Breakdown of Worker Profiles in the Finance Industry from 2012 to 2017

8 Miss Cheryl Chan Wei Ling asked the Minister for Manpower (a) from 2012 to 2017, what is the proportion of contract versus permanent workers in the finance industry; (b) what is the breakdown of locals and foreigners in this sector over the same period; and (c) what percentage of experienced workers in finance and below 40 years of age continue to remain within the industry.

Mr Lim Swee Say: Consistently between 2012 and 2016, over 90% of the local workforce in the financial and insurance services sector were permanent workers. In addition, locals accounted for more than 80% of the workforce in this sector. Among all local workers aged below 40 who were in the financial and insurance services sector in 2012, close to 70% were still working in the same sector in 2016.