Lack of career progression, not pay, now drives Singapore job exits

Some resign to seek new challenges.

In Singapore, low salaries are no longer the primary reason employees are leaving their companies.

Hays reported that this year, Singaporeans are quitting their jobs due to a lack of career progression and the desire to seek new challenges.

In 2023, low salaries were the main reason Singaporeans left their jobs.

Meanwhile, employees who are committed to their organisation cited fitting in well with managers or colleagues as the top reason for staying at their jobs at 40.1%, followed by work location or flexible work options (36.2%), work-life balance (35.4%), salary package (31.5%), and waiting for bonus, promotion, or internal transfer (16.9%).

For those who are not committed to their organisation, salary package is their top reason for staying at 50.0%, followed by work-life balance (44.4%), work location or flexible work options (27.8%), good job security (27.8%), and waiting for bonus, promotion, or internal transfer (16.7%).
The report surveyed 1,175 skilled professionals and 412 employers from Singapore across six weeks in late 2023.