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.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia