9 in 10 Workers in Singapore Willing to Retrain for New Roles

June 2, 20218:00 pm647 views
9 in 10 Workers in Singapore Willing to Retrain for New Roles
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A new report based on the study Decoding Global Career Shifts states that 62 percent of Singaporean workers are willing to retrain for new jobs in any case as they look towards the aftermath of the pandemic. On top of that, another 36 percent said that they are willing to retrain should the need arises. A total of 6,280 respondents in Singapore — out of 209,000 participants across 190 countries — took part in the study.

The study is conducted in partnership with SEEK Asia (the parent company of JobStreet), Boston Consulting Group (BCG) and The Network. It is the third release in a series of publications focusing on the pandemic’s impact on worker preferences and expectations. The data gathered for Decoding Global Career Shifts provides insights into worker preferences by gender, age, education level, level of digital skill, and position in the job hierarchy.

Of the 62 percent of respondents who are willing to retrain in any case, they work in the public sector (69%) as well as travel and tourism (68%), insurance (66%), retail (66%) and media (64%) industries. Unlike other countries, the willingness to retrain for a new job role has gone up with age for Singaporean respondents. Those aged 61 and above are the most willing to retrain in any case.

See also: Employers urged to retrain workers as automation destroys old jobs

Automation perceived as a threat to one’s job security

The economic uncertainty brought on by the pandemic comes at a time when workers in just about every field already have some level of concern about being replaced by technology. Sixty-one percent of workers in Singapore have become more concerned about automation during the pandemic, according to the survey.

Increased concern is especially common among people who work at financial institutions, telecommunications or insurance companies. In terms of age group, the threat of automation is prevalent amongst those in the 21 to 30 age group (62%); 31 to 40 age group (64%); and 41 to 50 age group (61%).

Workers are actively developing new skills

In the past year, workers have been taking steps to upgrade their skills. This perhaps has to do with their realisation that job security is no longer a guarantee in this ever-changing world, and that their employability depends on their skill sets. Forty-six percent of workers said that they have spent significant time (few weeks per year or more) learning while 47 percent said they have spent a few days or hours a year doing so. On-the-job training (85%), online educational institutions (51%) and self-study (46%) are the top three most popular modes of workplace learning.

For the full report, please visit: https://www.jobstreet.com.sg/en/cms/employer/decodingglobaltalent.

Read also: Singapore Firms Prioritise Upskilling & Reskilling BUT Need to do More: Mercer’s New Study