SINGAPORE: Job seekers in Singapore are looking to get a 17 per cent bump in pay when they switch jobs, after averaging across industries and levels, said a report by RGF International Recruitment.
Its survey found financial compensation to be the driving factor for 61 per cent of job seekers in Singapore, with 83 per cent of respondents saying they expect a salary increase, report agencies.After compensation, the next factors which drive job seeking are working with "top calibre colleagues" (13.6 per cent) and career advancement opportunities (10.8 per cent).
The recruitment firm's Talent in Asia report analysed 3,500 responses on hiring trends across 11 Asia countries and markets. The markets are Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam, India, China, Japan, Hong Kong and Taiwan.
When it comes to employers in Singapore, sentiment over business growth and hiring plans were found to be “highly positive”. More than half or 57.9 per cent of local respondents have "aggressive hiring plans" in the coming year. That being said, locating and attracting key talent has been found to be a "huge concern" for Singaporean employers, with 84 per cent citing this as the biggest challenge they face. The next challenge is culture mismatch at 12.4 per cent and having a low hiring budget at 10 per cent.