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Jobs for Life Concept No Longer Exist in Singapore: Randstad Findings

August 4, 2017

More and more Singaporeans find that staying in one job that will last a lifetime as an obsolete concept, according to a recent report by Randstad.

Entitled as Workmonitor Research for Q2 2017, the study revealed a shifting trend in employment. As much as 83 percent employees in Singapore considered that the “job-for-life” concept has gone extinct. The number is even higher than the global average of 73 percent. Meanwhile, on Asian level, Hong Kong was on a par with Singapore at 83 percent, while Malaysia stood at 76 percent.

Randstad report also underlined senior employees’ doubt toward the notion of jobs for life. In Singapore and Hong Kong, veteran workers were more pessimistic about having only one job throughout their life than their younger counterparts.

According to the findings, 85 percent respondents between the ages of 35 and 54 said that a lifelong career has gone to the wayside, while only 78 percent from those in the 18-34 age group said so, Business Times reports.

Regarding to the study, Managing Director for Randstad Singapore, Hong Kong and Malaysia, Michael Smith stated that: “Despite the less-than-encouraging findings from this latest Workmonitor research, many organisations are starting to take appropriate steps in ensuring that their employees are being provided opportunities for retraining and lateral movement.”

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