Singapore’s employment landscape is set for dynamic changes in 2025, with nearly half of employers planning to expand their workforce. According to reports, hiring will focus on roles in sales, business development, and technology, driven by revenue generation and digital transformation needs.
On the salary front, employees can anticipate increments of 2% to 5%, while certain sectors like technology, healthcare, and education may see higher-than-average growth. This article explores key trends, challenges, and opportunities shaping the Singapore job market in 2025.
Key Hiring Trends in 2025
1. Nearly Half of Employers Plan to Hire
- 49% of employers aim to increase their workforce, with 45% prioritizing roles in sales and business development.
- Rising demand for revenue-generating roles underscores the emphasis on business growth amid global uncertainties.
2. High Demand for Tech Talent
- 23% of employers are set to hire more tech professionals, particularly in digital transformation and AI.
- This highlights the growing importance of data analytics, cybersecurity, and digital infrastructure expertise in driving business success.
3. Focus on Internal Talent Development
- To address skill shortages, 30% of organizations plan to promote from within.
- 38% will increase budgets for technical roles to attract and retain top talent.
Salary Trends: Moderate Growth with Sector-Specific Highlights
1. Average Salary Increments
- Singapore employees can expect salary increments ranging from 2% to 5%, with variations across industries.
- Sectors like technology, healthcare, and education are projected to see above-average salary growth due to heightened demand.
2. Tech and Healthcare Leading the Pack
- Professionals in digital transformation, cybersecurity, and special education may enjoy stronger real salary increases, potentially exceeding the national average.
- For example, special education classroom teachers could see salary hikes of up to 12% by 2026, while teacher assistants may see increases of up to 15%.
3. Bonuses on the Rise
- More companies plan to award bonuses exceeding one month’s salary in 2025, with 35% offering bonuses of 1 to 1.5 months.
- Sectors like energy and utilities lead the way, with all surveyed employers planning to give at least one month’s bonus.
Challenges in Recruitment
1. Skill Shortages
- 66% of employers report difficulty finding candidates with the necessary skills.
- This is particularly pronounced in tech and AI roles, where competition remains fierce.
2. Retention Challenges
- Professionals in sales, marketing, and finance who switch jobs may secure salary increments of 10% to 15%, adding pressure on employers to retain top talent.
What Employers and Employees Should Expect in 2025
Employers
- Focus on competitive salary packages and bonuses to attract and retain talent.
- Invest in upskilling programs and internal promotions to bridge skill gaps.
Employees
- Professionals in high-demand sectors should leverage their skills to negotiate better salaries and benefits.
- Explore opportunities in tech, healthcare, and education for potential career growth and competitive pay.
Conclusion
Singapore’s 2025 employment and salary outlook presents both challenges and opportunities. While employers grapple with skill shortages, employees in high-demand roles can anticipate competitive salary increments and bonuses. As businesses navigate uncertainties, strategic investments in talent development and retention will be key to thriving in the evolving job market.
