Singaporean employees pessimistic about their companies' business prospects

Only 3 in 10 expect salary raise.

According to the Compass Index released by Compass Offices, employees in Singapore weren’t too optimistic about how external factors would affect their businesses this year.

Like other Asian counterparts, Singaporean employees saw the world economy as the biggest upcoming problem in 2016-2017 for their companies, at almost 40% of respondents.

Low demand for their companies’ services was also a potential problem, with more than 20% of respondents citing this.

Differing from its Asian counterparts, 40% of Singaporean employees surveyed said that the remuneration package was one of the most important things about the job. Also standing out compared to the other countries surveyed, 40% of respondents said that career development is the most important.

Compared to the rest of the Asia Pacific region, Singapore’s employees do have markedly different priorities in their jobs: pay and promotion. As for pay raises, Singaporean employees are relatively pessimistic, with under 30% expecting a raise in salary in the coming year.