Human Resources

Toggle

Article

Singaporeans believe they are underpaid

HR Webinar Series is a comprehensive portal of online learning solutions catered for you.
4 main themes - Thought Leadership, Personal Growth, Case Studies and COVID-19 Management. Find out more about the webinars »

Almost half of the Singaporean workforce think they are being paid poorly.

According to Ambition’s Market Trends & Salary Report H1 2014, 45.2% of Singaporeans believe they are not being paid the average market rate.

The report, which surveyed 2,000 local employees, found changing jobs to be the foremost solution to get a salary increment (54.6%), followed by bagging a promotion (28.6%).

Considering these respondents also identified salary and bonus as the top reason to retain their current jobs, companies may need to review their compensation policies if they want to win the war on talent.

“The demand for high quality talent has never been more pressing, particularly for those native to Singapore who have overseas experience,” Paul Endacott, Ambition’s managing director for Southeast Asia, said.

“This means that a company’s attraction and retention strategies have never been more important as there will be no lack of opportunities for high calibre talent in Singapore.”

However, despite the discontentment with salaries, 56.2% of locals said they are happy in their jobs.

Scope of work and company culture were found to be the main reasons for high satisfaction levels in local organisations, coming in at 27.3% and 20.7% respectively.

A large majority (90.2%) also had no problems reporting to a superior with a different race or nationality. Likewise, 91.8% of employers stated they were comfortable with managing a racially diverse employee.

HR Webinar Series is a comprehensive portal of online learning solutions catered for you.
4 main themes - Thought Leadership, Personal Growth, Case Studies and COVID-19 Management. Find out more about the webinars »

Read More News

in Hong Kong by

Tesla突炒數百人

據報導估計約400至700名員工,包括工程師、經理和工廠人員已遭解僱。..

Trending

Leave a Reply

You must be logged in to post a comment.