51% of professionals in Singapore are actively looking to change jobs in the next 12 months, according to a recent online COVID-19 Labour Pulse Survey conducted by Randstad Singapore. The Survey covered 638 Singapore-based working professionals on the employment market this year, as well as the challenges jobseekers are coming up against.
Amid pay freezes, at best, and often pay cuts, employees are increasingly finding their income insufficient to meet their household expenses, which remain high. 21% of employees reported taking temporary/indefinite pay cuts or pay freezes.
On a more optimistic note, workers still see an opportunity to make hay during these far from sunny days and are investigating career moves that they have previously put off. Over half of respondents intend to look for a new job, with 25% indicating that they are looking to change their career or switch the industry that they work in. 19% of today’s talent indicate that the pandemic has resulted in them being retrenched, leaving them no choice but to move on.
Jaya Dass, Managing Director, Malaysia and Singapore, Randstad said, “The COVID-19 pandemic has seen companies ramping up their digital infrastructure, with a great number of jobs being digitised or displaced as a result. Employees whose job responsibilities have been drastically altered to meet current and new demands may hence be motivated to enter new industries that are perceived to be more recession-proof or can provide a greater level of job security, such as healthcare and technology.”
Paul Arkwright
Publisher
