Singapore - About half of financial professionals in Singapore have low job satisfaction and company loyalty.
A survey conducted by recruitment agency Robert Half found 53% of 199 Singapore financial professionals to be pessimistic about their jobs. The survey which polled 3556 financial professionals across five continents showed Singaporeans as ranking the second lowest globally after Japan.
Fifty-four percent of the respondents indicated satisfaction towards job security, and 60% towards leading a reasonably healthy work-life balance. Managing director of Robert Half Singapore Tim Hird attributes this job dissatisfaction to concerns about job security, career prospects, the ability to maintain work-life balance and heightened workloads due to the economic downturn.
Only 59% of Singaporean respondents claim to be loyal towards their employers, and that percentage is also among the lowest globally. While most of them are not looking for new jobs, many are open to the right opportunities with pay increases and work-life balance.
Hird explains that while monetary reasons remain as important considerations for a job switch, more financial professionals are "looking for employers that can provide them with a value proposition that will allow them to manage their work/career aspirations and personal lives".
"Job satisfaction and company loyalty will continue to be tested as companies tackle the challenges posed by the economic downturn, including those related to their human capital," Hird says.
