Bad working conditions? Only 5 in 10 will stay with their employers in 2022
SG’s employee retention rate was the lowest in APAC at 53%.
Only five in 10 Singaporean employees plan to stay with their current employers in the next 12 months, Qualtrics has found.
When compared to other countries in the Asia Pacific, Singapore had the lowest rate of employee retention at 53%.
The main reason cited by employees for staying is the feeling of belongingness. Other drivers of intent to stay include wellbeing, growth and development opportunities, and being customer-focused.
In terms of wellbeing, the survey found that 18% of employees are not comfortable taking a sick day despite feeling unwell; this, according to Qualtris should be a key area for employers to focus on in hybrid environments along with providing employees with technologies and tools to help them work under this setup.
The study said 24% of Singaporeans are underwhelmed by the technologies provided in hybrid environments, with just 24% saying it meets their expectations, thus leading to reduced productivity (36%),
Meanwhile, the study also found that resilience at work dropped 11%.
“For businesses in Singapore to be successful in attracting and retaining talent in the current environment, they need to adopt new mindsets and continue to define and iterate their new ways of working…Addressing the challenges faced are not as simple as setting a new work schedule or offering higher salaries. People’s experience at work, and the career decisions they’re making, are being influenced by multiple factors, meaning the ability to quickly and easily identify and respond to the issues having the biggest impact is a significant advantage,” said Lauren Huntington, employee experience solutions strategist for Qualtrics in Southeast Asia.