Managerial leadership key criteria for workers seeking for new jobs
- POSTED: 07 Jan 2014 15:16
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According to a survey carried out by human resources consultancy firm Hudson, the desire for stronger managerial leadership at the workplace and for higher wages are key reasons for the workers seeking new jobs in the coming year.
SINGAPORE: It seems most workers in Singapore are itching for a career change, according to a survey by recruitment firm Hudson.
Of some 1,300 employees polled in November 2013, 71.4 per cent were seeking new employment.
The survey also showed that 87 per cent of these employees expect to change jobs this year.
Poor management and a desire for higher pay were the top two reasons that led workers in Singapore to switch jobs, according to the Hudson survey.
The recruitment firm found that 68.3 per cent of professionals left a job due to a poor manager, and 63.3 per cent thought about leaving for the same reason.
Craig Brewer, director of banking and financial services at Hudson, said: "We've seen organisations at a local level in the last few years, in a big way, invest in leadership development programmes, because bad management itself can't be defined… easily. Sometimes people have been promoted a little too quickly and they may find that they may be a little bit out of their depth. And organisations just need to spend some time developing those people."
At the same time, 43.3 per cent of those polled cited salary as the most important factor in switching jobs.
David Ang, director of capability and business development at Human Capital Singapore, said employers cannot overlook compensation if they want to retain top talent.
He explained: "If the compensation is already competitive enough, then I think it is quite in order. But if they found that the salary level is too low, then I think the first thing the company ought to do is to review the salary."
In the two years leading to 2014, 40 per cent of workers surveyed had changed jobs.
In addition, the Hudson survey found that hiring expectations among employers have lowered for the first quarter in 2014.
39.5 per cent of employers plan to hire more, a decrease of 4.3 percentage points compared to the previous quarter, while around 7.3 per cent of them plan to decrease headcount, up 2.9 percentage points.
Associate Professor Shandre Thangavelu of the department of economics at National University of Singapore believes this could affect unskilled workers more.
He elaborated: "The restructuring effects (of the companies) affect the unskilled workers or the semi-skilled workers more... So they have to be… very cautious to make sure that they have relevant skills to match the new jobs that are created."
The survey, which also polled some 480 employers, showed 53.2 per cent of them plan to keep staff numbers steady.