S1E6: The Great Renegotiation: What do workers want? - Work Talk

Jun 5, 2022

30:30

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Synopsis: Every first and third Monday of the month, get our tips on working smarter, getting ahead in your career and investing like a pro with ST's business correspondents and editors.

More than half of Singapore employees may quit their jobs this year if expectations of pay rise, career development, flexibility and more are not met, show surveys.

At the same time, economic numbers show that employers are facing spiraling prices, supply chain difficulties and fears of a global recession - while struggling to hire and keep workers in the tight labour market. The battle of many jobs and few talents is especially tough for small and medium enterprises (SMEs), which hire 70 per cent of the local workforce.

In this episode, ST's journalists Krist Boo and Tay Hong Yi host Mr Kurt Wee and Mr Donavan Cheah to talk about what workers expect, what bosses want - and the opportunities one could get from working at a SME.

Mr Wee is the president of the Association of Small & Medium Enterprises. Mr Cheah is a cybersecurity executive and the founder of podcast Very Clear Cut.

Highlights (click/tap above):

04:23 Young professionals tend to think there are more opportunities "outside" and want to make bigger impact

07:43 SMEs offer young workers hands-on work and experience of initial growth

15:00 It is a partnership, but employees also have a right to ask for career progression

19:18 When will the job market stabilise?

25:32 What can an employer do to be exciting enough for an employee to commit five years?

Produced by: Krist Boo (kristb@sph.com.sg), Tay Hong Yi (hytay@sph.com.sg), Ernest Luis, Teo Tong Kai and Eden Soh

Edited by: Teo Tong Kai

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