Survey: Singapore workers are the unhappiest in Asia — A regional survey by recruiting firm Randstad Group showed workers in Singapore to be the unhappiest in Asia and almost two-thirds would like to quit their jobs in the next year, the group reported on Wednesday.
Despite Singapore’s world-class amenities and high per capita income, in recent years it has seen unprecedented public dissatisfaction over the rising cost of living and competition from foreign workers.
Randstad’s World of Work Report revealed that 23 percent of workers in Singapore felt unmotivated and that their skills were not being used effectively, and 64 percent plan to quit their jobs in the next 12 months.
The survey showed the top reasons for worker dissatisfaction were an unsuitable corporate culture, difficult bosses, and being asked to do more with less, according to reports.
The happiest workers in Asia were Indians, with some 70 percent feeling challenged, motivated and mentored, said the survey by the Netherlands-based firm of 14,000 employers and professionals in Singapore, Hong Kong, China, Malaysia, India, Japan, Australia, and New Zealand.
The survey showed that Singaporeans are now putting more emphasis on work/life balance, with 50 percent ranking it as one of the top reasons to stay with a company, up from just 15 percent in the 2012 survey.
Singaporeans were motivated by the knowledge that their contributions matter, but also attached importance to salary expectations.
Some 59 percent of Singaporean workers had a pay increase in the last year, and 67 percent expected at least a 5 percent raise over the next year.
With its popularity hit in elections due to public anger, the Singaporean government has taken steps to rein in the cost of living and tighten the labor market for foreigners.