Chart of the Day: Expected turnover rate in Singapore is the highest in Asia
About 46% expect to leave their companies in the next 12 months.
This chart from Workday and IDC shows that 46% of Singapore employees intend to leave their companies in the next 12 months. Singapore currently has the highest turnover rate amongst Asia Pacific countries.
However, the top 3 countries with the highest expected turnover, Singapore, Malaysia (38%), and Australia (35%), are amongst the countries with the “happiest employees.” This suggests employees are likely to switch jobs given the right “pull” factors.
Top pull factors in Singapore include better pay, career prospects, and work/life balance.
Meanwhile, 82% of employees see better job prospects as a result of the digital economy and 68% feel confident about their skills.
About 79% of Asia/Pacific employees surveyed are very/somewhat satisfied at work. Yet, when given the right opportunity, 73% of employees are likely to switch jobs, with 43% in average considering to do so within a year.