Gen Z workers in Singapore most likely to switch jobs
Gen Z workers in Singapore, aged 18 to 25, are more likely to switch jobs over the next 12 months compared to other age groups, at 36%, revealed a survey by PwC. Comparatively, 21% of workers surveyed indicated they will leave their current positions within the next year.
When employees were asked about the most important factors surrounding a job switch, 61% of workers said that being fairly rewarded financially was important to them, and 29% highlighted that they will ask for a pay raise. This compares to 71% and 35% respectively, among global employees.
There were fewer respondents who had a positive outlook on their current job, with 31% saying that they are fairly rewarded financially in their job, 12% who strongly agree that their jobs are fulfilling, and 11% who strongly agree that they can bring their true selves to work. This compares to 42%, 25% and 27% respectively, worldwide.
“What’s coming out clearly from this year’s survey is that while Singapore workers are seeking a fairer financial reward, they are also looking for employers and jobs that can provide them with greater transparency, job fulfilment and a flexible working environment,” said Chris Woo, Tax and People and Organisation, Rewards Leader, PwC Singapore.
Other concerns raised by workers included the lack of opportunities to upskill and employers taking care of their wellbeing, particularly in a hybrid work environment. 72% of respondents prefer to work in a hybrid environment, and 74% expect their employers to be supportive of hybrid work arrangements, and to offer a flexible work approach in the next 12 months.