SINGAPORE

The local job market in Singapore has hit an all-time competitive high, leading netizens to draw comparisons between job applications and the notoriously tough Build-To-Order (BTO) application process for public housing. A recent post on a popular online forum stirred up discussions after one user lamented that 725 applicants were vying for a single position as a Procurement Executive at Singapore Telecommunications Limited (SingTel).

The job, which offers a monthly salary between S$3,000 and S$4,500, has seen overwhelming interest, as highlighted by a screenshot taken from Jobstreet. This staggering number of applicants has left many jobseekers feeling disheartened about their chances in the current employment landscape.

Adding to the frustration, the original poster remarked that they hoped their job search wouldn’t drag on as long as it takes to secure an HDB BTO flat, a process that may extend from one to six years. While the comparison may be an exaggeration—given that BTO application rates have improved recently, with supply catching up to demand—the sentiment expresses a growing concern. In June of this year, the BTO application rate soared to 3.1, with 21,827 hopefuls competing for just 6,938 flats.

A user commented on the challenges of securing interviews, noting, "It's like winning a lottery. If companies are willing to give you a tryout, you’re considered lucky." Many are echoing this sentiment; one woman revealed she has been on the job hunt for six months, expressing her exhaustion with the process. Another humorously pointed out that the odds of winning Singapore's 4D lottery may be better than landing a job at the moment.

The conversation highlights the broader issue of job scarcity in a city-state known for its talent pool. As 2024 approaches, many believe it might not be the ideal time to seek new employment. Interestingly, one commenter noted that they've encountered job postings attracting as many as 1,000 applicants for one position, reflecting an even bleaker outlook for jobseekers.

Some users have suggested looking for opportunities abroad, given the intense competition within Singapore’s limited job market. Ultimately, this latest wave of applications points to the ongoing struggles facing Singaporeans as they seek financial stability amid an increasingly difficult employment landscape. Will the job market ever favor the candidates again? Only time will tell.