What’s driving job growth in Singapore in 2025

There is a strong demand for skilled professionals in finance, technology, and professional services.

The job market in Singapore is expected to grow in 2025, with the services sector leading the way, supported by AI adoption and a strong focus on revenue and cost management.

In Randstad Singapore's 2025 Job Market Outlook and Salary Guide report, there is a strong demand for skilled professionals in finance, technology, and professional services as companies adapt to digital transformation and a growing skills gap.

David Blasco, country director at Randstad Singapore, noted that companies are increasingly seeking professionals with expertise in AI, data analytics, and digital infrastructure.

He emphasised that corporate roles are evolving, with businesses now expecting both technical and business skills in areas like banking, finance, and human resources.

The survey also found that 49% of employers plan to increase their workforce in 2025, whilst 40% will maintain their current size, signalling confidence in business growth.

Meanwhile, the biggest hiring focus is on sales and business development (45%), followed by tech talent (23%) and roles in digital transformation and AI (13%).

Despite growth plans, the report noted employers face challenges, with 66% reporting a skills shortage and 38% facing intense competition for talent. To address this, 38% of companies plan to increase budgets for technical roles, whilst 30% will focus on internal promotions.

In terms of salary expectations, 43% of companies are forecasting natural salary increases ranging from 3% to 5% in 2025, reflecting the competitive job market and the growing demand for skilled professionals.