Jobs
What’s happening with the jobs market in APAC?
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The Singaporean banking and payments industry experienced a 14% drop in new job postings in Q4 2022 compared with the previous quarter, with the highest share accounted for by Oversea-Chinese Banking with 947 job postings according to GlobalData’s analysis of banking and payments company job postings.
Notably, Management Occupations jobs accounted for a 40% share of the Singaporean’s banking and payments industry new job postings in Q4 2022, down by 4% over the prior quarter.
Management Occupations drive banking and payments hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 40% of the total new job postings in Q4 2022 and were down by 6% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 25% and drop by 21% year-on-year, and third highest were Business and Financial Operations Occupations, which were 16% of the new job postings and 21% lower year-on-year.
Top five companies in banking and payments accounted for 56% of hiring activity
The highest number of jobs were posted by Oversea-Chinese Banking with 947, followed by DBS Group with 637, while the highest increase was at Standard Chartered at 236%.
he Japanese banking and payments industry experienced a 29% drop in new job postings in Q4 2022 compared with the previous quarter, with the highest share accounted for by Sumitomo Mitsui Financial Group with 81 job postings according to GlobalData’s analysis of banking and payments company job postings.
Notably, Management Occupations jobs accounted for a 35% share of the Japanese’s banking and payments industry new job postings in Q4 2022, up by 46% over the prior quarter.
Management Occupations drive banking and payments hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 35% of the total new job postings in Q4 2022 and were up by 5% year-on-year. Second highest were Business and Financial Operations Occupations, which accounted for 23% and rise by 4% year-on-year, and third highest were Office and Administrative Support Occupations, which were 18% of the new job postings and 4% higher year-on-year.
Top five companies in banking and payments accounted for 42% of hiring activity
The highest number of jobs were posted by Sumitomo Mitsui Financial Group with 81, followed by JPMorgan Chase & Co with 74, while the highest increase was at ORIX at 106%.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.