A recent study by Morgan McKinley indicates that 55% of Singaporean professionals are actively seeking new employment opportunities in 2025, highlighting a fiercely competitive job market. This trend is compounded by the fact that 80% of employers are finding it challenging to attract talent due to uncompetitive salary and benefits packages.
The Morgan McKinley 2025 Salary Guide reveals that 50% of hiring managers plan to recruit within the next six months, intensifying the competition for skilled workers. The guide also notes that 85% of organisations found hiring to be ‘Very’ or ‘Quite’ competitive in 2024, with 63% of professionals expressing dissatisfaction with their current benefits.
Flexibility remains a significant concern for employees, yet many companies are increasing in-office requirements. Only 15% of organisations offer 1-2 remote workdays per week, whilst 39% require 3-4 days in the office, 35% mandate full-time office attendance, and 11% offer fully remote options. This shift towards more in-office work may clash with employee expectations.
Compensation strategies are under scrutiny, with 60% of organisations maintaining static salary bands in late 2024. However, 56% of employers plan to increase salaries for hard-to-fill roles, reflecting a necessary adjustment to attract talent. Despite this, only 50% of professionals expect a pay rise in 2025.
Andrew Evans, COO of Morgan McKinley Asia Pacific, stated, “The Singapore job market is currently experiencing a period of intense competition for talent. Organisations must adapt to evolving expectations of professionals to avoid missed hiring opportunities.”
The Morgan McKinley 2025 Salary Guide provides comprehensive salary data for various roles, aiding hiring managers in making informed compensation decisions and offering professionals insight into their earning potential.
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