This article focuses on working in Singapore, yet gives information about the top industries, and what are the latest job trends there. Therefore, it will be useful for those who are currently seeking a job in Singapore, or you only want to know about job trends in Singapore. Let’s have a read until its end!
Overview of Working in Singapore
Working in Singapore is a dream career move for many foreigners, and it is no surprise to us because The World Bank has found that Singapore is the second best place in the world for doing a business in 2020.
As a vital global business hub, many foreigners are interested in having a job in Singapore, as it has a low unemployment rate, booming digital innovation and e-commerce sectors. Thus, the Singapore job market is thriving.
Based on Expat Insider Survey 2019, the country placed 8th in the world for job security and was a top 30 country for working abroad, despite the long working days.
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Finding a dream job in Singapore’s competitive job market is not easy. Foreigners must be highly skilled to achieve the average salary needed for visas, even though the economy is expected to grow, and it may have a lot of job opportunities there.
As a small nation, Singapore is very much welcoming to foreign workers, and this is particularly true for highly skilled roles, in which they can offer generous compensation packages. However, with these amazing opportunities, it comes to a competitive job market. You must stand out from the crowd in order to achieve your dream role.
Top Industries in The Country
Singapore has embraced the industries and strengthened its position to be the leading the economy hub for companies worldwide. However, the past decades have seen the industrial sector drastically transformed by technology and globalisation.
It is no wonder Singapore has top industries that have successfully fascinated many foreigners to do such businesses.
One of the top industries in the country is technology, as Singapore’s tech industry continues to grow at an impressive rate and it’s proposed to be a key driver of the economy, also enabling almost every industry.
For example, the internet economy grew at an average of 20% until 30% annually. In addition, Singapore itself is already home to 80 of the world’s top 100 tech firms. The companies such as Google, Linkedin, Huawei Baidu, and NVIDIA have already set up in the country, and they are creating thousands of jobs for locals.
There are other top industries in Singapore, including the Finance and Services Sector, manufacturing, wholesale and retail trade, and business services.
Other than top industries, there are also job trends in Singapore, or the high-demand jobs that people would be looking for. Let’s see what are the current job trends in the country below!
Job Trends in Singapore
As we have already known, technology is one of the top industries in Singapore, so it is not really surprising, when the country’s fastest-growing jobs for 2020 are dominated by tech. The interesting thing is how diverse the roles being thrown up by the local tech sector are.
These are top 10 job trends in Singapore!
1. Artificial Intelligence Specialist
In Singapore, the national programme AI Singapore (AISG) is focusing on investing and growing local talent and putting the country on the global map. It has also launched an apprenticeship programme to groom local talent.
You can find this position in such industries, including Computer software, information technology and services, internet, research, higher education, and financial services.
However, you will need these skills, TensorFlow, machine learning, deep learning, Python, computer vision, and Py Torch.
2. Robotics Engineer (software)
Developing robotics engineers build and deploy software known as robotics process automation (RPA), which is used to automate tasks, like expense reporting. This software automates standard rules based business processes and replicates those actions.
You can find this position in industries, such as information technology and services, industrial automation, banking, telecommunications, and research.
The needed skills are robotic process automation (RPA), UiPath, robot operating system (ROS), Blue Prism, robotics, Python.
3. Full Stack Engineer
It’s known as the swiss army knife of tech roles, full stack engineers remain in incredibly hot demand. A full stack engineer has a combination of front-end web development and software development skills. Thus, their versatility means that they can run a project from start to finish.
The employers are somehow looking to blend internal talent development with external staff to get the right mix of fresh digital talent and institutional knowledge in these new roles.
This position can be found in these industries, information technology and services, computer software, financial services, internet, banking, marketing and advertising.
4. Backend Developer
A backend developer’s job is to build the technology needed to power the parts that make the website work-the server, the application and the database. The top industries that you can find the position are, information technology and services, internet, computer software, financial services, and computer games.
The skills needed are, Git, Laravel, Node.js, MySQL, MongoDB, and PHP.
5. Data Scientist
The organisations are usually swamped in data, and data scientists can help them to generate meaningful and actionable insights. For instance, with analytics solutions, HR professionals can now advantage data to establish metrics or benchmarks in key areas, such as employee churn and retention, employee performance, recruitment, employee development and engagement, workforce planning and incentive programmes.
Singapore’s Economic Development Board (EDB) states that the data analytics industry contributes an estimated US$730 million to the economy annually. Meanwhile, NTU has launched its new Data Science and Artificial Intelligence Research Centre last year.
The position can be found in these industries, information technology and services, internet, computer software, banking, financial services, and higher education. However, the needed skills are, machine learning, Python, data science, R, Apache Spark, and deep learning.
6. DevOps Engineers
DevOps engineers are the perfect example of a hybrid engineer. They bring together a deep engineering knowledge, along with hands-on experience. Using a variety of open source technologies, they link them together with code to deliver new software, services and applications.
This position can be found in these industries, information technology and services, banking, computer software, financial services, internet, insurance, and telecommunications. The needed skills are, Ansible, Jenkins, Amazon Web Services (AWS), Docker Products, and Kubernetes.
7. Data Engineer
You may ask yourself, what is the difference between a data scientist and a data engineer, however the data engineers are more concerned with the ‘how to’ , so they are in charge of things like pipelines, data workflow management and ETL (extract, transform, load) processes.
The position can be found in such industries, information technology and services, internet, banking, semiconductors, financial services, and computer software. The skills needed are, Apache Spark, Python, Hadoop, Scala, Hive, and Data Engineering.
8. Cybersecurity Specialist
According to the Cyber Security Agency of Singapore, businesses in Singapore lost some US$42 million due to cybercrime in 2018. A QBE Insurance survey of Singapore’s small and medium enterprises found that while 90% are aware of potential cyber risks, one in four did not have any process to protect themselves.
Cybersecurity specialists are emerging as key members of any organisation to help avoid the damage from cyber crime.
The top industries for this position are, information technology and services, computer and network security, financial services, accounting, banking, and telecommunications. The skills needed are information security, vulnerability assessment, network security, penetration testing, and malware analysis.
9. Community Specialist
A community specialist is a new multifaceted role with responsibility for managing the community in both online and offline forums with the goal of driving loyalty and engagement. For the online forums, their job is to turn organisational social media spaces into true places of community where the authentic communication meets the projection of company values.
The position can be found in such industries, information technology and services, Internet, non-profit organisation management, higher education, civic & social organisation, financial services, education management. Skills needed are community engagement, public speaking, leadership, event management, event planning, strategy, and social media marketing.
10. E-commerce Specialist
An e-commerce specialist is a specialist in online sales strategies. They monitor site activity and track that against goals, like increasing website traffic and sales, developing brand loyalty and improving the user experience. They also execute digital marketing campaigns through search engines and social media.
The position can be found in these industries, internet information technology and services, consumer goods, retail, marketing and advertising, logistics and supply chain. The skills needed are digital marketing, social media marketing, marketing strategy, and business development.
These are 10 job trends in Singapore that you may be interested in, or you may think to shift your job into one of these jobs. In conclusion, you need to prepare and understand yourself on what job you really want to pursue, so you won’t feel any pressure when doing this job for your entire life!