Singapore employees are now seeking out new jobs with higher pay, even in their later years.
According to jobsDB Asian Consumer Market survey, 42 percent of Singapore employees demand a salary between S$1,500 (US$1,178) to S$3,499 (US$2,747). The number of employees searching for roles in the salary range of S$5,000 (US$3,925) to S$7,499 (US$5,887) also saw an increase of seven percent from last October.
More employees in Singapore also seemed to be looking for higher paying jobs as they approach retirement. From October 2012 to present, there was a four percent increase of job seekers in the 45 to 49 age bracket.
This trend might signify that Singapore employees are "not wholly satisfied with their current role and salary" and are thus seeking change before they retire, said Angeli Beltran, managing director of jobsDB Singapore and Malaysia.
The situation in Hong Kong and Malaysia
As compared to Singapore, Hong Kong employees had higher salary expectations- 38 percent of them expected a salary between S$2,449 (US$1,922) to S$4,899 (US$3,846). Malaysian employees (69 percent) on the other hand sought a salary between S$400 (US$314) to S$2,000 (US$1,570).
In terms of job seekers, Hong Kong mirrored the trend in Singapore, seeing a two percent increase in job seekers who fell in the 45 to 49 age bracket. Malaysia, however, experienced an eight percent decrease in job seekers in the same age bracket.
The jobsDB Asian Consumer Market survey is bi-annual online survey conducted in six markets across Asia Pacific. It provides insights on the behaviours and ambitions of job seekers in the region.
The most recent survey, with key findings above, included responses from 1,893 respondents from Singapore, Hong Kong, Indonesia, Malaysia, the Philippines and Thailand.
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