But the island nation still suffers from a large engagement deficit.
Singapore has the fifth highest percentage of adult population with "good jobs" or full-time employment for employers in the world, with 48% having this type of work, global analytics and advisory firm Gallup revealed.
According to its 2018 Global Great Jobs Briefing report, Singapore followed the United Arab Emirates (69%), Bahrain (59%), Estonia (49%), and Russia (49%). Meanwhile, it led Asia's rankings, followed by Hong Kong at 43% and Taiwan at 42%.
On the lower end of the rankings lie Haiti, South Sudan, and the Central African Republic, where only 5% of workers are considered to have good jobs.
Singapore also leads the region in full-time employment that engages workers, with 11% of adults fitting this description.
Despite Singapore’s strong overall job performance relative to other countries, it still suffers from a large engagement deficit. Gallup managing partner Jon Clifton explained, "People who are engaged at work or, in other words, have a 'great job,' can do what they do best, have the equipment to do their jobs effectively, and have a strong sense of mission and purpose in their work."
Singapore's engagement deficit has negative impacts on employers and employees, lowering productivity and retention as well as depressing workers’ well-being. "Business leaders in Singapore should be particularly concerned about engagement if they want to fully develop their human capital," the report said.
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