Search

NEWS
HR & EDUCATION | Staff Reporter, Singapore
Published: 28 Aug 12
4145 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?

781 views

What factors are keeping expats rooted in Singapore?

527 views

Can Asian private equity outgrow the west?

208 views

MOST READ EXCLUSIVES

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 | 62753 views
 

Singapore’s first permanent lifestyle market opens in Bukit Timah

Singapore’s first permanent lifestyle market opens in Bukit Timah

Over 20 brands and labels are gathered together under one roof.

by KRISANA GALLEZO
5 Jan 2015 | 35722 views

Singapore Business Review’s 2014 Class of 40 and under

Singapore Business Review’s 2014 Class of 40 and under

Meet a summa cumlaude graduate who rises from poverty to become JP Morgan’s head of corporate finance.

by KRISANA GALLEZO
12 Jan 2015 | 33549 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 | 11196 views

This food hub in Seah Street brings a throwback experience to dining

This food hub in Seah Street brings a throwback experience to dining

It offers an exciting lunch menu which changes every week.

by KRISANA GALLEZO
16 Jan 2015 | 7434 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 | 7397 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 | 4083 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 | 3993 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 | 3824 views
 

This startup created the world’s first bed sensor technology

This startup created the world’s first bed sensor technology

No more patients accidentally falling off hospital beds.

by KRISANA GALLEZO
14 Jan 2015 | 3263 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 | 3134 views
 

Meet INSEAD’s new chairman of the board

Meet INSEAD’s new chairman of the board

Find out how Andreas Jacobs plans to bring “business as a force for good”.

by KRISANA GALLEZO
14 Jan 2015 | 2492 views

What it’s like going into business with your significant other

What it’s like going into business with your significant other

A couple who founded an artisanal food outlet, P.Bistro, shares experience.

by KRISANA GALLEZO
9 Jan 2015 | 2134 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 | 1944 views

MetLife builds its first global R&D hub

MetLife builds its first global R&D hub

It bills itself as a first-of-its-kind innovation centre for the insurance industry.

by KRISANA GALLEZO
26 Jan 2015 | 1616 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 | 1596 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 | 1479 views
 

The heat is on: This office literally gets a bit hot for their green drive

The heat is on: This office literally gets a bit hot for their green drive

Discover how they execute their green initiatives in the office.

by KRISANA GALLEZO
22 Jan 2015 | 1474 views

FTMSGlobal Academy Singapore launches new weekend MBA

FTMSGlobal Academy Singapore launches new weekend MBA

The course fee is below $20,000.

by KRISANA GALLEZO
8 Jan 2015 | 1232 views
 

Here’s how migrants can be sure their loved ones back home paid the doctor a visit

Here’s how migrants can be sure their loved ones back home paid the doctor a visit

This NRI-focused startup also gives migrants monthly feedback from the doctor.

by KRISANA GALLEZO
7 Jan 2015 | 1225 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 | 387 views
 
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter