The 2012 Towers Watson Global Workforce Study on attitudes of Singaporean employers and workers has thrown up some interesting findings.
It was found that the issue of retention in a job is prevalent, with a higher proportion of Singapore employees wanting to leave current employers within the next two years as compared to the global average.
Of the 1,000 employees interviewed, 34 per cent wanted to leave their current employers within the next two years, higher than the global average of 28 per cent.
The survey was released on Friday and discussed with human resource (HR) practitioners and employers at a seminar.
The survey also found that almost half of respondents from Singapore believed that they have to join another organisation in order to advance to a job at a higher level.
Middle managers were in the worst shape, with lowest levels of engagement and willingness to stay.
On the issue of pay, the report found that the perception of pay equity is lower in Singapore.
Only 32 per cent of those interviewed here felt that they were paid fairly compared to people in other companies who held similar jobs.
The proportion of Singapore employees who believed that they are paid fairly compared to peers in other companies is lower than the global average.
Another key finding of the report was on views on health care and wellness programmes, as well as retirement benefits.
Only 39 per cent of employees interviewed here felt that such programmes at the workplace met their needs.
When it came to retirement benefits, the results were lower with just 20 per cent agreeing.
The global average in this area was 46 per cent.
Towers Watson Global said over the last five years, organisations have had to make continual shifts in their workforce strategies and programs to keep pace with global changes.
In Asia Pacific, organisations have struggled to find and keep critical talent, which has driven up labour costs in various countries.
And the relentless pace has taken a toll in attitudes and behaviours on the job.
Savvy employers on their part need to understand their impact on their workforce and adopt appropriate risk-mitigation strategies.
The 2012 Towers Watson Global Workforce Study was fielded in 29 markets around the world and obtained responses from more than 32,000 full-time workers across a range of industries and functions.
It was found that the issue of retention in a job is prevalent, with a higher proportion of Singapore employees wanting to leave current employers within the next two years as compared to the global average.
Of the 1,000 employees interviewed, 34 per cent wanted to leave their current employers within the next two years, higher than the global average of 28 per cent.
The survey was released on Friday and discussed with human resource (HR) practitioners and employers at a seminar.
The survey also found that almost half of respondents from Singapore believed that they have to join another organisation in order to advance to a job at a higher level.
Middle managers were in the worst shape, with lowest levels of engagement and willingness to stay.
On the issue of pay, the report found that the perception of pay equity is lower in Singapore.
Only 32 per cent of those interviewed here felt that they were paid fairly compared to people in other companies who held similar jobs.
The proportion of Singapore employees who believed that they are paid fairly compared to peers in other companies is lower than the global average.
Another key finding of the report was on views on health care and wellness programmes, as well as retirement benefits.
Only 39 per cent of employees interviewed here felt that such programmes at the workplace met their needs.
When it came to retirement benefits, the results were lower with just 20 per cent agreeing.
The global average in this area was 46 per cent.
Towers Watson Global said over the last five years, organisations have had to make continual shifts in their workforce strategies and programs to keep pace with global changes.
In Asia Pacific, organisations have struggled to find and keep critical talent, which has driven up labour costs in various countries.
And the relentless pace has taken a toll in attitudes and behaviours on the job.
Savvy employers on their part need to understand their impact on their workforce and adopt appropriate risk-mitigation strategies.
The 2012 Towers Watson Global Workforce Study was fielded in 29 markets around the world and obtained responses from more than 32,000 full-time workers across a range of industries and functions.
