The Singaporean banking and payments industry experienced a 31% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by United Overseas Bank with 797 job postings according to GlobalDataâ€™s analysis of banking and payments company job postings. GlobalData’s Banking & Payments: Hiring Trends & Signals Q3 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the industry, facilitating anticipation of future workforce needs. Buy the report here.
Notably, Management Occupations jobs accounted for a 27% share of the Singaporean banking and payments industry new job postings in Q3 2023, down by 47% over the prior quarter.
Management Occupations drive banking and payments industry hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 27% of the total new job postings in Q3 2023 and were down by 44% year-on-year. Second highest were Business and Financial Operations Occupations, which accounted for 9% and drop by 51% year-on-year, and third highest were Computer and Mathematical Occupations, which were 20% of the new job postings and 68% lower year-on-year.
Top five companies in banking and payments industry accounted for 54% of hiring activity
The highest number of jobs were posted by United Overseas Bank with 797, followed by Standard Chartered with 322, while the highest increase was at Temasek Holdings at 19%.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q3 2023, buy the report here.