59% of Singaporeans believe in job loyalty: Survey

59% of Singaporeans believe in job loyalty: Survey

According to a survey by Hays, 59 per cent of Singaporeans believe in job loyalty, and are prepared to stay more than five years. 30 per cent of them said they will stay up to five years.

POSTED: 16 Nov 2015 10:35 UPDATED: 16 Nov 2015 10:39

SINGAPORE: Close to 60 per cent of Singaporeans want to stay with an employer for more than five years, according to a survey by recruiting company Hays.

In a press release issued on Monday (Nov 16), Hays said that 59 per cent of Singaporeans believe in job loyalty and are prepared to stay more than five years, and 30 per cent of them said they will stay up to five years. The final 11 per cent of them like to change employers every one to two years.

“Most Singaporeans at heart do believe in job loyalty,” said Lynne Roeder, Managing Director of Hays in Singapore. “The job for life mentality is long gone, but so too is the mindset of job hopping regularly. Today almost 60 per cent of us want to stay with our employer for five years or more suggesting that, for most of us at least, stability, security and loyalty are important.

“Given this, it’s up to employers to ensure they create the environment in which employees can remain. After all, people want to stay with their employer long term, but they also want their careers to continue to develop and thrive."

Ms Roeder said that this means employers need to provide all staff with ongoing training and development, reviews, and promotional opportunities. They also need to deliver what they promised in the recruitment process so that the reality of working at their organisation matches what they promoted when they were attracting top talent.

However, Ms Roeder added that it is important to "recognise when it's time to move on".

"Loyalty is a noble quality, but it should not be at the expense of your own career advancement. Employers need to make sure the two go hand in hand."

1,183 Singaporeans were surveyed in the poll that was conducted between August and October 2015.

- CNA/wl

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CPF Board at Robinson Road relocates to Novena Square

CPF Board at Robinson Road relocates to Novena Square
CPF says the relocation will free up prime office space in the Central Business District for higher-value uses.

POSTED: 16 Nov 2015 10:47

SINGAPORE: The corporate operations of the Central Provident Fund (CPF) Board at the CPF Building at 79 Robinson Road will relocate to Novena Square Towers A and B from Nov 23.

In a news release on Monday (Nov 16), CPF said the relocation will free up prime office space in the Central Business District for higher-value uses. The CPF Building at 79 Robinson Road has been put up for sale through a tender and bids are currently being evaluated.

According to CPF, the move does not affect the CPF Service Centre at 79 Robinson Road which will continue to operate on the second floor of CPF Building until further notice. The customer hotline (1800-227-1188) and email (member@cpf.gov.sg or employer@cpf.gov.sg) also remain unchanged.

The new CPF Board corporate address at Novena Square is:

238B Thomson Road
#08-00 Tower B Novena Square
Singapore 307685

- CNA/xk

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Private home sales jump 60.1% in October

Private home sales jump 60.1% in October

Property developers sold 546 new private residential units last month, up from the 341 units sold in September, according to data released by the Urban Redevelopment Authority.

POSTED: 16 Nov 2015 15:14 UPDATED: 16 Nov 2015 15:45

SINGAPORE: Sales of new private homes jumped 60.1 per cent last month.

Excluding executive condominiums (ECs), developers of private homes sold 546 units in October, up from the 341 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16).

The rise in sales came as developers launched 434 units last month, an 11 per cent increase from the 391 units launched the previous month.

When ECs are included, developer sales rose to 822 units last month compared with 629 units in September.

However, the number of ECs sold was 4 per cent fewer than the previous month, at 276 units. This was in line with the drop in launches, which was 505 units in October, compared with 525 units in September.

The Criterion was the only EC launched last month, which sold 41 out of its 505 units at a median price of S$805 per square foot.

- CNA/av


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Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

- wong chee tat :)

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

- wong chee tat :)

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

- wong chee tat :)