Singaporeans make up only 33% of tech roles in financial sector

[The_King]

Turning back to the dearth of local tech talent, Mr Menon noted that while the technology workforce in the financial sector has expanded by 30 per cent since 2014, currently standing at about 25,000, Singaporeans make up just over one-third of this number.

The proportion of Singaporeans taking on technology jobs is uneven across different roles, he said.

While Singaporeans account for a majority of "niche" tech roles where hiring numbers are relatively small, they tend not to fill roles with the strongest demand, such as in software engineering.

For instance, Singaporeans account for 70 per cent of the net job growth for cybersecurity engineers and UX/UI (user experience and user interface) designers, and about half of the net job growth for data scientists and data analysts.

But when it comes to software engineering, which saw more than 10 times net job growth than for UX/UI designers in 2019, less than 20 per cent of the jobs went to Singaporeans.

Mr Menon said: "These jobs require strong programming skills and in-depth business domain and system knowledge. There are not enough Singaporeans applying for these jobs in the first place, let alone qualifying for them."

Software engineers make up about 30 per cent of the 1,700 newly-created tech roles for the sector in 2021. Business analysts and jobs in digital transformation account for another 25 per cent.

While the financial sector's demand for tech talent will persist, competition will also strengthen as most sectors across the economy embark on digitalisation, Mr Menon pointed out.

The Infocomm Media Development Authority (IMDA) estimates that 19,000 tech jobs across the economy remain unfilled each year.

The pipeline of technology graduates is not enough to meet this demand, Mr Menon said.

He noted that undergraduate enrolment for information and communications technology specialisations across the six autonomous universities stood at just 2,800 last year, while graduates from polytechnics and the Institutes of Technical Education accounted for another 4,500 each year.

And while technology jobs can also be well filled by engineering and science graduates, most of them move on to non-tech jobs, he said.

 

https://www.businesstimes.com.sg/banking-finance/singapores-financial-sector-to-add-6500-roles-in-2021

[XianGe]

Cos abnn bring in own country men

Edited May 4, 2021 by XianGe

[Bigbird]

9 minutes ago, XianGe said:

Cos abnn bring in own country men

 

Yah... Ceca HR can say no applicant from Sinkies so no choice.....

 

I found out about such tactics when friend was hiring call center employees donkey yrs ago.  The pinoy says only pinoys interested, no others.

Edited May 4, 2021 by Bigbird

[socrates469bc]

4 hours ago, The_King said:

Turning back to the dearth of local tech talent, Mr Menon noted that while the technology workforce in the financial sector has expanded by 30 per cent since 2014, currently standing at about 25,000, Singaporeans make up just over one-third of this number.

The proportion of Singaporeans taking on technology jobs is uneven across different roles, he said.

While Singaporeans account for a majority of "niche" tech roles where hiring numbers are relatively small, they tend not to fill roles with the strongest demand, such as in software engineering.

For instance, Singaporeans account for 70 per cent of the net job growth for cybersecurity engineers and UX/UI (user experience and user interface) designers, and about half of the net job growth for data scientists and data analysts.

But when it comes to software engineering, which saw more than 10 times net job growth than for UX/UI designers in 2019, less than 20 per cent of the jobs went to Singaporeans.

Mr Menon said: "These jobs require strong programming skills and in-depth business domain and system knowledge. There are not enough Singaporeans applying for these jobs in the first place, let alone qualifying for them."

Software engineers make up about 30 per cent of the 1,700 newly-created tech roles for the sector in 2021. Business analysts and jobs in digital transformation account for another 25 per cent.

While the financial sector's demand for tech talent will persist, competition will also strengthen as most sectors across the economy embark on digitalisation, Mr Menon pointed out.

The Infocomm Media Development Authority (IMDA) estimates that 19,000 tech jobs across the economy remain unfilled each year.

The pipeline of technology graduates is not enough to meet this demand, Mr Menon said.

He noted that undergraduate enrolment for information and communications technology specialisations across the six autonomous universities stood at just 2,800 last year, while graduates from polytechnics and the Institutes of Technical Education accounted for another 4,500 each year.

And while technology jobs can also be well filled by engineering and science graduates, most of them move on to non-tech jobs, he said.

 

https://www.businesstimes.com.sg/banking-finance/singapores-financial-sector-to-add-6500-roles-in-2021

 

12 minutes ago, XianGe said:

Cos abnn bring in own country men

 

3 minutes ago, Bigbird said:

 

Yah... Ceca HR can say no applicant from Sinkies so no choice.....

 

I found out about such tactics when friend was hiring call center employees donkey yrs ago.  The pinoy says only pinoys interested, no others.

 

peasants diam diam!!!!

 

govt says singaporeans want to be sakti code writers and kois like supreme leader loong loong, ok????

 

 

[XianGe]

5 minutes ago, Bigbird said:

 

Yah... Ceca HR can say no applicant from Sinkies so no choice.....

 

I found out about such tactics when friend was hiring call center employees donkey yrs ago.  The pinoy says only pinoys interested, no others.

 

They shamelessly do it... while sinkie hr continues to pwn sinkies

[The_King]

Just now, XianGe said:

 

They shamelessly do it... while sinkie hr continues to pwn sinkies

 

1 minute ago, socrates469bc said:

 

 

 

peasants diam diam!!!!

 

govt says singaporeans want to be sakti code writers and kois like supreme leader loong loong, ok????

 

 

 

 

heng i am single. else i bring my kids to suffer here

[Bigbird]

15 minutes ago, XianGe said:

 

They shamelessly do it... while sinkie hr continues to pwn sinkies

 

Ah yo.... Sinkie HR doing it is small time compared to your ivory tower masters who does it very day!!!!

 

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Edited May 4, 2021 by Bigbird

[XianGe]

15 minutes ago, The_King said:

 

 

 

heng i am single. else i bring my kids to suffer here

Tats huai less chewren now...