LinkedIn has released its annual list of the best companies to work for in Singapore – with banking and information technology firms dominating the 2023 list.
There was also a huge shakeup in this year’s list of top companies, a testament to “Singapore’s strong business ecosystem”, according to the professional networking platform.
Compared with 2022, there are 10 new companies in the top 15 this year – including Mastercard, Procter & Gamble, Citigroup and tech giants Amazon and Apple.
Banking and finance in particular, has 4 companies in the top 5 in Singapore’s “Top LinkedIn Companies 2023” list.
“Singapore’s financial sector has always been an important pillar of the country’s economy, with the likes of DBS, Standard Chartered and Citi being big employers,” says Pooja Chhabria, LinkedIn career expert and editorial director for Asia Pacific.
“Singapore is also positioning itself as a fintech hub of the world… which means there will continue to be long-term growth and job opportunities for professionals in fields ranging from sustainable finance to data analytics.”
Amazon and Alphabet both made the list, despite making headlines this year for mass layoffs around the world. However, Alphabet, Google’s parent company, slipped six places from last year’s list.
Chhabria told CNBC Make It that attrition and layoffs were considered when compiling the list.
“To ensure we only select companies that offer stable workplaces where employees can grow over the long-term, companies that shed 10% or more of their workforce over the time period of our method … are not eligible for ranking,” she added.
LinkedIn said it used internal data collected between Jan. 1 and Dec. 31, 2022, to measure companies based on eight factors that lead to career growth:
- advanced ability
- skill growth
- The company is stable
- external opportunities
- company affinity
- gender diversity
- academic qualifications
- the employee’s presence in the country
To be eligible, companies must also have at least 500 employees in Singapore as at 31 December 2022.
LinkedIn said the ranking provides “actionable insights and resources” for working professionals at all levels, such as the skills and roles companies are hiring for.
Here is the complete list of top companies in Singapore in 2023
15. Roche – health care
14. sap — Information Technology and Services
13. letter — Information Technology and Services
12. apple — Information Technology and Services
11. AP Moller – Maersk — Shipping, transportation and logistics
10. Bank of America — Banking
9. Grab – IT and Services
8. Medtronic – Healthcare
7. amazon — Information Technology and Services
6. Singtel — Telecommunications technology
Most common job titles: Business development officer, business analyst, banker
Re-entering the market this year is Citi, which operates as a full-service bank in Singapore. It provides financial products and banking services to individuals, companies, governments, investors and institutions.
4. Procter & Gamble
Industry: Consumer Goods
Most notable skills: Cosmetology, chemical processing, retailing
Most common jobs: Brand manager, business development director, brand director
Procter & Gamble — another new addition to this year’s list — is the parent company of household names such as Braun, Gillette and Oral-B. It manufactures consumer products including fabric care, fabric care, home care and beauty.
Industry: Financial Services
Most notable skills: Growth strategy, merchant banking, partner development
Most common jobs: Director of Product Management, Product Manager
Most notable skills: Commercial banking, capital markets, software development life cycle (SDLC)
Most common job titles: Business analyst, business development officer, project manager
Standard Chartered, an international banking group, maintains its second position in 2023, with a local subsidiary in Singapore. It provides personal, private, and institutional banking, among other financial services.