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Report: Salary not biggest driver of satisfaction among Singapore employees

Less than half of Singapore’s employees (49%) are satisfied in their current job, which is below the global average of 62% employee job satisfaction.


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Published by Questex Asia
on 11 Feb 2019

Report: Salary not biggest driver of satisfaction among Singapore employees

Less than half of Singapore’s employees (49%) are satisfied in their current job, which is below the global average of 62% employee job satisfaction.

This was one of the key findings shared in a recent report titled State of Play: Employee Experience in Singapore – based on a Global Employee Pulse Report conducted by Qualtrics.

Additionally, two in five (40%) Singapore employees said they are not motivated to go to work in the morning and only 29% say they ‘always’ or ‘nearly always’ look forward to going to work every morning - 16% less than the global average.

Engaging over 6,000 working professionals across the globe, the report leveraged the Qualtrics XM Platform to gather meaningful insights and analyze the data by industry, age range, and salary, among other information.

The report provides details of the daily experience of Singapore’s working population, and how key engagement metrics such as work-life balance, job satisfaction, motivation at work, attrition and retention vary across the working population.

Healthcare workers ranked the highest in terms of motivation to go to work in the morning (57%) and were found to have the least amount of stress among the surveyed working population in Singapore.

Interestingly, healthcare workers have also shown the highest levels of contentment with work-life balance (61%) across all sectors surveyed.

The report found that salary is actually not the key driver of satisfaction among Singaporean employees.

In fact, employees who earn salaries of under S$30,000 annually have rated their job satisfaction at 48%, which is just 2% lower than the highest paid employees earning S$130,000 and above.

Key drivers of job satisfaction

The main drivers of satisfaction among Singaporean workers are confidence in the company's senior leadership team and a helpful manager in resolving work-related issues.

Receiving sufficient training to perform their job effectively has also been listed as one of the key drivers of enhanced job satisfaction, desire to go to work and staff retention. 

“Contrary to what many employers believe, the results have shown that personal relationships at work are valued over offering pay increments to employees that may only provide a temporary increase in job satisfaction. In fact, it is the type of relationships employees have with their managers and colleagues that most significantly impact job satisfaction and motivation levels,” said Foo Mao Gen, Head of Southeast Asia, Qualtrics.

"Many successful organizations around the world recognize the importance of manager-employee relationship and empower managers with tools to gain better insights of the team in real-time. Technology can provide managers with data such as how team members are engaging at each stage of the employee lifecycle to understanding their experiences, engagement and productivity drivers. They are empowered with this data to provide action plans and deliver better experiences for their team.”

While it comes as no surprise that millennials and Gen Z employees are more likely than any other age group to switch jobs after two years (35%), almost two in five (39%) employees in this age group have shown a reasonable amount of enthusiasm to go to work every morning.

Singapore employees aged 55 and above are the most enthusiastic about work, with 47% of them looking forward to going to work. However, this is also the segment of employees who are most stressed.

Providing an environment for positive employee experience

An environment that provides and supports work-life balance reduces the risk of attrition among employees and delivers a more positive employee experience. The study has found that 71% of those who are happy with their work-life balance will remain in their jobs, while 81% who are dissatisfied with their work-life balance will leave their existing jobs.

Listening and acting on feedback is nothing new - it is understanding what matters most to employees and applying it to create engaging experiences at work. Foo added: “Employee experience is more than just a traditional annual survey or twice a year check-in.”

He said that organizations need to scale their programs to collect feedback at “every moment and experience that matters to the employee lifecycle”. This starts with having the right feedback system with features such as the ability to conduct pulse surveys, live dashboard reporting and driver analysis.

“These features help organizations understand the experiences your employees have during each stage of their employment, giving you insight into what’s happening, what’s driving engagement, productivity, customer orientation and more,” said Foo.

 

This article was first published on Questex, on 20 January 2019. Information is correct at the time of publication.

Last Modified Date: 11 Feb 2019