Singapore jobs in global financial and trading hub

Singapore is a small city state, a global financial and trading hub, with a nearly $300 billion economy, 5.6 million population, $51,431 per capita income and a workforce of over 3.6 million.

One two line about current political changes that making some impact on job market. There is a significant impact of Brexit on Singapore’s job market. Impact of Brexit is mainly on the financial markets, more than on economies. Following the Brexit vote, the British pound has declined sharply in value, and the US dollar and Yen have strengthened in global markets. Other Asian currencies including the Singapore dollar also weakened against the US dollar, as is typical when there is a sudden increase in risks in the markets. The resulting movement of the S$ on a trade-weighted basis has been orderly and contained. Stock markets also fell immediately after the Referendum, and have since recovered.

1. Hiring patterns will be consistent with the region.
2. Digital, technology and healthcare are likely to be the country’s fastest-growing sectors.
3. Nearly 70% of companies surveyed are already using contractors, especially in operations, technology and business support. Contracting offers flexibility in terms of headcount and budget.
4. Certain sectors/industries will still face talent shortages. Searching for an ideal candidate to fill certain roles, for example, in the fast-moving digital sector, will continue to be an uphill battle for many companies, who require candidates with specific skills including broad geographical knowledge and clearly determined levels of work experience.
5. Employers will need to keep an open mind. While hiring the ideal candidate is logical from a business perspective, such an approach may not be sustainable in the long run.

top recruiting agencies of Singapore

1. Synergy

   This recruitment agency specializes in careers pertaining to the construction, oil and gas sectors. They strive to develop a friendly environment for clients, candidates and consultants to interact.

2. Aegis Recruitment

   Aegis Recruitment is a popular agency in Singapore, with an excellent reputation. It is staffed with experienced professionals who are always ready to help

3. American Association Career Resource Centre

   This recruitment agency specializes in providing expats with job support. Foreigners seeking job opportunities in Singapore will find its invaluable services helpful, with access to an exclusive job board and career workshops.

4. Career Hub Consultants

   Established in 2011, Career Hub Consultants maintains a strong reputation in the country and has delivered almost 500 talented employees to more than 100 businesses.

5. Egon Zehnder

   Egon Zehnder is a global company, providing services such as executive search, board consultation, and leadership strategy services. The consultants are industry specialists with experience in business, backed by research professionals.

6. Energy Resourcing

   This agency provides recruitment and contractor management services to the world’s leading companies. They offer careers in engineering contractors, petrochemical corporations, hydrocarbon operating companies and major construction organizations.

7. Spencer Stuart

   Spencer Stuart is an international firm, with 55 offices in 30 countries. They are partnered with a diverse range of organizations, recruiting executives and high-flying professionals.

Startup eco system and few successful startups

Singapore is 12 on Startup Genome’s 2017 Start-up Ecosystem Ranking.The startup ecosystem in Singapore is valued at US$11 billion, compared to a global median ofUS$4.1 billion. Between 2005 and 2013 the number of startups in Singapore went from 24,000 to 42,000. Around 5,200 of these were tech startups (reported by BASH). Startups in Singapore have access to significant government funding through more than 10 funding bodies, including SPRING Startup Enterprise Development Scheme, the Early Stage Venture Fund Scheme, the Technology Incubation Scheme, and the Sector Specific Accelerator Programme.US$24 billion was the estimated available venture capital in Singapore in 2013 according to the Asian Venture Capital Journal. Singapore is a great place to be a female entrepreneur according to the Mastercard Index of Women Entrepreneurs, which places it as one of the best countries in the world for female entrepreneurs.

According to the reviews given by Tech In Asia, the following are the 5 leading start-ups of Singapore presently:

1. Active AI

   In November, Active AI raised US$3 million from IDG Ventures India and Kalaari Capital. Its AI-powered bot looks to help you do things like check recent transactions, transfer money to friends, or pay bills. The startup will work primarily through Messenger and Line, using participating banks’ APIs.

2. Astroscale

   Astroscale is a Singaporean-Japanese startup with lofty goals – as lofty as low Earth orbit, in fact. The company builds microsatellites that detect and remove space debris – the human-produced litter that has resulted from all our space-related activities in the past decades. Debris orbits the Earth at speeds of 7.5km per second and poses a danger to spacecraft and astronauts as well as an environmental hazard.

3. Carousell

   Carousell is a place where people can buy and sell stuff to each other online. It raised US$35 million for its series B round in August. The funding was dispensed by prominent VCs like Rakuten Ventures, Sequoia India, Golden Gate Ventures, and 500 Startups.

4. Ninja Van

   Ninja Van has quickly emerged as one of the most notable last-mile logistics services for ecommerce companies in Singapore. It now operates in five more markets in Southeast Asia: Malaysia, Indonesia, Thailand, Vietnam, and the Philippines.

5. Nugit

   Nugit uses artificial intelligence to aggregate and analyze piles of marketing data and produce insights worded in normal human language. This can help marketers plan their campaigns better, removing a lot of the grunt work involved.