Job switching in growth sectors not merely driven by salaries: industry players

A RECOVERING economy nudged more people into switching jobs last year – but pay was not the only factor, said manpower agencies and employers. Work-life balance was another common reason.

Job switching hit a six-year high in 2022, noted the annual Labour Force in Singapore report from the Ministry of Manpower (MOM). A survey that it conducted from April to July showed that 16.8 per cent of employed residents had changed jobs in the last two years.

More workers in some “growth sectors” changed jobs within the last one year, compared with other sectors. At the top was the information and communications sector – 18.1 per cent of workers there switched jobs in the last year, up from 14 per cent in the 2021 survey.