of hiring managers plan to recruit over the next 6 months.
of professionals in Singapore plan on actively looking for a new job in the next 6 months, - 23% down from last year.
of employers have lost out on hiring new talent in the last 6 months as they can’t compete on salary and benefits.
Only time will tell whether we see a surge of movement in 2024, like the ‘Great Resignation’ of 2021. However, if employees are not taken care of now, they will let this be known with their feet.
- Gurj SandhuManaging Director, Morgan McKinley Singapore
This is your opportunity to Go Beyond all expectations.
How can you be successful in the evolving talent landscape?
The top 5 hiring challenges companies will face in 2024.
of organisations in Singapore found hiring ‘Very’ or ‘Quite’ competitive in 2023. The main barriers for recruitment in 2024 are…
- Lack of skilled candidates available
- No budget to hire
- No sign-off for new headcount
- Employer branding not attractive
- Pay and benefits not competitive enough
What do people want? Key benefits to offer…
Employees in Singapore are not very satisfied with the benefits they receive, with 63% being ‘neutral’, ‘dissatisfied’ or ‘highly dissatisfied’ with their packages.
Offering strong benefits, both financial and non-financial, increases your chance of attracting and retaining top talent.
- Bonus
- Work from home
- Flexible working hours: Flexi-start, flexi-finish
- Health and wellbeing benefits and support
- Health insurance
Top 5 most desired benefits:
Flexibility is still high on the agenda.
Flexibility around working patterns remains a prominent request, yet 61% of organisations are asking staff to be in the office more regularly compared to this time last year.
Giving freedom around where and when your people do their work gives your attraction and retention a boost.
Up, down or flat? The state of salaries.
In a difficult market, employee engagement is key. It’s important you understand your people - their career goals and aspirations - to keep them engaged, and pay them appropriately for their work.
60%
of organisations kept their salary bandings level over the second half of 2023.
72%
of employers plan to increase salary offers in 2024 for certain, hard-to-fill roles.
60%
of professionals are optimistic that they will receive an increase in 2024.
2025 Singapore salary guide.
Explore salaries to find out how much you should be paying your employees or how much you could be earning this year.
Compare salaries
A full range of Talent Services...
Whether you need new people to scale up your teams, or you’re looking for specific skills to help your business react fast, our full range of talent services will deliver. We Go Beyond to find you the right people.
Advice for successful hiring.
Pay and Perks: Your Winning Talent Strategy
43% of businesses outlined ‘Can’t compete on pay and benefits’ as the main reason they have lost out on hiring new talent in the last 6 months.
5 reasons why hiring processes are putting off top talent
In the complex world of hiring, finding the right balance often feels like a juggling act.
Recruitment process: How to make better hires in 7 steps
In a tough hiring climate, it is important that your recruitment process is as good as it can possibly be if you are going to hire the most talented people.
