Jobs outlook for 2023 in Singapore

How is Singapore Job Market in 2023?

Singapore is considered one of the world’s top hubs for finance and technology sectors. Companies in this city-state country in Southeast Asia are having trouble finding enough international workers for the jobs listed below:

• Scientists
• Engineers
• Technologists

Employees in this country can get higher salaries than in other top Asian nations. Singapore has a high demand for workers in STEM fields. There is also a requirement for professionals in the finance and manufacturing sectors. The country is looking out for highly-educated women and aged people to rejoin their jobs.

The earnings for different job positions in 2023 are as in the table below:

Sector	Salary
Information technology	8,480 SGD
Banking	9,190 SGD
Telecommunications	7,450 SGD
Human resources	7,990 SGD
Engineering	7,130 SGD
Marketing, advertising, PR	9,470 SGD
Construction, real estate	4,970 SGD

Worldwide uncertainties could affect the rate of growth of Singapore's economy, though it is not expected that its economy will slip into recession.

Number of job vacancies in Singapore

In Singapore, job vacancies have risen by 126,600 in the second quarter of 2022.

Also, read…

25,000 healthcare job vacancies in Singapore

Top 3 Singapore states with job vacancies

The states of Singapore with a large number of job vacancies are mentioned in the table below:

City	State
Yishun	Northern Region
Tampines	East Region
Punggol	North-Eastern Region

GDP growth

The Singaporean economy rose by 4.4 percent in the third quarter of 2022. Construction services have contributed primarily to the growth of the country’s economy. Growth of 3.9 percent was witnessed in construction services while the services sector rose by 6.1 percent.  The economy also got a boost in different sub-sectors like:

• Wholesale and retail trade
• Information and communication
• Finance
• Accommodation and food services

Unemployment rate

The unemployment rate in Singapore was 1.9 percent in August 2022 while in September 2022; it was 1.7 percent, according to the reports provided by CEIC data. The unemployment rate of Singapore in Q2 was 2.1 percent and it fell to 2 percent in Q3. Singapore’s total employment grew in Q3 by 75,600 as against 66,500 in Q2.

The job outlook in Singapore, 2023

Singapore has several jobs on offer in various sectors and we can go through them in detail.

IT jobs in Singapore

There are many IT jobs available in Singapore because it has become a leading tech hub in Asia. Venture capitalists are continuously investing in technology start-ups and global tech companies, leading to an increase in the number of jobs in this sector.

The salary of software engineers grew by 22 percent for entry-level professionals and 32 percent for experienced professionals. The salary rose owing to the high demand and low supply of skilled professionals.

The in-demand career path for IT professionals in Singapore is as follows:

• Data Scientist
• Machine Learning
• Cloud engineer
• DevOps Engineer
• Full-stack developer
• Java Developer
• Python Developer
• Cybersecurity Engineer

The average salary of a software professional in Singapore is 5,500 SGD. While the salary for entry-level positions is 4,250 SGD, for experienced professionals, it is 7,959 SGD.

Job role	Salary in Singaporean dollars
Solution Architect	8,000 SGD
Java Developer	6,500 SGD
IT Manager	6,500 SGD
Business Analyst	6,000 SGD
Network Engineer	5,500 SGD
IT Analyst	5,250 SGD
Systems Engineer	5,000 SGD
Process Engineer	4,500 SGD
Programmer	4,163 SGD

Need assistance to get IT and Software jobs in Singapore? Make use of the Y-Axis job search services.

Sales and Marketing

The average salary in Singapore for a sales and marketing professional is 3,485 SGD per annum. The salary for entry-level positions in this sector starts at 2,650 SGD per annum while experienced professionals get S$5,733 SGD per annum. The salaries for other related positions are as in the table below:

Job role	Salary in Singaporean dollars
Director	7,184 SGD
Regional Manager	6,925 SGD
Market Manager	6,000 SGD
Marketing Manager	5,000 SGD
Sales Manager	5,000 SGD
Manager	5,000 SGD
Account Executive	3,150 SGD
Sales	3,000 SGD
Sales Executive	3,000 SGD
Supervisor	2,900 SGD

Want guidance to get Sales and Marketing jobs in Singapore? Use the Y-Axis job search services.

