7 in 10 Singaporeans will change jobs despite sluggish economy

7 in 10 Singaporeans will change jobs despite sluggish economy

SINGAPORE - Singaporeans are expecting a cautious hiring climate in 2013, says a JobStreet.com Job Outlook Report that was released today.

Among the 550 Singaporean workers who participated in this survey, only 27 per cent sees an upbeat hiring pace in 2013 while 73 per cent expressed concerns for a conservative job climate with lesser supply of jobs.

100 employers were surveyed and they echoed the same sentiments for the job market next year.

However, while only 9 per cent of the employers felt that the national economy will continue to pick up, the majority indicated that they will continue to hire amidst caution.

Only 22 per cent of the employers surveyed said they will require more than 10 new hires within the next 6 months.

However, despite predicting a slowdown in the job market, 75 per cent of Singaporean workers are still considering changing jobs in 2013.

Salary and job advancement were identified as the top pull factors for a job change. Majority of the respondents also singled out the first quarter as the best time to start a job hunt.

Generally, the market sentiment has improved from last year with only 50 per cent of Singaporean workers expecting to take longer than 3 months to secure a job in 2013 compared to 70 per cent in 2012.

Companies are also taking a more optimistic approach to hiring with only 7 per cent of employers not intending to hire this year instead of 20 per cent in 2012.

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