Singapore is well known for its low taxation, the minimal cost of living, and warm, welcoming climate. Also known as the hub to Asia, Singapore is notoriously safe and welcoming. Living and working in the city is a dream shared by many.
Luckily, the job market in the Asian city is steadily growing. More industries are popping up, and there’s a huge increase in the number of ex-pats and locals founding startups. Finding a job in Singapore is highly doable for ex-pats - but how do you get started
Managing multiple international bank accounts is quite complicated. To make things worse, most traditional banks charge high fees for foreign and multi-currency accounts. While Singapore is host to many markets, some industries are stronger than others. Historically, Singapore has been a welcoming home to finance professionals, especially those in audit and securities.
While the financial job market is as strong as ever, new industries are rising quickly in the Southern Asian city. Jobs for IT workers, digital marketers, and compliance specialists are surging.
Demand in the fields of tech and eCommerce is also high with a huge push in hiring UI and UX designers, as well as hospitality, service, tourism, and computer science. Other prevalent roles in Singapore include talent management and HR leadership.
One of the best places to look for open positions in Singapore is online. With a multitude of web resources available to aid in your search, the following sites are some of the biggest and most used by Singapore job searchers.
Even with most openings online, there are plenty of advantages to working with a recruitment agency for your job search in Singapore. A recruiter will help you work on your CV, cover letter, and interview preparations.
They’ll also give you a better understanding of your industry and potential employer, including tips about the company’s history and culture.
While it’s important to do your research and choose the agency that’s the best fit for your industry and skills, the following have been well-reviewed as trusted agencies in the city.
Got the job and sorted all your documents? Congratulations! You're ready to move. If you need to make payments before arriving in Singapore you could take a look at a low-cost international transfer option with TransferWise. You’ll be able to send money using the mid-market rate and just for a small transparent fee (which will most likely be cheaper than your bank).
Getting a Borderless multi-currency account from TransferWise can be a financially-wise choice if you plan on doing international transfers regularly. With it, you’ll be able to send and manage dozens of different currencies, all from the same account and with no monthly fees.
Singapore has a competitive and friendly environment for foreigners who would like to work here. The nation has ranked first for having the best labor force (Business Environment Risk Intelligence 2007 Labour Force Ranking) and being the top Asian country for its quality of life (Worldwide Quality of Living Index 2007). Other reasons that attract foreigners to work in Singapore include open recruitment policies, low personal taxation, and a high standard of living, coupled with an English-speaking environment.
According to a survey conducted by PricewaterhouseCoopers, despite the current downturn, 99% of CEOs in the Asia-Pacific region still believe that attracting and retaining key talent is critical to sustaining long-term growth for any business. The Singapore Human Resources Institute has also reported that the demand for knowledge workers will remain throughout the region.
Fresh graduates would be relieved to know that entry-level positions are still available. According to Trade and Industry Minister Lim Hng Kiang, there will be more than 30,000 jobs created this year, of which 6,000 will come from new investments coming into Singapore this year.
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