Year 2021 Tooltips
Employees
Managerial
0
Supervisory/ Officer
0
Clerical
0
Other Supporting Staff
0
Total
0
Managerial
0
Vacancy rate: 1.2%
Supervisory/ Officer
0
Vacancy rate: 2.0%
Clerical
0
Vacancy rate: 1.3%
Other Supporting Staff
0
Vacancy rate: 1.8%
Total
0
Vacancy rate: 1.6%
All the percentages are rounded to nearest 0.1%.
Managerial
0
Turnover rate: 6.5%
Supervisory/ Officer
0
Turnover rate: 9.3%
Clerical
0
Turnover rate: 10.2%
All the percentages are rounded to nearest 0.1%.
Monthly Income Tooltips
Note(s):
The figures did not include other supporting staff.
All the percentages are rounded to nearest 0.1%.
Monthly Income Tooltips
Note(s):
The figures did not include other supporting staff.
All the percentages are rounded to nearest 0.1%.
Monthly Income Tooltips
Note(s):
(1) The figures did not include other supporting staff.
(2) Other financial sectors referred to Investment & holding companies, Finance leasing, personal loan, mortgage, instalment credit and other credit granting, Commodity futures & precious metals brokers / dealers, Stock, bullion & commodity exchange and Public administration, Money changers & foreign exchange brokers/dealers, Financial institutions & financial services, n.e.c.
All the percentages are rounded to nearest 0.1%.
Preferred Education Tooltips
All the percentages are rounded to nearest 0.1%.
All the percentages are rounded to nearest 0.1%.
Preferred Education Tooltips
All the percentages are rounded to nearest 0.1%.
All the percentages are rounded to nearest 0.1%.
Preferred Education Tooltips
Note(s):
Other financial sectors referred to Investment & holding companies, Finance leasing, personal loan, mortgage, instalment credit and other credit granting, Commodity futures & precious metals brokers / dealers, Stock, bullion & commodity exchange and Public administration, Money changers & foreign exchange brokers/dealers, Financial institutions & financial services, n.e.c.
All the percentages are rounded to nearest 0.1%.
Note(s):
Other financial sectors referred to Investment & holding companies, Finance leasing, personal loan, mortgage, instalment credit and other credit granting, Commodity futures & precious metals brokers / dealers, Stock, bullion & commodity exchange and Public administration, Money changers & foreign exchange brokers/dealers, Financial institutions & financial services, n.e.c.
All the percentages are rounded to nearest 0.1%.
Recruitment Difficulties
1st
Lack of candidates with relevant experience and training
2nd
Working conditions/ remuneration package could not meet recruits' expectation
3rd
Insufficient graduates in relevant disciplines (e.g. Business Administration, Banking and Finance, etc.) from tertiary institutions
Manpower Demand
Average Annual Growth
0
2021
Actual
0
2025
Forecast
0
Note(s):
(1) The figures included employees and vacancies.
(2) The figures did not include other supporting staff.
(3) The manpower forecast is based on the statistical modelling of relevant economic indicators which reflect important changes in the local economy, demography and labour market.
All the percentages are rounded to nearest 0.1%.
Report
- Banking and Finance
- 2021 Manpower Survey Report
FinTech and the Way Ahead
Financial institutions should adopt FinTech and relevant technologies to better target different customer segments which results in enhanced customer experience. During the process of digital transformation, a new set of competencies is highly demanded. Practitioners need to reskill or upskill themselves in order to keep abreast of the latest development. In order to master the application of emerging technologies, the workforce needs to be tech-savvy. While FinTech is developing at a very fast pace, issues like data privacy and cybersecurity cannot be neglected.
- Banking and Finance
- 2020 Manpower Update Report
The Call for Digital Talents
The advancement in technology is reshaping the manpower landscape of the banking and finance industry. Financial institutions, whether they are big or small, are trying their very best to update their legacy systems and rely very much on technology to improve operational efficiency and enhance customer experience. Institutions also need talents who are agile and adaptive enough to navigate the changes and face the challenges that lie ahead. Employees should comprehend how new technologies are able to be applied effectively to achieve organisational goals.
