Local finance, accounting workers more prone to job-hopping

Local finance, accounting workers more prone to job-hopping

SINGAPORE - Finance and accounting employees in Singapore are the world's most chronic job hoppers, serving a shorter period of tenure in a job than anywhere else in the world.

They serve just 3.4 years in a job - far below the global average of 5.2 years, according to a survey by finance and accounting specialist recruitment firm Robert Half.

More than 2,100 Chief Financial Officers (CFOs) and finance directors working in different industries in 15 countries took part in the survey, including 150 from Singapore.

According to the survey, one in three (34 per cent) finance and accounting employees will last two years or less in a new job, compared to the global average of 15 per cent.

At the other end of the scale, Singapore has far fewer long-term employees, with just one in 20 (5 per cent) employees clocking up 10 or more years of service with one company - the lowest percentage compared to other countries in the world.

This contrasts with the global number where 19 per cent of employees stay for 10 or more years. The country with the highest proportion of employees with 10 or more year's tenure is Austria with 42 per cent.

Ms Stella Tang, Director of Robert Half Singapore, said the survey findings suggest that there are many reasons as to why finance and accounting professionals are so mobile within the Singapore workforce.

"A Singapore finance or accounting employee will have many jobs within their working lifetime. They will move for a range of reasons - better remuneration, promotion, a new challenge, an overseas posting or more flexible work arrangements."

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