Almost half of workers, or 41%, in Singapore would leave their job to improve their work-life balance, according to a survey from Randstad Singapore.

The survey found that 38% of workers said that they are motivated to leave because of “low compensation and rising cost of living.” Meanwhile, 33% said a lack of career growth opportunities would motivate them to resign. This was followed by 28% who said they would leave due to receiving an offer they couldn’t refuse and 25% who said they lack interest in their job.

Randstad’s research also noted that 17% of Singaporeans changed jobs this year. By generation, millennials (Randstad categorised millennials as aged 25 to 34 for this survey) exhibited the strongest inclination toward job-switching at 36%. On the other hand, 23% of Generation Z workers (Randstad categorised Gen Z workers as aged 18 to 24) expressed the least desire to change jobs. A third of Generation X workers, or 30%, expressed a desire to change jobs.

According to Randstad, 79% of respondents find nonmonetary benefits critical when choosing an employer. These benefits are defined as initiatives that do not involve direct financial compensation. Instead, they encompass intangible benefits that improve employees’ job satisfaction and work-life balance.

Amongst the nonmonetary benefits, respondents stated that having good workplace relationships with their manager (94%) and colleagues (also 94%) were the most important factors. Convenient locations (93%) and flexible work arrangements (also 93%) followed suit, and more autonomy to perform in their role was also cited as a top nonmonetary benefit (92%).

Singaporean workers also said they want more upskilling and reskilling opportunities to develop themselves. Data from the survey showed 69% of respondents consider upskilling and re-skilling necessary, yet only half (54%) have received opportunities to grow their careers.

Having sufficient career development opportunities is equally important to Gen Z (35%), millennials (38%) and Gen X (35%), who have left their jobs due to a limited career path.

“Upskilling is a key factor in an employee’s total experience with a company and their career progression,” Randstad stated. “As technology shifts at unprecedented speed, employees want to feel secure in their skills and careers. They desire employers who will invest in their growth and make learning and development accessible and intuitive within the company.”