Singapore’s job market is gaining momentum in 2025, fueled by economic growth and renewed business confidence. As companies shift from restructuring to strategic hiring, demand is rising for senior HR leaders and specialist roles. At the same time, high operating costs are reshaping local hiring strategies, with a stronger focus on transformation, digital innovation, and people-centric leadership.
Market recovery and economic growth
Singapore’s job market is showing strong improvement in 2025, supported by 5% Q4 GDP growth and a healthier regional macroeconomic outlook. Companies that previously restructured are now investing in high-value strategic roles.
Renewed confidence and talent movement
After a prolonged period of low attrition, market confidence is returning. This is resulting in pent-up demand from both businesses and professionals, particularly for leadership and specialist Centre of Excellence (COE) roles.
Strategic focus in local hiring
High operating costs in Singapore continue to drive the offshoring of operational HR and back-office functions. As a result, in-market hiring is increasingly focused on strategic, high-impact positions.
Evolving role of senior HR leaders
CHROs and Regional/Country HR Leaders are playing a more vital role than ever. With organizations navigating tighter budgets and large-scale transformations, people-centric leadership has become a strategic priority.
Acceleration of HR transformation
Organizations are fast-tracking HR transformation through digitalization, analytics, and AI-driven automation. There is also significant activity in M&A, organizational design, and broader HR strategy development.
If you have any further questions or would like to continue the conversation around Singapore’s HR market please reach out to Paul Watson at paw@elliottscotthr.com