Singapore’s banking and payments industry registered a 12.8% drop in IT hiring activity in December 2021 when compared with the previous month, according to GlobalData’s Job Analytics database.
The industry’s overall hiring is decreased by 10.58% in December 2021 when compared with November 2021.
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Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 23.85% share in December 2021, recording a decrease of 0.15% over the last three-month average share.
Top five job classifications in Singapore’s banking and payments industry’s IT recruitment activity in December 2021
Out of the total job titles, the top five roles commanded a 100.48% share in the overall IT recruitment activity of Singapore’s banking and payments industry in December 2021.
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By GlobalData1) Software and Web Developers, Programmers, and Testers recorded a share of 57.76% in December 2021, registering a 32.59% decline over the previous month.
2) Miscellaneous Computer Occupations claimed an 18.85% share, a decrease of 38.76% over the previous month.
3) Database and Network Administrators and Architects held a share of 13.6%, registering a 36.67% decline from November 2021.
4) Computer and Information Analysts captured a share of 5.97%, down 43.18% over the previous month.
Top five banking and payments companies in Singapore’s IT recruitment activity in December 2021
The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average decline of 33.24% share in the overall IT recruitment activity of Singapore’s banking and payments industry during December 2021 over November 2021.
DBS Group Holdings posted 73 IT jobs in December 2021 and registered a drop of 32.41% over the previous month, followed by Visa with 60 jobs and a 42.86% growth. Temasek Holdings (Private) with 53 IT jobs and JPMorgan Chase with 31 jobs, recorded a 48.04% decline and a 40.91% flat growth, respectively, while Citigroup recorded a decline of 72.41% with 24 job postings during December 2021.
Junior Level job postings dominate in December 2021
Junior Level jobs held a share of 43.44%, down by 32.59% from November 2021. Mid Level positions with a 31.74% share, registered a decline of 44.81% compared with the previous month.
In the third place was Senior job ads with 14.32% share, down 25% over November 2021, while Entry Level postings accounted for 10.5%, recording a month-on-month decline of 21.43%.
