Tech industry hot for jobs

With the global economic slowdown and political uncertainty, Singapore is set for a slowdown this year, with employment prospects for the year hardly rosy.

But there are bright spots, according to the latest report by recruitment firm Robert Walters. In particular, technology specialists, digital marketers and regulatory and compliance project professionals are in high demand.

Recruitment in the tech sector is set for an uptick with the Government's plan to boost the local start-up ecosystem, said the report, which was released yesterday.

As more firms shift from traditional retail to e-commerce, professionals with experience in developing the latest technology and platforms will be highly sought after.

"There will be cautious hiring activity in some sectors while employers in other booming industries might be ramping up their recruitment efforts," said Mr Toby Fowlston, managing director of Robert Walters South-east Asia.

Based on its Asia Job Index, the number of IT jobs advertised in Singapore in the fourth quarter of last year surged 30 per cent year-on-year, despite a decline of 1.4 per cent in the overall number of jobs advertised here for the same period of time, reported The Straits Times.

This "cautious" confidence has also been reflected in another survey, which showed that more small businesses in Singapore are expecting to increase head count this year, compared with last year.

Top 10 highest paying jobs in the tech industry

  • 1. Cloudera: US$142,240 (Valuation: US$4.1 billion)

    The data management and analysis company was founded in 2008 and has around 900 employees worldwide.

  • 2. Jawbone: US$130,000 (US$3.0 billion)

    Jawbone is a developer of consumer technology and wearable devices. Some of their products include gadgets that track the wearer's sleep, eating, exercise patterns. It is based in San Francisco, America.

  • 3. Medallia: US$121,920 (US$1.25 billion)

    The company provides software and customer experience services to hospitality, retail, financial services, high-tech companies. It is headquartered in California and has offices internationally.

  • 4. Pinterest: US$118,420 (US$11.2 billion)

    A photo-sharing platform, with web and mobile application, where members engage in topics ranging from photography to DIY instructions.

  • 5. Dropbox: US$116,840 (US$10.35 billion)

    The company offers a cloud storage function that allows users to upload and share large documents. The company is based in San Francisco, America.

  • 6. Airbnb: US$116,840 (US$25.5 billion)

    This up and coming company is a website application that allows members to search for lodgings all over the world. The company has over 1,500,000 listings in 34,000 cities and 190 countries.

  • 7. Kabam: US$116,840 (US$1.02 billion)

    Founded in 2006, this company was responsible for developing multi-player social games such as Dragons of Atlantis: Heirs of the Dragon and Kingdoms of Camelot.

  • 8. AppDynamics: US$114,218 (US$1.0 billion)

    AppDynamics deals with the application performances of online businesses. The company diagnoses and helps manage application performance problems.

  • 9. Credit Karma: US$111,760 (US$3.5 billion)

    This company provides financial analysis with its credit scores, reports and financial tools. The US-based firm is available on both web and mobile applications.

  • 10. Okta: US$110,000 (US$1.2 billion)

    Okta is a security platform that connects consumers with businesses. They have worked with companies such as National Geographic, Groupon and MGM Resorts.

However, the annual CPA Australia Asia-Pacific Small Business Survey, which studied eight markets in the region, also revealed that these same businesses have low growth expectations for this year.

Mr Alex Malley, CPA Australia's chief executive, believes the optimism around employment could be because small businesses only expect weak business growth in the short term.

"Small businesses reporting a positive outlook in hiring intentions may indicate a belief that stronger economic conditions could start to emerge in the latter half of 2017," he said.

Those in the technology business appear to be thriving in Singapore lately.

Tech titan Facebook is looking to expand its presence here and is said to have secured a large office space at the massive Marina One development, which is expected to be completed this year.

Industry sources, who asked not to be named, told The Straits Times that the social media firm will occupy more than 250,000 sq ft of space over several floors at the office tower in Marina Bay, taking up about 13 per cent of the total 1.88 million sq ft of prime Grade A office space available.

According to The Straits Times, Facebook moved to a 70,000 sq ft office at South Beach Tower in Beach Road in August 2015, from a commercial building at 158, Cecil Street.

Mr Nick Pan, 40, regional head of strategy and planning at digital marketing and advertising firm VML, told The New Paper that they are constantly looking to hire, especially those with experience.

The agency employs 2,800 people globally, with 140 based in Singapore.

Mr Pan said: "The skill sets that we require are very specialised, and we are looking for people with five to seven years of experience. Such specialised training was not (widely) available in schools before."

10 most lucrative jobs for graduates in Singapore

  • 10. Quality Assurance - $2708
  • This job requires you to be in charge of performing tests on computer applications to solve and isolate any issues.
  • 9. Research And Development - $2738
  • The aim of R&D is to improve the current technologies offered by an organisation or develop innovations that strengthen an organisation's business in the marketplace.
  • 8. Property Management - $2750
  • A property manager maintains property rentals by advertising and filling vacancies, negotiating leases as well as taking care of the security and maintenance of the premises.
  • 7. Corporate Affairs - $2755
  • A corporate affairs manager is responsible for communicating a favourable public image for his employer. Candidates for the job must have a wide skill set, including proficiency in communication, crisis management, public-speaking, writing and research.
  • 6. Finance And Accounting - $2765
  • A finance and accounting position can range from being a finance officer, financial analyst or being an accountant.
  • 5. Production - $2767
  • A production manager is involved with the planning, coordination and control of manufacturing processes. They ensure that goods and services are produced efficiently and at the right cost and level of quality.
  • 4. Project Management - $2813
  • Project managers are responsible for the planning, management, coordination and financial control of a project. They ensure the project is completed on time and within budget.
  • 3. Information Technology - $2816
  • Graduates of Information technology can work in a wide variety of jobs within a company. These include working as a software engineer, programmer or being a systems analyst.
  • 2. Legal - $2856
  • The legal profession is still seen upon as one of the most prestigious degrees. In recent years however, there seems to be a glut of fresh law graduates, resulting in a shortage of training contracts in law firms in Singapore.
  • 1. Engineers - $2888
  • Being a specialised degree, it is little wonder that fresh engineering graduates earn the highest median salary. They work in a variety of fields to analyse, develop and evaluate large-scale, complex systems.

This article was first published on January 20, 2017.
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