Singaporean employees extremely eager to leave their current bosses: report

A high turnover rate is the new norm.

The tight labor market has given Singaporean employees the upper hand in the battle for higher wages. Employers are now resigned to the fact that high staff turnover is the new norm, as workers are continuously on the lookout for better opportunities and will jump ship once they receive a more attractive offer.

According to PrimeStaff’s Quarterly Employment Outlook, employers will continue to grapple with the same manpower woes that had afflicted them in Q3.

“In this tight labor market, employers will continue to experience high staff turnover especially at PMET levels. It is currently more of an employee's market due to the fact that Singaporean and PR workers are in high demand against the backdrop of an extremely low unemployment rate, We believe that the circumstances are further worsened by employers' "mismanagement" of human capital,” stated the report.