SINGAPORE: Getting ahead in career and finances means giving up some personal time and work-life balance.
This is the mindset of most employees (65%) surveyed in Singapore recently, with more than half of them planning to make exactly those sacrifices. The survey by job portal Indeed also indicated that 74% of the workers believed Singapore was one of the most competitive workplaces globally.
Indeed’s data further showed an increasing discrepancy in the perceptions between Millennials and Generation Z, and between Generation X and Boomers. The first group was seen to be less keen on following the previous generation in sacrificing personal goals for careers and salaries.
The survey found that 35% of the young workers (16 to 24 years old) surveyed were looking for more flexible jobs, and only 17% of those between 45 and 54 years old were doing the same.
Despite agreeing with earlier generations that hard work was necessary to progress, Millennials and Generation Z employees were still less willing to do it. Almost half (46%) from the 16 to 24 age bracket sacrificed time for better pay, while almost six in 10 (59%) of those in the 45 to 54 years old did so.
"One explanation for the increasing gap between generations we see in this research is that younger workers are less confident that hard work will bring the benefits previous generations had," Nishita Lalvani, Senior Manager, Marketing at Indeed Southeast Asia and India explained.