What does today’s Singaporean want in a job? Surprisingly, it’s not just a higher pay.
A recent study from Randstad’s Employee Brand Research revealed that salary and compensation are no longer an employee’s top priorities. Most job seekers still want good pay, but work-life balance matters more now.
Findings from the Study
According to Randstad’s results, employees in Singapore, Malaysia and Hong Kong look for workplaces that promote work-life harmony. They still want good salary and benefits, but the demand for work-life balance rises to the point that it surpasses these factors.
In Singapore and Hong Kong, the gap between salary and a balanced work life fit was a small one compared to the previous 16% record. It also shows that employees would rather be in a pleasant workplace than work under severe pressure.
Why It Matters
Demanding work schedules compromise the performance of employees. Constant meetings and deadlines build an unhealthy culture that has long-term consequences. When employees do not find rest, they quickly burn out. A tired workforce leads to lower productivity levels, or worst a high turnover of the very talent that helped businesses build their strong reputations and financial health.
For Paya Lebar Quarter, happy and healthy employees are ‘the most valuable assets of any productive business’. And its approach to keeping them that way is placing more focus on the health and wellbeing of its building occupants, energy effectiveness, climatically contextual design as well as smart use of resources.
Today’s applicants seek workplaces that define the line between work and personal life. They search for progressive companies that promote open communication and encourage positive personal growth.
Singaporeans still enjoy a higher pay, but the new generation of office workers think it would be better if the pay came with enough time for themselves as well.