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Rising living costs and job insecurity keep employees in old roles

Seven in 10 employees stay in outgrown roles over a year.

 Seven out of 10 Singapore employees stay in outgrown roles for more than a year before looking for new opportunities, Jobstreet revealed.

According to Jobsteert, the results suggest that Singapore employees favour job stability over career progression.

“This inclination highlights a potential barrier to seizing new career opportunities and adapting to evolving market demands,” Jobstreet underscored.

From Jobstreet

Employees stay in outgrown roles because of rising living costs and job insecurity, with 31% citing financial stability, 35% work-life balance concerns, and 35% uncertainty about future job prospects.

“We’ve observed that Singaporean employees’ career decisions are sometimes driven by practicality – such as prioritising stability over looking for more fulfilling or challenging work. Coupled with uncertainties of today’s job market, this caution may be warranted – but at the same time, these employees may miss out on new opportunities that could unlock greater career growth and longer-term satisfaction,” says Chew Siew Mee, managing director, Singapore, Jobstreet by SEEK.

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