As Singapore ushers in 2025, the employment landscape continues to evolve — shaped by digitalisation, economic caution, and sector-specific resilience. For both employers and jobseekers, understanding where the market is heading is critical. From projected salary growth to hiring hotspots, this article breaks down what to expect from the Singapore job market in 2025 — and how you can make informed, strategic moves.

 

Salary Trends 2025: Steady, Not Spectacular

Salary increments in Singapore are expected to range between 2% to 5% this year. This moderate growth mirrors broader economic conditions, with companies maintaining caution amid cost pressures while still needing to retain skilled workers.

• The median gross monthly income for full-time employed residents is now approximately S$5,800, up from S$5,500 last year.

• After adjusting for inflation, real income growth in 2024 was estimated at 3.1%, and this is expected to remain relatively stable through 2025.

Professionals in industries like tech, finance, healthcare, and logistics are likely to see the highest salary adjustments due to continued demand for their expertise.

 

Hiring Outlook: Bright Spots Amid a Slower Economy

While overall job growth is expected to be more measured in 2025, several sectors are showing strong hiring momentum:

• Information & Communications: Singapore’s Smart Nation push and demand for AI, data science, and cybersecurity roles will continue to generate thousands of new jobs.

• Healthcare & Social Services: With an aging population and increased focus on wellness, this sector is projected to add over 5,000 new jobs.

• Professional Services: Demand for legal, consulting, and corporate support services remains strong, with steady hiring forecasted across the board.

• Financial Services: Job creation in digital banking, fintech, and compliance is expected to rise, especially with MAS’s focus on innovation and sustainability.

 

Workforce Expectations Are Rising

Employees in Singapore are becoming more selective — and empowered.

• Nearly 1 in 2 workers say they expect at least a 15–20% salary increase to switch jobs.

• Work-life balance, remote flexibility, and upskilling opportunities are now ranked among the top factors influencing career decisions — often above base pay.

• A growing number of professionals are pursuing side hustles or career pivots, especially in the 25–39 age group, reflecting a desire for greater autonomy and meaning in work.

 

Singapore’s Economic Outlook in 2025

Singapore’s economy is expected to grow between 1.0% and 3.0% in 2025. While this is slower than pre-pandemic levels, it remains one of the more resilient projections in Asia.

• The resident unemployment rate has edged slightly up to 2.9%, but remains low by global standards.

• Total employment grew modestly in Q1 2025, with growth driven mostly by resident workers rather than foreign manpower.

Businesses are encouraged to focus on strategic hiring, digital transformation, and employee engagement to stay ahead in a competitive labour market.

 

What This Means for Employers

If you're an employer navigating talent acquisition in 2025, here’s what matters most:

• Benchmark salaries regularly to remain competitive — especially for digital and STEM roles.

• Focus on employer branding: jobseekers are researching company culture, flexibility, and CSR practices more than ever.

• Partner with recruitment experts who understand sector-specific trends and local workforce expectations.

 

What This Means for Jobseekers

If you're looking to grow your career in 2025:

• Upskill strategically — roles in AI, sustainability, and compliance are rising in importance.

• Use the June and December periods for proactive job searching, when many firms begin restructuring or planning headcounts.

• Don’t just chase higher salaries; look for long-term career alignment, team culture, and leadership opportunities.

 

Conclusion

Singapore’s salary and employment outlook for 2025 reflects a market that is steady, not stagnant. While salary growth is moderate, the opportunities in digital-first industries and people-focused work cultures are expanding. For employers, this is the time to rethink retention strategies. For jobseekers, it’s a prime moment to realign with future-ready roles.

At Reeracoen, we’re proud to guide both businesses and talent across Singapore and APAC — helping you stay competitive, connected, and prepared.

 

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The information provided in our blog articles is intended for general informational purposes only. It is not a substitute for professional advice and should not be relied upon as such. 

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References:

• https://www.straitstimes.com/business/salary-increments-for-singapore-employees-in-2025-expected-to-range-from-2-to-5-hr-firms
• https://www.mom.gov.sg/newsroom/press-releases/2025/0428-labour-market-advance-release-1q-2025
• https://www.channelnewsasia.com/business/singapore-economy-forecast-2025-gdp-growth-mti-486221
• https://www.todayonline.com/singapore/jobseekers-expectations-salary-hybrid-work-2025
• https://www.statista.com/statistics/624264/singapore-monthly-earnings-employees
• https://www.singstat.gov.sg/modules/infographics/labour-market-statistics
• https://www.mti.gov.sg/Newsroom/Parliamentary-Replies/2025/03/Economic-Growth-and-Workforce-Transformation
• https://www.gov.sg/article/how-singapore-jobs-are-evolving-in-2025
• https://www.ace.org.sg/insights/how-young-singaporeans-are-reshaping-the-future-of-work-in-2025