Search

    NEWS
    HR & EDUCATION | Staff Reporter, Singapore
    Published: 28 Aug 12
    4275 views


    Working like dogs: 98% of Singapore employees work overtime

    Singapore has one of the least number of employees leaving work on time.

    According to a survey by Robert Half, a finance and accounting specialist recruitment firm, a staggering 98 per cent of employees in Singapore work longer than their contract require them to. And in large firms of 1,000 employees or more it rises to 100 per cent.

    This means only one in 50 Singapore finance and accounting professionals leaves work on time each and every day.

    Here's more from Robert Half:

    The global survey conducted among 2,179 Chief Financial Officers (CFOs) and Finance Directors asked them how often their employees worked longer than their contracted hours. The survey included 150 finance leaders in Singapore across a range of industries.

    At 2 per cent, Singapore has one of the lowest percentages of employees who work their contracted office hours of any of the 15 countries surveyed. Only Switzerland has a lower percentage, where employers state 100 per cent of their finance and accounting staff work longer than contracted to. Globally 9 per cent of employees said their employees are never required to do extra work outside of their contracted hours. 

    When comparing those who work overtime every day, Singapore’s 17 per cent is the same as the global average. The country with the highest proportion of employees working overtime daily is Hong Kong, where 42 percent of accounting and finance personnel stay long after the clock has signaled game over.

    Another 46 per cent of Singapore employees work longer hours two to three times a week, compared to the global average of 37 per cent.  Ms Stella Tang, Director of Robert Half Singapore said employers were divided about whether working longer hours is a good or a bad thing for staff morale. “In Singapore 39 per cent of CFOs and Finance Directors believe working longer hours has a positive impact on employee morale, while 45 per cent believe it has a negative impact and 16 per cent say it has no effect,” she said.

    “Some employees welcome the chance to earn overtime by working extended hours, while others, especially those with family commitments may resent it. Whether extended hours are a good or bad thing for morale depends on a company’s culture and the personal position of the individuals in any finance team.”

    “For finance and accounting professionals, the need to work late is often not a choice. The finance team has to meet deadlines set by regulations and corporate governance requirements. Additionally, they often need other business units to supply information to complete their task. If other units do not supply information in a timely manner, the finance team has little choice but to work late and get the job done.”

    “The current talent shortage means companies need to work hard to attract and retain the best people. In order to retain top staff members, employers can prioritise work so the most important assignments are completed first.”

    “Where suitable permanent staff cannot be found, companies are also increasingly engaging contract professionals to maintain productivity and output through the peaks and troughs of workload demands,” Ms Tang said.



    Sign up for our newsletter

     

    Do you know more about this story? Contact us anonymously through this link.

    Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

    To get a media kit and information on advertising or sponsoring click here.

    Tags: Stella Tang, Robert Half, Singaporeans overtime, Singaporeans chief financial officers

    LATEST HR & EDUCATION JOBS »
    • No jobs posted on this category.
    PRINT ISSUE »

    Subscribe Now
    What factors are keeping expats rooted in Singapore?

    1070 views

    What factors are keeping expats rooted in Singapore?

    581 views

    Can Asian private equity outgrow the west?

    260 views

    MOST READ EXCLUSIVES

    The 10 richest Singaporeans

    The 10 richest Singaporeans

    Altogether, their total amount of wealth dropped by 20% to US$32.5 billion.

    by KRISANA GALLEZO
    13 Apr 2015 | 103384 views
     

    16 items that are a tad cheaper in Singapore than in Hong Kong

    16 items that are a tad cheaper in Singapore than in Hong Kong

    Coffee lovers need not go farther for a cheaper cup of cappuccino.

    by KRISANA GALLEZO
    20 Mar 2015 | 102808 views

    Singapore’s 8 hottest 40 and under hotel chefs

    Singapore’s 8 hottest 40 and under hotel chefs

    Check out and be inspired from their humble beginnings before rising the ranks.

    by KRISANA GALLEZO
    27 Mar 2015 | 13762 views
     

    Chow Tai Fook opens second store in Singapore

    Chow Tai Fook opens second store in Singapore

    It's a 1,000-square feet new jewellery shop on Orchard Road.

    by KRISANA GALLEZO
    26 Feb 2015 | 12538 views

    This is a woman’s world: CRIB launches Singapore’s first business and lifestyle incubator for women

    This is a woman’s world: CRIB launches Singapore’s first business and lifestyle incubator for women

    Find out what the three key platforms of CRIB are.

    by KRISANA GALLEZO
    10 Mar 2015 | 8383 views
     

    The New Black hits Singapore with rarest green coffee

    The New Black hits Singapore with rarest green coffee

    It also boasts of its Impossible Collection curated by the ‘world’s rockstar roasters'.

    by KRISANA GALLEZO
    5 Mar 2015 | 5036 views

    Too many business cards? Why don’t you try Sansan’s business card management service?

    Too many business cards? Why don’t you try Sansan’s business card management service?

