Job security now more important than pay for Singaporeans, survey finds

People at Robinson Road in the Central Business District (CBD) after office hours.
People at Robinson Road in the Central Business District (CBD) after office hours.PHOTO: ST FILE

SINGAPORE - For the first time, job security outranks pay for Singaporeans when choosing employers in an annual survey by CareerBuilder Singapore released on Wednesday (July 20).

It also topped all other considerations in the recruitment firm's Employer of Choice 2016 Survey such as career growth and opportunities and work culture and physical environment.

"This is unsurprising against the backdrop of our slow economic growth this year," said CareerBuilder Singapore.

A total of 1,837 respondents took part in the 2016 survey, which began in 2006.

The 2016 survey also found that more Singaporeans are looking to pursue a career in start-ups, mainly because of the learning opportunities offered.

Online shopping site Carousell was the top start-up employer of choice, followed by online grocer Redmart and online finanical portal MoneySmart in that order.

"Start-ups are definitely gaining traction and recognition both locally and globally," said Ms Jessica Ang, marketing director of CareerBuilder Singapore. "As more people seek to learn new skillsets and pursue their careers with start-ups, it is equally important for start-ups to implement effective human resource measures. This not only allows them to retain current human capital, but also reach out to a wider pool of potential talents."

Google, Singapore Airlines and Changi Airport Group retained their top positions as employers of choice in the private sector for the second straight year.

The hospitality and tourism industry also gained traction among job seekers, the survey found. For the first time, Marina Bay Sands and Airbnb joined the ranks of the Top 10 employer of choice in the private sector. Singapore Tourism Board topped in the public sector, while WTS Travel and Tours was first place in the small and medium-sized enterprise category.