Finance and Accounting

Organizations in Singapore are on the lookout for accounting and finance professionals as their business activities grow. Candidates with experience in both financial analysis and accounting are sought-after in the country. Singapore’s accounting and finance sector is also focusing on automation technologies like machine learning and artificial intelligence as they will provide efficiency.

The average salary of an accountant is S$4,319 per year in Singapore. While the salary for entry-level positions is S$3,464, the maximum is S$6,000 per year. Related salaries are as in the table below:

Job role	Salary in Singaporean dollars
Finance Director	7,250 SGD
Tax Manager	7,000 SGD
Business Analyst	6,000 SGD
Financial Analyst	5,500 SGD
Office Manager	5,000 SGD
Auditor	4,908 SGD
Controller	3,500 SGD
Finance Assistant	3,200 SGD

Do you want guidance to get Finance and Accounting jobs in Singapore? The Y-Axis job search services can help you out.

Healthcare

Demand for healthcare professionals in Singapore has risen in the Q3 of 2022. The demand for physicians and surgeons rose by 52.6 percent since May 2022. Opportunities for nurses have also witnessed a growth of 11.7 percent. The healthcare industry, which is growing, is also facing a shortage of workers.

The average salary of a healthcare professional in Singapore is S$1,700. While the salary of entry-level positions is S$1,600, experienced professionals make S$2,051. Other salaries related to this field are in the table below:

Job role	Salary in Singaporean dollars
Finance Assistant	3,200 SGD
Teacher	2,800 SGD
Service Assistant	2,400 SGD
Assistant	2,400 SGD
Operator	2,000 SGD
Attendant	1,769 SGD

Need assistance to get Healthcare jobs in Singapore? Use the Y-Axis job search services.

Hospitality

After Singapore reopened its international borders due to the pandemic, the food services industry got a shot in the arm. From January 2022 to June 2022, the number of visitors who visited the country was 12 percent more than in the same period in 2021. This growth has made way for the demand for hospitality professionals. The average salary of a hotel manager in Singapore is S$3,650. The lowest average salary in this sector is S$3,075 and the highest is S$6,000. The salaries of other professionals in this industry are as follows:

Job role	Salary in Singaporean dollars
Director	7,184 SGD
Regional Manager	6,925 SGD
Market Manager	6,000 SGD
Manager	5,001 SGD
Service Manager	5,000 SGD
Account Manager	5,000 SGD
Sales Manager	5,000 SGD
Assistant Manager	4,500 SGD
Account Executive	3,150 SGD
Supervisor	2,900 SGD

Need help getting Hospitality jobs in Singapore? The Y-Axis job search services will help you out.

Apply for a Singapore work visa

Step 1: Check your eligibility

In Singapore, the eligibility criteria to work are as follows:

• A proper job offer in Singapore
• Work experience as a manager, executive, or any other specialist
• A university degree, with specialized skills, and professional qualifications

Step 2: Choose your work visa

A work visa in Singapore is also known as a work pass which international workers need to apply for to work there. The other types of work visas that Singapore issues are as follows:

• Entre Pass
• Employment Pass
• Personalized Employment Pass
• S Pass
• Miscellaneous Pass

Step 3: Get your qualifications recognized

Step 4: Arrange a checklist of requirements

The eligibility requirements for a Singapore work visa are as follows:

• A valid passport with a validity of at least six months
• Applicants should be aged at least 18
• Applicants must work only in the scope specified in the work permit
• Foreign workers cannot start their own businesses or participate in any other business
• Foreign workers cannot marry a Singapore citizen or its permanent resident unless they get permission from the country’s Ministry of Manpower
• Candidates must reside at a place that the employer has allotted
• Individuals need to carry original work permits as they need to be produced when any officer can ask at any time in case of inspection

Step 5: Apply for Singapore Work Visa

How can Y-Axis assist you?

To get a Canada work visa, Y-Axis will provide the following services:

• Counseling: Y-Axis arranges free counseling services.
• Job services: Make use of job search services to get jobs in Singapore related to your sector
• Reviewing requirements: Our experts will review the requirements for your visa
• Application process: Help in completing the application process
• Requirements checklist: Help you in arranging the requirements for a Singapore work visa

Do you want to work in Singapore? Get in touch with Y-Axis, the world’s no. 1 overseas immigration consultant.