Jobstreet reveals a more conservative outlook for Singaporeans in 2015

Singapore, 16 Feb 2015 - A recent study conducted by JobStreet.com revealed that Singaporeans are increasingly conservative about their expectations regarding the job outlook for 2015. However, most of their employment and salary expectations are aligned with that of employers'.

Despite having 82 per cent of candidates surveyed expressing uncertainty about the job market in 2015, majority ( 80%) are still considering changing jobs over the course of the year. Managers take a slightly more aspirational and ambitious approach towards job search, as compared to executives. While executives identified salary as the main reason for changing jobs, what was important to managers was looking for better job opportunities that gave them greater autonomy in decision-making. Also, while executives actively search a broad spectrum of jobs offering better pay, managers tend to be more focused and passive, responding only to offers that are compelling.

With regards to salary increment, it is interesting to note that candidates who anticipated bigger salary growth attributed the main reason to having fulfilled management's expectations in terms of their work. However, candidates who expected lesser salary growth did not attribute this to their inability to fulfil management's expectations of their performance but believed the main reason to lower business profits.

Employers who participated in the study revealed that the primary reason for hiring in 2015 will be to replace for staff attrition rather than expansion. Candidates in Sales and Marketing are most sought after in 2015, followed by those with expertise in Human Resources and Engineering. In addition, employers are acknowledging that with the tight employment market in Singapore, bonuses are no longer a major factor in retaining employees. Instead, employers believe that an employee's decision to stay or leave the company is a combination of other reasons. One employer commented, "The average turnover rate of a candidate is between two and three years. Candidates tend to leave for perceived ‘greener pastures' after this duration, believing that there is better out there and some are even looking at venturing into something new".

A total of 311 Singaporean employees and 100 employers took part in this survey conducted by JobStreet.comin December 2014.

About JobStreet.com

JobStreet.com (www.jobstreet.com) is a leading online recruitment company presently covering the employment markets in Singapore,Malaysia, Philippines, Indonesia and Vietnam. The Group currently services over 230,000 corporate customers and over 13 million jobseekers in its database.

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Frieda Chan

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