Organisations were urged to worry about their employer brands.
Singapore employees’ outlook towards having a long-term job has become bleak. According to a survey by Randstad Workmonitor, 83% of Singaporeans think a “job for life” is now extinct.
More senior employees in Singapore were pessimistic about a job for life compared to their younger counterparts. The research said young employees tend to go against the thinking towards millennials as job hoppers.
About 83% of employees in the 35-54 age range believe that long term jobs have gone extinct. This was higher than the 78% of 18-34 year-old employees that agreed with the sentiment.
Ranstad Singapore managing director Michael Smith noted, “The Workmonitor findings should worry organizations who do not take great care of their employer brands. Our Employer Brand Research showed that over a third of all employees are looking to leave their jobs in the next six months, making it even more important for organizations to do their very best at ensuring they are catering to their very best talent.”
On a global scale, 73% of employees think that a long term job can no longer exist.
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