Main Employers in Singapore | Classes At Startup

In 2024, a number of main employers in Singapore are main the market, significantly within the banking and monetary companies sector, reflecting robust development and demand for expert professionals.

Main Employers

1. DBS Financial institution

Business: Banking

Worker Measurement: 30,000+

Progress: Continues to be a high employer resulting from its give attention to worker expertise and profession development alternatives.

2. Schneider Electrical

Business: Manufacturing and Automation

Worker Measurement: 100,000+

Progress: New entrant to the highest firms checklist, emphasizing vitality administration and digital automation options.

3. Customary Chartered Financial institution

Business: Banking

Worker Measurement: 80,000+

Progress: Maintains a robust presence within the worldwide banking scene, specializing in treasury companies and retail banking.

4. American Specific

 Business: Monetary Providers

Worker Measurement: 70,000+

Progress: Newly ranked amongst high employers, specializing in bank card companies and shopper merchandise.

5. OCBC Financial institution

 Business: Banking

Worker Measurement: 15,000+

Progress: Regained a spot within the high 5 after specializing in worker welfare and hybrid work fashions.

Market Traits and Alternatives

The monetary sector stays dominant, with over half of the highest employers being banks, reflecting Singapore’s standing as a monetary hub.

There’s a rising emphasis on worker expertise and retention methods, with firms investing in profession improvement and office tradition to draw expertise.

The healthcare and pharmaceutical sectors are additionally gaining traction, indicating diversification in employment alternatives past conventional industries.

Statistics

Corporations will need to have no less than 500 workers to qualify for LinkedIn’s high employers checklist, highlighting the aggressive panorama for attracting expertise in Singapore. (Supply: cnbc.com)

The Straits Instances ranked 250 firms based mostly on worker satisfaction surveys, indicating a sturdy analysis of office environments throughout numerous sectors. (Supply: straitstimes.com)

In abstract, the foremost employers in Singapore for 2024 mirror a robust give attention to banking and monetary companies, with important development alternatives pushed by worker engagement and market calls for.

Desk with comparability of High Employers in SIngapore -2024

Notable Insights

Wilmar Worldwide just isn’t solely the biggest employer but in addition a major participant within the meals manufacturing sector with a workforce of roughly **100,000** workers.

Flex Ltd., primarily in electronics manufacturing, has a considerable workforce of **148,115**, making it one of many largest employers in Singapore.

The banking sector is well-represented with firms like DBS Financial institution and UOB, using over 40,000 and 32,000 folks respectively.

Singtel, because the main telecommunications supplier, employs round **24,070** people.

These firms not solely contribute to the employment panorama but in addition play essential roles in Singapore’s financial system by their numerous sectors and world operations. (Supply: LEADING EMPLOYERS)