India, Australia and Singapore company jobs are in these sectors: LinkedIn
Recession fears may loom in the Asia-Pacific region, but that hasn’t stopped companies in India, Australia and Singapore from continuing their hiring spree, according to LinkedIn.
As economies reopen after the pandemic, companies in the hospitality, retail and entertainment sectors have boosted hiring, said Pheon Ang, managing director for Asia Pacific at the career networking platform.
All three countries saw an increase in LinkedIn job ads for jobs in the accommodation sector, such as hotels, motels, casino hotels, and bed and breakfast inns.
According to data collected by LinkedIn, paid job advertisements for jobs in Australia, India and Singapore increased in June compared to last year, with the following sectors experiencing the largest growth:
1. Housing, up 62%
2. Retail jobs, 46% increase
3. Financial Services, up 25%
1. Housing, up 65%
2- Construction, 40% increase
3. Real estate and equipment rental services, up 25%
1. Housing, up 15%
2- Transportation and Logistics, 31% increase
3. Entertainment providers (companies participating in shows, events and exhibitions), up 100%
However, jobs in Singapore’s healthcare, education and construction sectors have fallen by more than 30%, according to LinkedIn.
Ang noted that the reduction in vacancies for the construction sector in Singapore was likely due to the measures taken by the government to cool the private and residential property market.
More selective job seekers
LinkedIn data showed that while there was an increase in employment rates in the three countries, competition among job seekers was lower in June compared to last year.
On average, there was a more than 50% drop in applications for paid jobs on LinkedIn in Australia, India and Singapore
“Even as the number of job vacancies rises, workers are becoming more selective in choosing their next role, so competition for jobs is less on average,” Ang said.
“This means that workers are in a position to demand more unemployed people, and they have higher expectations of what they want in the job – and that’s a healthy sign,” she added.
Remote work options
In both Australia and Singapore, paid vacancies that offered remote work options have declined.
Paid listings in Australia fell 8% in June compared to a year ago, although sentiment about flexible working arrangements remains strong.
Opportunities that offered remote work options received two times more requests on average, according to LinkedIn.
In Singapore, paid vacancies that allowed employees to work from home fell from 8% in the first quarter to 6.7% in the second.
But unlike employees in Australia, LinkedIn has noted that interest in flexible working arrangements appears to be waning in Singapore.
According to the data, employers in India felt differently.
Advertisements for paid jobs in the South Asian country offering remote work options remained relatively flat throughout the year and there was no particular greater interest in jobs with remote options.
“Posts with remote options received only 1.1 times more requests on average than their absolute share of all job openings in both quarters,” LinkedIn said.