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The number of employees looking to change job in Singapore has fallen -19.8% in the first six months of the year to 40.1%, according to market trends and salary report by recruitment agency Ambition.
The reasons for moving are primarily due to not having clear career progression (43.4%) and dissatisfaction with current salary (18.6%). Not fitting in with the company culture also elicited a strong response with 16.6%. Poor relationships with superiors ranked fourth with 13.2%. Salary ranked top both for employees and employers as key to retaining and attracting staff. Employees responded that relationships with managers was the second most important deciding factor on whether to remain at/or join a company. Employers ranked bonuses as their second most important attraction/retention feature.
Of the 44.4% of employees who responded that their current remuneration is below the market standard, 53% felt that they could earn more in a different city. On average, 83.5% of employees in Singapore earn between SGD 50,000 (USD 39.651) and SGD 99,000 (USD 78,510). Only 3% of employees earn more than SGD 100,000 (USD 79,303) with 13.5% earning less than SGD 50,000 (USD 39,651).
There was a slight decrease in the number of employees expecting businesses to contract; down from 23.2% at the start of the year to 21.7%. More than half of respondents (51.9% of employees and 55.5% of employers) responded that they retain a positive outlook for possible business growth for the rest of 2013.