The goal of making this dashboard is to study Singapore Labour Statistics and provide insights from the findings to Ministry of Manpower.
Following are the Questions which we are trying to explore through our dashboard :-
- Most attractive Industry segment of Singapore. Manpower demands in different industry sectors since 2000.
Singapore is a small country with total area of 719 Km2. Its Labour industry is divided into four major sectors Services, Construction, Manufacturing and Others. Due to its small size, there is no major scope of production which leads to a low trend in the job vacancies across Construction, Manufacturing and Other industries. The employee distribution in Singapore as per 2015 statistics is Service industry [72.9%] followed by Construction [13.7%], Manufacturing [12.7%] and Others [0.7%] which makes Service Industry as the most attractive employing industry. Singapore is the financial capital of Asia and one of the favourite tourist destination due to which Service industry has always been a prominent job market. But, it is not immune to economic unrests felt in other parts of the world. The journey of Singapore service industry has been nothing less than a roller coaster ride. The smart art given below explains the ups and downs of the Singapore Service industry since 2000: –
- SG world ranking in terms of Unemployment rate. Detailed Study of Trends in Service Industry.
As per 2015 statistics, Singapore has global Unemployment rate of 2.1% and Employment Rank of 14thout of 208 countries. There are lot of jobs in Finance, Hotel and F&B market segments which keep it growing and emerging as the major job provider. The major vacancies were created in Community, Social and Personal services while real Estate, FSI and Infocom had the least number of vacancies.
- To find out the most & least preferred industry to work with based on Progressive Workplace indicators.
Progressive workplace indicators [Salary, working hours and Injuries] tells us the working conditions of a market segment. The job vacancy rate in Finance Services and Insurance Sector is relatively low since the jobs gets filled quickly because of handsome salary, lower workplace injuries and lesser working hours than the majority, making this segment the most desirable for job seekers. In Transport Services, the workplace injuries are the highest across all segments and the factors like lower average monthly salary and long working hours make Transport services the least preferred segment amongst the job seekers.
Owing to implementation of constructive policies by Ministry of Manpower for promoting the employment in Transport services, it has the lowest job vacancy rate despite harsh working conditions. The policies include government funded skill training, wage support to reduce the burden on employers and encouraging students to undertake Transportation as career path. Hotel and F&B, Admin and Support have the lowest average monthly salary, relatively longer working hours and unsafe working environment which leads to lot of high job vacancy rate.
- To suggest preventive measures to MOM for those industries which come under least preferred places to work.
Ministry of Manpower could bring certain reforms and regulations in these segments to attract more employees. Rules such as setting Higher Overtime Wage per hour can help indirectly increase average monthly salary. With higher pay eventually overtime reduces and the average working hours will be shorter. Concluding, the major reforms in Work safety and Pay can help increasing the job vacancies in different Service segments which will further help in boosting country’s GDP.
The dashboard has been published on Tableau Public and the link to the dashboard is as follows: –
Submitted by: –
Praveen Tiwari (A0163322R)
Prashant Jain (A0163380J)
Praman Shukla (A0163239A)
Vicky Li Meiyao (A0163379U)
Pooja Gupta (A0163281J)