SINGAPORE - Perks like annual increments and bonuses are no longer a sure thing.
Instead, it's individual merit and company or economic performance that determine financial health.
Placement expert Annie Yap said: "It's less about seniority and more about productivity, especially in the private sector."
Competition from foreigners is also a reality. Those seeking work in a cosmopolitan city see Singapore as a top choice, despite tightened rules on their numbers, she added.
Cyberspace is changing the face of the job market, said placement experts.
"A lot of openings are now available on the Internet," said Ms Yap, founder of HR consultancy AYP Asia.
"Employees need to be computer-literate, otherwise, it's difficult for them to find jobs."
Added Mr Mark Tan, executive director of public relations and marketing firm Cactus Communications: "Social media has made recruiting easier but it's harder to identify the right candidates.
"It has also become more difficult for capable people to find suitable jobs if they are unable to express themselves well."
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