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June 30, 2021

Singapore banking and payments industry IT recruitment activity rises 4.1% in May 2021

By Verdict Staff

Singapore banking and payments industry registered a 4.1% rise in IT hiring activity in May 2021 compared with the previous month, according to GlobalData’s Job Analytics index.

The industry’s overall hiring an increased by 4.45% in May 2021 compared with April 2021.

Out of the banking and payments industry’s total hiring activity, IT jobs claimed a 22.92% share in May 2021, recording decrease of 0.61% over the last three-month average share.

Top five job classifications in Singapore banking and payments industry’s IT recruitment activity in May 2021

Out of the total job titles, the top five roles commanded a 99.1% share in the overall IT recruitment activity of Singapore banking and payments industry in May 2021.

1) Software and Web Developers, Programmers, and Testers recorded a share of 55.18% in May 2021, a 15.02% growth over the previous month.

2) Miscellaneous Computer Occupations claimed a 20.05% share, an increase of 15.58% over the previous month.

3) Database and Network Administrators and Architects held a share of 15.09%, registering a 14.1% decline from April 2021.

4) Computer and Information Analysts captured a share of 5.63%, down 10.71% over the previous month.

Top five banking and payments companies in Singapore IT recruitment activity in May 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average growth of 21.3% share in the overall IT recruitment activity of Singapore banking and payments industry during May 2021 over April 2021.

Temasek Holdings (Private) posted 105 IT jobs in May 2021 and registered a drop of 13.93% over the previous month, followed by DBS Group Holdings with 79 jobs and a 21.54% growth. Standard Chartered with 45 IT jobs and PayPal Holdings with 27 jobs, recorded a 136.84% growth and a 440% increase, respectively, while Oversea-Chinese Banking recorded a 21.05% an increase with 23 job postings during May 2021.

Junior Level job postings dominate in May 2021

Junior Level jobs held a share of 57.66%, down by 7.25% from April 2021. Mid Level positions with a 28.38% share, a growth of 40% compared with the previous month.

In the third place was Senior job ads with 8.11% share, up 24.14% over April 2021, while Entry Level postings accounted for 5.86%, recording a month-on-month an increase of 30%.

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