Chris J Reed’s Post

In Singapore, low salaries are no longer the primary reason employees are leaving their companies. Hays reported that this year, Singaporeans are quitting their jobs due to a lack of career progression and the desire to seek new challenges. In 2023, low salaries were the main reason Singaporeans left their jobs. Meanwhile, employees who are committed to their organisation cited fitting in well with managers or colleagues as the top reason for staying at their jobs at 40.1%, followed by work location or flexible work options (36.2%), work-life balance (35.4%), salary package (31.5%), and waiting for bonus, promotion, or internal transfer (16.9%).

🔍 Big change in why Singaporeans are leaving jobs! It's no longer about the salary—career progression and seeking new challenges are now the top reasons, according to a recent Hays report.📈 👥 Employees value relationships with colleagues and flexible work options, while those less committed stay mainly for the salary package. 🔗 Dive deeper into this workplace trend: Read more ⬇ #SingaporeJobs #CareerGrowth #WorkplaceTrends

How can I land a job when employers have the upper hand in the current job market? Many Malaysians opt to work in Singapore due to the favorable currency exchange rate, even if it means accepting lower compensation there. However, recent changes in the Singaporean government's policies, such as raising the salary requirement for Employment Pass (EP) applications and a slowing economy, have intensified competition among foreign candidates, exacerbating the situation. 🤨 Adding to this complexity is the advent of remote work, which has further fueled the competition. Now, individuals can choose to remain in Malaysia while benefiting from the 3️⃣.5️⃣x exchange rate while working from the comfort of their homes. It's an appealing aspect for many. Who wouldn’t want that? Many employers are now leaning towards hiring remote workers to reduce costs. For those still hiring office-based employees, they have the luxury of selecting from a pool of both local and foreign talents, further complicating matters for the job seekers. 😞 You have only a limited number of job opportunities on this small island. I once applied to at least 5️⃣0️⃣0️⃣ jobs per month to secure a marketing position. I anticipate that the current job market will only become more competitive and challenging. 😣 This shift may seem daunting for foreign job seekers, but I hope below strategies can help to mitigate the challenges: 1️⃣ Start by working remotely for a Singaporean company. While you may not earn SGD initially, this experience provides a valuable stepping stone and a competitive edge when you try to find a job in Singapore late. 2️⃣ Focus on gaining relevant work experience and honing your skills. Singaporean companies are more inclined to sponsor individuals with specialized skills rather than fresh graduates who are more likely perceived as easily replaceable. 3️⃣ Explore alternative routes such as working for a Singaporean company's overseas branch with potential transfer opportunities or seeking referrals from friends and relatives already employed in Singapore. The above are just my opinions from a non-HR person. Feel free to add your two cents or even point out the mistakes in a friendly way. :) #jobmarket #jobseeker #HR

2 in 5 Singaporeans quit jobs that lack time and location flexibility According to the findings reported by Singapore Business Review, 49% of Singaporean workers said they would leave jobs that demand more time in the office. Similarly, 42% said they wouldn’t even consider roles lacking in flexibility. What factors or reasons would make you quit your job?

Resilient Amid Change: Singapore’s Evolving Job Market Singapore's job market demonstrates resilience despite subdued economic growth, maintaining robust activity across key sectors. With job postings remaining significantly above pre-pandemic levels, the data underscores the strength of certain industries such as technology, finance, and engineering, which continue to dominate the landscape. These fields align with Singapore's positioning as a global hub for innovation and advanced research. Emerging trends such as flexibility and hybrid work models reflect shifting workforce priorities, enhancing job satisfaction and retention. Employers who adapt to these preferences are likely to maintain a competitive edge in attracting talent. The rise in remote work searches also highlights the lasting influence of pandemic-driven changes in workplace expectations. However, the disparity in job availability across sectors, with notable declines in areas like media, communications, and arts, points to a need for targeted interventions. Addressing skill mismatches, particularly in sectors experiencing talent shortages, is crucial for sustaining long-term growth. Singapore’s aging population and technological advancements further emphasize the importance of upskilling and adaptability. As Singapore navigates these challenges, a proactive focus on fostering talent and aligning workforce capabilities with industry needs will be key to ensuring continued stability and growth in its dynamic labor market. #KugatharshineSelvarathnam #Jobshine #ShiningWithJobshine #BlueCollar #Jobs #SGWorkforce #FindASkilledJob #BlueCollarPride #Singapore #NonPMET #FutureOfWork #GigEconomy #TraditionalEmployment #WorkforceManagement #Innovation #Meraqui #Flexibility #Stability #HybridWorkModel #StaffingSolutions #ManpowerSourcing #ManpowerHiring

