Hudson's employment report
Some 40 per cent of Singapore workers have changed jobs in the last two years, and over 70 per cent are looking for a job at the moment.
That's according to a survey carried out by human resources consultancy Hudson, covering some 480 employers and 1,300 employees in Singapore.
Hudson Singapore's Director, Craig Brewer.
"It doesnt necessarily means that all of them will find new roles, but it certainly indicates that a large proportion of workforce is looking for something that their existing employer cannot offer them."
He adds that the desire for stronger managerial leadership at the workplace and higher wages are key reasons for the workers seeking new jobs this year.
Almost three-quarters (74.3%) of workers would reject a job offer if they felt the quality of their manager was below average.
"People are far more concerned now about things like work-life balance and also job stability. Whereas 6 or 7 years ago where the hiring outlook was more positive, people were considering opportunities for other reasons - career advancement, better pay, and the opportunity to move into a new industry. So it definitely indicates that people are starting to think a little differently."
Turning to employment outlook, Hudson says nearly 40 per cent of employers intend to increase headcount this quarter, a slight drop of four percentage points compared to the previous quarter.
At the same time, employers who expect to shrink their headcount rose by almost three percentage points to 7.3 per cent.
More than 50 per cent of employers intend to keep headcount steady.
Hudson said this is the second successive quarter of a downtrend in overall hiring outlook, with banking and financial services being the only industry to show an increase in positive hiring expectations.
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