Overall, job posting volumes in Singapore “remain high and consistent” and have “consistently outperformed most other markets”.
The number of remote job openings in Singapore has dropped ‘significantly’ since the start of 2022, global job portal In effectanalysts said.
The share of job postings in Singapore with remote keywords – such as work from home – in their job descriptions was 7.4% at the end of May 2022, down about a quarter since the start of the year. “This metric was above 10% as recently as February 2022,” the analysts revealed.
That said, those figures are “even higher than before the pandemic” – noting that Singapore is one of the few advanced economies to have seen a “significant decline” in its share of remote job vacancies. In countries like Australia, Canada and the United States, remote job vacancies are still around 10%, analysts added.
Beyond that, Indeed’s findings also revealed that job seekers in Singapore remain committed to working remotely. This represents approximately 3.6% of job seekers looking for remote work on the job portal.
Callam Pickering, APAC Senior Economist, Indeed explained: “Workers in Singapore are seeking greater flexibility and autonomy in the way they work and this has intensified since the start of the pandemic. Many companies, on the other hand, may view remote and hybrid working as temporary. , in stark contrast to the trends we have observed globally.
He added that in a very tight labor market, with staff shortages facing the city, maintaining work from home or hybrid arrangements “could attract more candidates” for the positions that companies want to fill – which is “a win-win situation” for both job seekers and businesses.
Separately, hiring activity in Singapore was “broadly unchanged” in May 2022. Job posting volumes, analysts said, “remain high and consistent” with a further tightening of the labor market in Singapore.
To put that into perspective, at the end of May, Singapore job postings on the portal were “up 106%” from their February 1, 2020 level. This is after adjusting for seasonal trends, indicating that there are “more than twice” as many jobs available on the portal today as there were “before the pandemic began”.
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