectors
| Rank |
Top 5 Fastest Growing Technical Skills |
% of Growth In Demand Over prior 3 Quarters |
Technical Tasks Performed |
| 1 |
Objective-C |
130% |
General-purpose, object-oriented programming language used mainly for iOS development work. |
| 2 |
SASS |
120% |
Stylesheet language that supports integration and front-end development work. |
| 3 |
PLC Programming |
96% |
Programming of highly reliable control systems in assembly lines or robotic devices. |
| 4 |
SWIFT |
89% |
General-purpose, multi-paradigm, compiled programming language used for development work in various Mac OS and Linux environment. |
| 5 |
API Creation |
64% |
Application Programming Interface (API) allows end users to access specific sets of information from a service provider. |
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 https://analytics.jobtech.sg/.
About JobTech
JobTech is Singapore's leading Artificial Intelligence and Big Data Analytics technology startup that provides real-time labour market intelligence and optimized job matching tools. Our core technology took 10 years to build by top researchers at the Institute for Infocomm Research (I2R), a part of the Agency for Science, Technology and Research's(A*STAR).
We apply the technology platform to provide complete and accurate visibility of online jobs market around the world. In Singapore, our technology tracks and analyses more than 90% of online jobs. Our customers include: financial institutions, government, recruiters, and consultancy firms.
Our strong technology foundation allows us to be obsessed with powering the jobs economy. This means building products and solutions that reduce frictions in the job market and drive human resource productivity.
About Singapore Human Resource Institute (SHRI)
Established in 1965, SHRI is a not-for-profit, professional HR body which represents Individual and Corporate members across diverse sectors. SHRI connects HR professionals and business leaders through its signature conferences, membership activities, dialogues and networking sessions.
SHRI is Singapore's representative on the Asia Pacific Federation of Human Resource Management (APFHRM) and the World Federation of People Management Associations (WFPMA). SHRI partners national HR associations worldwide to bring global and regional best HR practices to Singapore. In line with its vision to be the leading HR authority in Singapore, upholding human capital excellence, SHRI is committed to advocating HR best practices, connecting a community of HR professionals and enhancing the HR profession.