7 in 10 Singaporeans to Switch Jobs despite sluggish Hiring Outlook
Amongst the 550 Singaporean workers who participated in this survey, only 27 percent forecasted an upbeat hiring pace in 2013. Over 70 percent expressed concerns for a conservative job climate with lesser demand for jobs.
100 employers were surveyed and they echoed the same sentiments for the job market next year. However, while only nine percent of the employers felt that the national economy will continue to pick up, majority indicated that they will still continue to hire amidst caution. Only 22 percent of the employers surveyed said they will require more than 10 new hires within the next six months.
The survey also revealed an interesting contradiction. Despite predicting a slowdown in the job market, 75 percent of Singaporean workers are still considering changing jobs in 2013. Salary and job advancement were identified as the top pull factors for a job change. Majority of the respondents also singled out the first quarter as the best time to start a job hunt.
Overall, the market sentiment has improved from last year with only 50 percent of Singaporean workers expecting to take longer than three months to secure a job in 2013 compared to 70 percent in 2012. Companies are also taking a more optimistic approach to hiring with only seven percent of employers not intending to hire this year instead of 20 percent in 2012.
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JobStreet operates the JobStreet.com (www.jobstreet.com) online recruitment websites presently covering the employment markets in Singapore, Malaysia, Philippines, Indonesia, India, Japan, Vietnam and Thailand. The Group currently services over 80,000 corporate customers and over 10 million jobseekers. JobStreet is listed on Main Board of Bursa Malaysia Securities (JOBST).
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