Singapore’s Most InDemand Employers: The Rankings Revealed
May 8, 2013
We recently announced the New York City's Top 20 InDemand employers, and now it’s Singapore’s turn to take the limelight!
At Connect in Singapore (#ConnectinSing) this week we unveiled the list of the most InDemand employers in Singapore. IBM, Microsoft, and Accenture topped the list, which also included four homegrown companies: SingTel at #12, with DBS Bank, NCS Group, and OCBC Bank not far behind.
Singapore’s 20 Most InDemand Employers
- Standard Chartered Bank
- Barclays Investment Bank
- Deutsche Bank
- DBS Bank
- Credit Suisse
- NCS Group
- OCBC Bank
- Procter & Gamble
Singapore boasts a population of over 5 million, more than a third of whom are expats. A few interesting insights emerged about what makes a desirable and sought after employer in this market:
- Singaporean professionals think tech is hot: Companies in the Internet and IT industry dominated the rankings and took the top spots.
- Financial services came in a close second: Eight banks made up nearly half of the 20 companies in the list – perhaps unsurprising given Singapore’s status as a financial services hub in the region. Within this group, Standard Chartered Bank led the way, followed by Citi, Barclays Investment Bank, Deutsche Bank and DBS Bank.
- Professionals in Singapore have their own idea of who’s an attractive employer: Only five companies – Microsoft, Accenture, Google, Apple, and Procter & Gamble - on Singapore’s list overlapped with the global top 20 list released in late 2012.
- Bigger is better: None of the companies on Singapore’s Top 20 list have less than 8,000 employees.
It’s no surprise that IT, Internet and financial services companies dominated the Top 20 list as these are key industries in Singapore. As the competition for top-tier talent continues to intensify, the need for a compelling employer brand will become more pronounced as companies seek to understand what levers they can wield in order to attract the right talent to fuel their businesses. Currently, about 70 percent of companies on LinkedIn globally rank talent brand as a top priority. If anything, this percentage is set to grow.
According to our research, a strong talent brand can halve a company's cost per hire, and companies with stronger employer brands have a 28 percent lower turnover rate than those with weak employer brands.
The InDemand analysis is similar to that used for Talent Brand Index, a tool to measure and benchmark the strength of your employer brand and offers new insights into how you can improve your ability to attract top talent. Contact us today to learn more about your customized Talent Brand Index.
Stay tuned for more InDemand releases throughout 2013!
How did we rank the winners? The list of Top 20 Most InDemand Employers for Singapore was derived from analyzing interactions between members and companies on LinkedIn. This was then cross-referenced with thousands of survey responses to pinpoint the specific activities that best indicate familiarity and interest in working for a company: connecting with employees, viewing employee profiles, visiting Company and Career Pages, and following companies.