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Singapore – Money is not the top motivator for jobseekers

12 February 2014

A survey conducted by global recruitment consultancy Morgan McKinley shows overwhelmingly that career progression is the main motivation for people leaving a job. Nearly two-thirds (63%) of respondents cited this, a long way ahead of basic salary at 12%.

However, a significant number cited a very wide variety of other reasons. The most prominent of which related to problems or dissatisfactions with their current role; such as organisational change or restructuring, a desire to relocate, the scope of their job, the end of project or termination of contract, work-life balance, company culture, and ethical issues.

When considering their career progression, two things are almost equally likely to be a top priority for professionals: 36% want an increase in their overall package and 31% want a broader remit (e.g. responsibility for more countries or a larger headcount).

Tricia Liverpool, Managing Director of Morgan McKinley Singapore, commented: “Recently published surveys on job satisfaction and compensation have suggested that Singaporeans are the unhappiest in the Asia Pacific region, believing that they are underpaid and that as a result, 64% say they plan to leave their current role over the next 12 months.

“Our own survey indicates that only a small minority of employees are primarily motivated to change jobs solely because they want an increase in their basic salary. Career progression is a much more important consideration, so we need to take a broader view of contentment at work,” she added.

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