9 in 10 employed Singaporean open to new work opportunities

59% of Singaporean employees are more likely to start a job search during perceived economic downturns.

About 40% of Singaporeans are actively seeking new employment, whilst 92% that are currently employed are considering other job opportunities, recent studies from Michael Page showed.

The report, titled "The Invisible Revolution," highlights the shift in Singapore’s employment market, considering the results of the COVID-19 pandemic. 

This almost four-year slump from the pandemic has accelerated the transformation of the employment landscape in Singapore, with 1 in 2 Singaporeans switching roles since it began. 

This showcases the resilience and adaptability of the nation's workforce.

Surprisingly, despite 50% of respondents expressing job satisfaction and 69% satisfied with their salaries, many are still open to new opportunities. 

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This paradox indicates a fundamental shift in people's relationship with their jobs and the value they place on them.

To adapt to these changing dynamics, companies must rethink their hiring models. Even content employees are now open to better offers in terms of pay, flexibility, and working conditions. Therefore, employment strategies need to be continuous rather than on-demand to keep up.

Additionally, the survey revealed that 59% of Singaporean employees are more likely to start a job search during perceived economic downturns. This underlines the significance of economic stability in job satisfaction and employee retention.