A Randstad survey highlights how Singapore workers prioritize balance, pay, and development opportunities amid economic pressures.
SINGAPORE: Nearly half of Singaporean workers have left their jobs in search of better work-life balance and higher pay amid increasing living costs, according to the 2024 Employer Brand Research report by Randstad.
The survey of 2,602 individuals in Singapore revealed that 41% of respondents cited improved work-life balance as their reason for resignation, while 36% pointed to the need for higher pay to cope with escalating expenses.
David Blasco, Randstad Singapore’s country director, explained: “Our latest survey highlights a growing trend—employees are prioritizing workplaces that support growth, inclusion, and well-being. While rising costs are a concern, employees also value non-monetary benefits like job security and equity.”
AI’s Growing Impact
The report also noted the increasing influence of artificial intelligence (AI) in the workplace. Approximately 75% of respondents acknowledged feeling its effects, with younger generations leading the trend: 80% of Gen Zers and 78% of Millennials reported AI’s presence in their work, compared to 72% of Baby Boomers and 71% of Gen Xers.
Blasco emphasized the importance of AI literacy: “The rise of AI is exciting, but employees naturally have questions about its impact on their careers. Employers must invest in AI training and promote open communication to help workers adapt.”
While 30% of respondents said they frequently use AI at work, another 30% reported never using it, particularly among older generations. Only 14% of Gen Xers and 8% of Baby Boomers reported regular AI use.
Upskilling and Career Development
The survey revealed a growing demand for upskilling, with 82% of global respondents recognizing its importance, a 13-point increase from 2023. However, only 61% of workers reported receiving adequate development opportunities.
Younger employees, such as Gen Zers (64%) and Millennials (68%), felt they had sufficient opportunities, compared to just 44% of Gen Xers. A lack of development options was closely linked to turnover intentions—44% of those without opportunities considered leaving their jobs, compared to 33% who felt supported.
Gender and Inclusion Challenges
Surprisingly, more men than women reported career progression barriers, with 54% of male respondents citing obstacles compared to their female counterparts. Workers identifying as minorities were 20% more likely to perceive barriers tied to their identity.
The report also highlighted significant gender gaps in perceived fairness, respect, and career advancement, emphasizing the need for stronger inclusion and diversity initiatives in the workplace.
As employees navigate these challenges, the findings underscore the importance of addressing work-life balance, pay equity, and professional development to retain talent in Singapore’s competitive job market.
