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SINGAPORE, June 8, 2022 /PRNewswire/ — Sparked by the international pandemic, the Great Resignation has been occurring in Singapore for the previous two years and can solely intensify in 2022. There has been a wave of resignations in Singapore with nearly half (47%) of workers who’ve been at their present jobs for no more than two years and a big 73% of workers searching for new profession prospects over the next six months.
Nilay Khandelwal, Managing Director of Michael Page Singapore
Professional recruitment companies agency, Michael Page Singapore, launched the ‘Talent Trends 2022 Report’, titled ‘The Great X’ that options insights and market sentiment drawn from a survey of 1,400 employers and workers in Singapore.
While salaries, bonuses, and rewards are nonetheless high motivators for candidates, the survey reveals a giant swing in the direction of non-monetary advantages. A major 65% of respondents in Singapore are keen to forgo pay rise and/or promotion for higher work-life stability, total well-being, and happiness.
Nilay Khandelwal, Managing Director of Michael Page Singapore, says, “With its stable geopolitical environment and continued ease of doing business, Singapore continues to be an attractive global investment hub. The country’s importance as a gateway to Asia continues to flourish as companies look at Singapore as a starting point to enter Asia or a base to expand their operations. With the high vaccination rate and the recent announcement of border restrictions easing, we anticipate an optimistic outlook, even as the pandemic evolves.”
As economies enhance, corporations can not underestimate the psychological impact that merging “work” and “personal” life has had over the previous two years. 62% of respondents need a hybrid work association between working from house and the workplace.
In addition, 59% of Singaporeans have requested or will contemplate asking about an organization’s DE&I coverage at interviews and 32% say the lack of clear DE&I dedication would cease them from actively pursuing a job alternative.
The pandemic has additionally shifted priorities, with 69% of candidates stating that they imagine psychological well being and well-being ought to play an element in worker efficiency, measurement and value determinations. Companies should create optimistic office cultures in which workers in any respect ranges really feel appreciated, or danger dropping excessive performing expertise to their opponents.
A major quantity of workers has been discovered to not really feel supported by their employers. 52% of respondents say that their workload has elevated in contrast to earlier than COVID-19. 82% imagine that their firm doesn’t take energetic steps to guarantee work-life stability. Companies want to change issues and assist workers work extra effectively.
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73% of Singapore’s professionals to seek new jobs in the next six months: Michael Page Singapore & More Latest News Update
73% of Singapore’s professionals to seek new jobs in the next six months: Michael Page Singapore & More Live News
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73% of Singapore’s professionals to seek new jobs in the next six months: Michael Page Singapore & More News Today
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