Salary Not The Biggest Driver Of Job Satisfaction For Singaporeans, Says Survey
Qualtrics, a data collection platform, found that salary is not the biggest driver of satisfaction among Singapore employees.
The survey, which surveyed over 6,000 working professionals around the world, found that the main drivers for job satisfaction in Singapore were:
- Confidence in the company’s senior leadership team
- A helpful manager for resolving work-related issues
- Receiving sufficient training
“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,” said Qualtric’s head of Southeast Asia, Foo Mao Gen.
The findings of the survey also suggested that Singapore workers had the lowest levels of job satisfaction. Less than 49% of Singaporeans were satisfied with their current jobs, compared to the global employee job satisfaction average of 62%.
On the other hand, Singapore workers also had the lowest levels of work-related stress.
Work-life balance was also an important factor in employee retention. 71% of workers who were content with their work-life balance also indicated that they will remain in their jobs. 81% of those who were dissatisfied said they would leave.