SINGAPORE - One in two (56 per cent) employees in Singapore are planning to leave their jobs within the next two years citing unsatisfactory compensation, according to the Randstad Award 2013 survey.
The survey of 4,500 employees in Singapore found that the figure is highest among those aged 18 to 34.
Randstad Director for Singapore, Mr Michael Smith, says it reflects rising confidence among employees about the country's economic strength.
"Now that the outlook is more positive and many business are in a position to loosen their purse strings, employees are demanding their hard work is recognised - and if it isn't they'll vote with their feet," says Mr Smith.
The survey also revealed a lack of work-life balance and an unpleasant work atmosphere as key drivers for employees looking to leave their jobs.
However, a third will stay with a company if it offers long-term job security and a competitive salary and benefits.
"All companies need to look at their full employee value proposition and offer employees a complete package, including benefits and entitlements such as competitive compensation, career progression, work/life balance, and above all be a company that people are proud to work for," says Mr Smith.