Asia-Pacific witnessed a 6.8% drop in IT hiring activity in the banking and payments industry in October 2021 when compared with the previous month, according to GlobalData’s Job Analytics dashboard.
October 2021 has seen a decrease of 3.3% in the overall hiring activity when compared with September 2021.
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IT jobs accounted for a 19.91% share in the industry’s total hiring activity in October 2021, registering a decrease of 2.58% over the last three-month average share.
Software and Web Developers, Programmers, and Testers Occupations leads by classification in October 2021
Software and Web Developers, Programmers, and Testers Occupations emerged as the leading IT occupation in Asia-Pacific with a share of 70.49% in October 2021, a 15.26% drop over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 12.63% in October 2021, marking a 10.91% month-on-month decline. In the third place was Database and Network Administrators and Architects with a share of 7.68% in October 2021, a 4.24% rise from September 2021.
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By GlobalDataComputer and Information Analysts registered a share of 5.1% in October 2021, a 20.47% rise over the previous month.
Top five banking and payments companies in Asia-Pacific’s IT recruitment activity in October 2021
The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average growth of 0.67% in the overall IT recruitment activity of Asia-Pacific’s banking and payments industry during October 2021 over previous month.
Citigroup posted 904 IT jobs in October 2021 and registered a decline of 5.74% over the previous month, followed by Wells Fargo with 702 jobs and a 26.18% drop. Barclays with 550 IT jobs and PayPal Holdings with 404 jobs, recorded a 16.03% rise and a 300% rise, respectively, while Fidelity National Information Services recorded a 16.14% decline with 291 job postings during October 2021.
Country-wise composition of IT hiring in Asia-Pacific’s banking and payments industry
India commanded a leading presence in the region’s banking and payments industry IT hiring activity with a 67.18% share in October 2021, a 10.27% decrease over September 2021. Australia featured next with a 9.67% share, down 26.62% over the previous month. Singapore recorded an 8.22% share, a growth of 1.94% compared with September 2021.
Junior Level job postings dominate in October 2021
Junior Level jobs held a share of 53.3%, down by 11.79% from September 2021. Mid Level positions with a 38.07% share, registered a decline of 11.86% compared with the previous month.
In the third place was Entry Level job ads with 5.82% share, down 0.73% over September 2021, while Senior postings accounted for 2.81%, recording a month-on-month decline of 22.05%.
