Pop Quiz: What does an entry-level employee on a job hunt, a mid-career professional thinking of a career change, and an entrepreneur looking to kick-start his venture in Singapore all have in common?
Answer: They need to know the key growth industries in Singapore in order to make well-informed decisions about their career path and investment activities.
6 Growth Sectors in Singapore for 2016
Singapore remains to be a business hub in the region and its business-friendly environment continues to attract investors and a productive workforce of both local and foreign talents, so opportunities abound.
However, it is also a very competitive stage for global business so knowing which sectors are thriving becomes a very powerful tool to get the best opportunities for job security, career growth, and business profit.
The top 6 industries you should be exploring right now include:
- Information Technology
- Creative Industries
To get more detailed info about what makes these sectors a cut above the rest, check out this article on Singapore’s 6 key growth industries in 2016.
IT Talent in Short Supply
Stay put in the IT sector if you are already in it; if not, then this is the perfect time to invest on some part-time courses on IT, so you can better position yourself for some 30,000 jobs in this industry come 2017.
As Singapore pushes toward its Smart Nation drive, The Infocomm Development Authority (IDA) is also beefing up its efforts to help ease the labour shortage in this key growth area.
“We work with companies to open up more opportunities (for them) to accept a greater number of polytechnic graduates,” said IDA chief executive, Khoong Hock Yun. Click here to read the full post.
Want to be in the IT industry, but prefer working with people rather than data? You’re in luck because there are also many positions in IT that don’t require coding knowledge such as marketing and sales, tech support, copywriting, product design, product and community management, and business development. Here are 5 more reasons 1why you should consider a career in tech today.
Mid-career Professionals Looking to Join the Healthcare Sector
Not keen on computers and coding? The Healthcare industry is another thriving field to consider. The Singapore Workforce Development Agency (WDA) together with the Health Ministry are also opening up the Healthcare sector not just for new grads, but also for professionals who are thinking of shifting to this industry for reasons such as job security or professional fulfillment.
As this article on Channel NewsAsia reports, more opportunities and subsidies are being offered especially to people wishing to work as physiotherapists, occupational therapists or radiographers.
“Nursing and allied health offer meaningful and rewarding careers where our professionals can use their talents to make a difference in the lives of patients every day. With an ageing population, we need to train and recruit more nurses, therapists and radiographers. Through our Healthcare Professional Conversion Programme, mid-career entrants can gain the requisite training to join the healthcare sector,” said Dr. Amy Khor, Senior Minister of State for Health.
If you are in any of these other industries: finance, creative, retail, and education, you will also be enjoying a thriving employment and business landscape.
These industries made it among the highest paying sectors in 2016 based on this salary guide report from recruitment firm, Kelly Services Singapore. The accounting sector drew in salaries from S$10,000 to S$20,000 for Chief Financial Officers and S$5,000 to S$7,000 for account managers, while the banking and finance industry offers between S$7,500 to S$12,000 to financial technology developers and S$10,000 to S$17,000 to vice presidents looking after compliance and risk.
If you want to get into Singapore’s finance sector, you can jumpstart your career with a Professional Diploma in Accounting and Financial Service.
Meanwhile, digital marketers and people in the creative sectors such as lifestyle, game design, web design agencies, industrial design and sports are also going to find lots of avenues to explore as the Singaporean government continues to promote a high-tech creative economy.
In the field of education and training, Singapore has launched the SkillsFuture initiative to help Singaporeans remain relevant in the future job market and expand growth in vocational and professional training.
Through this national movement, the government will provide online tools, specialised and structured trainings, skills-based modular courses and financial subsidies to Singaporeans and Singapore permanent residents that will empower them to direct their own paths in lifelong learning and skills mastery.
From students, early career and mid-career employees, to employers and training providers, SkillsFuture’s various programmes are customised to make sure that opportunities are available for people who want to upgrade their skills in order to have better job options or have higher-level knowledge to make well-informed decisions in their career or business.All content is produced and published by IMPACT! Brand Communications.