Singapore's Job Market in July 2024: Opportunities and Optimism Amidst Challenges Singapore's job market in July 2024 is a vibrant blend of opportunities and evolving challenges. Here are the key highlights: 🔹Rising Job Postings & Low Unemployment: Singapore maintains one of the lowest unemployment rates in Asia, and there has been a surge in job postings, particularly in the tech, finance, and engineering sectors. 🔹Booming Industries: Transport, logistics, healthcare, and financial services lead in hiring intentions, reflecting strong demand and growth. Traditional sectors are urged to embrace digital skills to stay relevant amidst rapid technological advancements. 🔹Tech & Workforce Evolution: Over half of employers have adopted AI and advanced tech tools to boost productivity and engage the new generation of workers. 🔹Skill Mismatches: There are 1.6 job vacancies for every unemployed person, highlighting the urgent need for skill development to bridge the gap. 🔹Steady Hiring Confidence: Despite global uncertainties, Singaporean employers remain cautiously optimistic, with many maintaining or slightly increasing their headcount. 🔹Competitive Salaries: Employers enhance compensation packages to attract and retain top talent in a competitive market. Singapore’s job market is dynamic and full of potential. Stay ahead by upskilling and keeping an eye on the latest industry trends! #SingaporeJobs #JobMarket2024 #CareerGrowth #HiringTrends #TechAdoption #SkillDevelopment #WinningCV #CareerBreakthrough

Job hopping in Singapore has reached its lowest point in six years, reflecting a broader trend of economic uncertainty and reduced job opportunities. According to recent data, only 14.7% of workers changed jobs in the past two years, a notable decline from previous years. This trend is consistent across all age groups and industries, including both white-collar and blue-collar positions. The younger workforce, particularly those aged 25 to 29, remains the most active in seeking new opportunities, with 13.9% changing employers in the past year. However, older workers, especially those in their 50s and 60s, show much lower rates of job switching. This shift suggests a growing preference for job stability amid a tight labor market and economic uncertainties. Interestingly, the data reveals that many employees are now staying longer with their current employers. The percentage of workers with a tenure of less than one year decreased from 17.9% in 2022 to 16.4% in 2023. Additionally, about half of the workforce has been with their current employer for at least five years, with older employees often having tenures exceeding a decade. Factors contributing to this trend include increased emphasis on training, reskilling, and policies supporting older workers. However, training participation has declined, with only 43.5% of workers engaging in training in 2023, down from 49.1% in 2022. Despite the dip in job changes, the competitive nature of Singapore's job market persists. Looking ahead, both employers and employees are likely to remain vigilant for new opportunities, balancing the need for stability with the pursuit of career growth. Read more here: https://zurl.co/M5o8 #KugatharshineSelvarathnam #Jobshine #ShiningWithJobshine #BlueCollar #Jobs #SGWorkforce #FindASkilledJob #BlueCollarPride #Singapore #NonPMET

Redefining Success: Embracing Skills Over Status in Singapore’s Job Market In today’s fast-evolving job market, the traditional notion of a “good job” is becoming outdated. Success can no longer be solely defined by prestigious titles or high-paying roles linked to paper qualifications. Instead, a broader definition that values skills, adaptability, and meaningful contributions is gaining traction—a perspective increasingly vital in Singapore’s dynamic economy. Shifting the focus from academic credentials to practical competencies presents an opportunity to unlock untapped potential within the workforce. It encourages workers to embrace lifelong learning and equips them to thrive in industries shaped by technological advancements. Employers, on the other hand, play a crucial role in fostering this shift. By prioritizing skills in hiring, offering fair wages, and investing in upskilling, they can create an environment where talent is recognized regardless of educational background. Yet, change does not come without challenges. Societal attitudes still favor certain jobs for their perceived status, and wage disparities persist, discouraging individuals from pursuing careers aligned with their strengths and interests. Addressing these gaps is critical to ensuring this transformation is both equitable and sustainable. Redefining what makes a job “good” is more than a labor market adjustment—it’s a cultural evolution. By embracing a skills-first mindset, Singapore can build a workforce prepared for the future while fostering greater social cohesion. #Jobshine #ShiningWithJobshine #BlueCollar #Jobs #SGWorkforce #FindASkilledJob #BlueCollarPride #Singapore #NonPMET #FutureOfWork #GigEconomy #TraditionalEmployment #WorkforceManagement #Innovation #Meraqui #Flexibility #Stability #HybridWorkModel #StaffingSolutions #ManpowerSourcing #ManpowerHiring

Employees in Singapore emerged as the unhappiest workforce in Southeast Asia, driven mostly by inadequate salary and lack of recognition, a new report by JobStreet and Jobsdb by SEEK has revealed. https://hubs.la/Q02Jw68k0 #HRInsights #EmployeeEngagement #WorkplaceHappiness #EmployeeSatisfaction

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