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Hong Kong - China - Singapore - Thailand 

SINGAPORE

5 industries of the future for Singapore

While some industries struggle to keep up with the changing economy, there are ones that are growing, and desperately in need for manpower. 

 

1. Healthcare

A recent United Nations report on the ageing population reported that by 2050, 40.1% of Singapore’s population will be over 60 years old. It’s no surprise that demand for healthcare workers is also increasing proportionately. In fact, the Ministry of Health has estimated that 30,000 more healthcare workers would be needed by 2020, with nurses forming the bulk of this figure. However, the same report also states that this direly-needed job is also the one that doesn’t have a high take-up rate; having the most unfilled vacancies.

 

2. Infocommunications and Media

Those interested to work in ICM industry can also expect to find an abundance of job opportunities. Minister for Communications and Information Yaacob Ibrahim revealed that by 2020, 16,000 more jobs would be created in the sector; with 13,000 expected to be professional, managerial, executive and technician (PMET) roles. Currently, the industry employs 194,000 people and ICM is growing at 6% a year – twice the rate of the overall economy.

 

3. Wholesale Trade

Often overlooked, there are actually over 34,000 wholesale trade companies in Singapore, and 325,000 people employed in the industry.

And this number is set to grow, with strong demand for infrastructure and “the rise of consumerism in the region”, shared Minister for Trade and Industry S. Iswaran. It was also then that he unveiled an industry transformation roadmap created by International Enterprise (IE) Singapore, which targets to create 10,000 new jobs in the sector by 2020.

 

4. Professional Services

The Professional Services is actually more diverse than many would think. Consisting of seven subsectors, namely accounting, consulting, advertising, design, legal, architecture, and engineering services. This industry is nurtured by the Economic Development Board (EDB), which believes that Singapore is a great base for professional services firms.

The Committee on the Future Economy (CFE), set up to drive the growth and transformation of our economy for the future, created a “game plan which aims to position Singapore legal and accounting firms for international growth”.

 

5. Financial Services

With an expected productivity growth of 2.4%, those seeking to be employed in the financial sector can look forward to not just more opportunities, but being exposed to the latest in technological advancements as well. Board member of the Monetary Authority Singapore Ong Ye Kung, who is also Minister for Education, revealed that the industry is expected to achieve a “4.3% industry GDP growth each year over the medium term, nearly twice as fast as the overall economy”. Also announced was the ambitious aim of creating 3,000 jobs in the financial services sector in the next three years. An additional 1,000 jobs in the FinTech sector will also be created each year until 2020.

 

Source: Workforce Singapore

Tightening policies for foreigners seeking employment in Singapore

Top 5 Candidates in Singapore

Skills:

- Finance leader with more than 20 years of experience in accounting, treasury, financial planning and internal control matters in multinational corporations

- Offers expertise in financial analysis, financial planning, project cost management, cost reduction, credit management and business process outsourcing

- Worked with joint venture partners in Thailand, Taiwan and China

Skills:

- Successful IT Professional and thought leader with keen focus on defining and aligning IT strategy, capabilities and capacity with business vision

- Experience in establishing, driving and socializing strategic IT vision across Regional and Global markets.

Skills:

- FCCA, ACCA & CPA

- Seasoned Finance manager with 17 years of accounting experience

- Worked with top brands like Apple South East Asia, Singapore Telecommunications

Skills:

- 20 years of experience in operations, leadership and management in lean manufacturing specifically for chemical and petroleum industries

Project Manager (Shipping & Maritime)

 

Nationality: Singaporean                Availability: 6 weeks' notice

Based: Singapore

Languages: English and Mandarin

Skills:

- Highly accomplished project and operational leader with extensive success across the marine/shipbuilding industry

- Expertise extends through all business segments including sales, business strategy development, marketing, statistical analysis, and vendor

management

- Excels at interfacing with all project stakeholders to build effective roadmaps and quality control plans

- Adept at leading skilled project teams that continually achieve outstanding results and produce the highest quality deliverables

- Dedicated to collaborating with stakeholders across all organizational levels to drive unified approaches to successfully completing initiatives

- Demonstrated ability for improving processes, productivity, and quality as projects evolve

 

For more information about these candidates, please contact 

catherinec@gemini.sg.

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