Two in five Singaporeans believe pandemic will negatively impact job prospects: survey
They are also less confident about job satisfaction and pay against the global average.
Singaporeans who’s employment may have been affected by the pandemic are less confident to secure work against global average according to the ADP Research Institute’s People at Work 2021: A Global Workforce View.
66% of Singaporeans are not confident that they could find another job offering the same flexibility as their old job against a global average of 44%. Only about 32% expect to find the same level of job satisfaction as their previous work and only 28% expect better pay against the global average of 52% and 53%, respectively.
49% of Singaporean workers believe that their ability to find a new job, and their financial security, will be negatively impacted by COVID-19.
Despite Singaporean’s grim view about job prospects, workers are optimistic that the ‘new normal’ will result in a positive working environment.
The report found that 67% feel optimistic about the next five years in the workplace. Singaporeans also appear hopeful that key workplace factors will improve in the “new normal”, with 51% believing that COVID-19 will have a positive impact on workplace flexibility, and 47% believing that they will be able to better develop their skill set.
“Understandably, job or financial security is front of mind for many, and these concerns unfortunately reflect reality. In a year when many businesses have had to shut temporarily or permanently, or significantly alter their operations, the effects of the disruption and uncertainty on the workforce have been profound. The challenge now for employers and HR teams is to find ways to harness the positives while, as far as possible, alleviating the negatives to ensure that staff stay upbeat, motivated and empowered to do well moving forward,” Peter Hadley, president of ADP Asia Pacific.