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Employees enter 2016 with a positive outlook in Singapore

Singapore employees were confident about the job market in 2016, according to recruitment firm Randstad Singapore, with 67% believing they could secure a job at a different employer within six months, .

The Randstad Workmonitor Year-in-Review, which tracked employee sentiment throughout 2015, also found that Millennial and Generation Z workers were more confident than their older counterparts, 78% confident about their job prospects.

Only 9% of employees thought there was a high chance of losing their job during the year while 67% are optimistic about their employers’ financial performance in 2016. 

“With the establishment of the ASEAN Economic Community and the negotiation of regional alliances such as the Trans-Pacific Partnership and Regional Comprehensive Economic Partnership, Singapore employees are confident that the economy will pick up,” Jaya Dass, Country Manager of Randstad Singapore, said. “This will continue to drive demand for skilled workers in 2016.”

The year-in-review survey also revealed that 27% of Singapore employees have changed jobs during the year, with 39% citing the search for better employment conditions, such as work-life balance, as a key reason for changing jobs.

“Employees, with the chance to develop new skills, fuels confidence that they will be able to easily find a comparable job if they leave their current employer,” Dass said.

Other reasons for switching jobs include the personal desire for change (35%), organisational circumstances (34%) and their personal ambition to work at a management level (23%). 

“Ensuring that current and potential employees are comfortable with workplace conditions and career opportunities is key in attracting and keeping them engaged,” Dass said. “Our research found that the majority of employees (94%) typically focus on job content and the company culture when looking for a job. A company’s reputation is highly considered by 93% of employees and jobseekers.