    After Singapore, this contract management company plans to expand in the APAC region.

    by KRISANA GALLEZO
    12 Feb 2015 | 4583 views
     

    Check out this integrated office cum lab of Friesland Campina in Singapore

    Check out this integrated office cum lab of Friesland Campina in Singapore

    A curved glass wall resulted in a 90% open-plan office.

    by KRISANA GALLEZO
    17 Feb 2015 | 4502 views

    All the single ladies: Here’s Singapore’s first female-centric dating app for you

    All the single ladies: Here’s Singapore’s first female-centric dating app for you

    Its female-friendly features help women find serious daters.

    by LEE ANNE BABIERRA
    20 Apr 2015 | 4309 views
     

    Spencer Ogden gets funky with its newest trademark space in Singapore

    Spencer Ogden gets funky with its newest trademark space in Singapore

    The company invested over $1M to make this signature office possible.

    by KRISANA GALLEZO
    5 Feb 2015 | 3640 views

    Want to be hands-on with your ideal home setting?

    Want to be hands-on with your ideal home setting?

    Commune is opening an Experience Centre for meticulous homeowners.

    by KRISANA GALLEZO
    23 Mar 2015 | 3005 views
     

    Office in the sky: How’s having a meeting in the clouds?

    Office in the sky: How’s having a meeting in the clouds?

    Check out ACL Asia Pacific’s Cumulonimbus, Altostratus and Cirrus rooms.

    by KRISANA GALLEZO
    1 Apr 2015 | 2967 views

    Get to know the husband-and-wife duo behind the novice 3E Accounting

    Get to know the husband-and-wife duo behind the novice 3E Accounting

    This local accounting firm expanded from 2 to 35 members in just 4 years.

    by KRISANA GALLEZO
    24 Apr 2015 | 2869 views
     

    Lazada Singapore CEO Martell Hardenberg talks about his “Happy Customer” philosophy

    Lazada Singapore CEO Martell Hardenberg talks about his “Happy Customer” philosophy

    Find out what other goals the 27-year-old has for the company.

    by KRISANA GALLEZO
    27 Mar 2015 | 2652 views

    Take a look inside INSEAD’s $55m leadership development centre in Singapore

    Take a look inside INSEAD’s $55m leadership development centre in Singapore

    It marks the fulfillment of a vision too ambitious to achieve 15 years ago.

    by KRISANA GALLEZO
    1 Apr 2015 | 2466 views
     

    LawCanvas saves the day: Easy legal documents in under a minute

    LawCanvas saves the day: Easy legal documents in under a minute

    The founders revolutionized the legal industry despite having different backgrounds.

    by KRISANA GALLEZO
    2 Mar 2015 | 2417 views

    Take a sneak peek at Equinix’s $300m international business exchange data centre in Singapore

    Take a sneak peek at Equinix’s $300m international business exchange data centre in Singapore

    Which took almost a decade to finish.

    by KRISANA GALLEZO
    27 Apr 2015 | 2316 views
     

    PocketMath makes buying mobile ad impressions easier

    PocketMath makes buying mobile ad impressions easier

    It integrates over 20 ad exchanges and offers over 20B impressions a day.

    by KRISANA GALLEZO
    9 Feb 2015 | 1827 views

    #OnTheContrary campaign reveals the ‘real struggles’ of entrepreneurs

    #OnTheContrary campaign reveals the ‘real struggles’ of entrepreneurs

    Rags to riches stories are fabulous, but here’s the real deal.

    by KRISANA GALLEZO
    27 Mar 2015 | 1138 views
     

    Le Petit Paradis recently rebranded as Enoch’s European

    Le Petit Paradis recently rebranded as Enoch’s European

    It’s a full-fledged contemporary European restaurant blossomed from a motorcycle accident.

    by KRISANA GALLEZO
    22 Apr 2015 | 1094 views

    Find out what it’s like going into business with your in-law

    Find out what it’s like going into business with your in-law

    A young entrepreneur teamed up with his father-in-law to redefine home entertainment needs.

    by KRISANA GALLEZO
    27 Mar 2015 | 872 views
     

    What is the future of the sports business in Singapore?

    What is the future of the sports business in Singapore?

    Can a new billion-dollar stadium give Singapore the edge it needs to compete for world-class sporting events?

    by STAFF REPORTER
    20 Mar 2015 | 757 views

    Fragrance Du Bois to launch a new scent this year

    Fragrance Du Bois to launch a new scent this year

    Also, check out its pop-up boutique at TANGS Orchard open until April 26.

    by KRISANA GALLEZO
    17 Apr 2015 | 605 views
     

    Megafash sets the stage for local entrepreneurs to introduce indie brands

    Megafash sets the stage for local entrepreneurs to introduce indie brands

    It plans to expand in Malaysia and Indonesia.

    by KRISANA GALLEZO
    20 Apr 2015 | 395 views
    close Don't Show Again

    STAY INFORMED! Get our free weekly newsletter