Latest news with #Randstad
Independent Singapore
19 hours ago
- Business
- Independent Singapore
Over 40% of Singapore workers have either changed jobs or plan to do so soon: Survey
SINGAPORE: A recent survey conducted by Randstad, the world's largest human resources company, has revealed that more than 40% of employees in Singapore have either changed jobs or plan to do so within a 12-month period. The findings, based on responses from approximately 2,500 individuals, highlight a growing sense of restlessness in the workforce—particularly among professionals in the financial and technology sectors. The key driver behind this trend, according to the survey, is a lack of flexibility in work arrangements. Despite widespread adoption of hybrid work models in recent years, many employees are now being asked to return to the office more frequently—a move that appears to be sparking dissatisfaction. Randstad noted that while many employers have implemented flexible work policies, there remains significant room for improvement. In addition to the demand for flexible working arrangements, financial pressures are also motivating employees to seek new opportunities. The survey cited higher living costs and the desire for better salaries as secondary factors fueling job-switching activity. 'Beyond salary and benefits, companies and HR professionals in Singapore have other options to enhance employees' sense of belonging and address the talent retention challenges they face,' a spokesperson for Randstad Singapore said, emphasizing the importance of workplace culture and employee engagement in today's competitive labor market. While the desire to move is high, not all sectors are seeing a smooth path to re-employment—particularly in the information technology field. According to the survey, only 11% of IT job seekers managed to secure new positions in the second half of 2024, pointing to a tightening labor market. This comes amid the rapid development of artificial intelligence, which has reshaped hiring priorities across the industry. Experts point to a notable shift in recruitment trends within the tech sector. Voluntary turnover remains high at 15.1%, while involuntary turnover—such as layoffs or contract terminations—has remained relatively stable at around 4%. Analysts suggest that this disparity could indicate an oversupply of talent or a mismatch between available skills and the requirements of current roles. As Singapore's job market continues to evolve, both employers and employees may need to recalibrate their expectations. For companies, this could mean rethinking talent strategies to align with employee values. For workers, especially those in tech, it may involve upskilling or re-skilling to stay competitive in a rapidly changing landscape.
Axios
2 days ago
- Business
- Axios
A defense-tech perfect storm brews in Europe
If there's any moment Europe should double down on its own defense, it's today. The big picture: European policymakers don't trust Russian President Vladimir Putin to stop at Ukraine, and they can no longer count on the U.S. to protect and arm its NATO allies indefinitely. There's suddenly a lot more money for defense, and a keen interest in accelerating domestic manufacturing. NATO boss Mark Rutte called for a 400% spending increase for air-and-missile defenses, arguing a "quantum leap" is necessary to remain relevant. Meanwhile, President Trump bangs the burden-sharing drum. Stateside defense-tech companies are looking to expand. Chatter of Europe's rearming could serve as a springboard. Driving the news: There is a distinct national-security twist to this year's Paris Air Show, among the highest-profile aerospace get-togethers in the world. Defense News reported that 45% of the show is dedicated to defense and security — a "strong increase" from the previous show in 2023. But there is little Pentagon presence. "We're hearing this directly from European countries: 'We don't know if we can rely on the United States to actually supply us weapons,'" Firestorm Labs CEO Dan Magy said in an interview. "So how they're solving that problem is they're desperately looking to onshore or near-shore — whatever you want to say — their manufacturing." Inside the room: Analysts and executives Axios chatted with see urgency, opportunity and nuance. "The issue for European countries is less about finding the money and resources for defense ... and more about how to spend the funds effectively and in ways that ensure European defense readiness, technological edge and sovereignty, and deterrence, while ensuring interoperability with allies and partners," Federico Borsari, an expert at theCenter for European Policy Analysis, told Axios. "As Europeans rethink and modernize the continent's entire defense ecosystem," he said, "it's essential to avoid following a marketing-centric and techno-fetishist approach." Trae Stephens, a partner at Founders Fund and the executive chairman at Anduril Industries, separately told Axios there are "tremendous opportunities in Europe." Anduril and Germany's Rheinmetall on Wednesday announced a partnership through which European variants of the Barracuda missile and Fury robo-wingman will be produced. Solid rocket motors are on the table, too. Stephens said he would "love to see" one of his company's Arsenal mega-factories "built in continental Europe." (Its first, Arsenal-1, will be erected in Columbus, Ohio.) Yes, but: All these good omens could unravel because of the most universal of challenges: workforce. Competition for top tech talent and skilled tradesmen haunts industries and militaries alike. "It is increasingly clear that Europe faces critical talent scarcity," Randstad CEO Sander van 't Noordende told Axios. (Randstad is among the world's largest recruitment-and-staffing businesses.) "Increased defense spending, while a strategic necessity, will be severely limited without a corresponding investment in human capital," he said. "The growing mismatch between defense investment and workforce readiness demands urgent action." Van 't Noordende in a piece for Fortune this month said Europe has more than 17 million "skilled professionals in adjacent industries" who could make the jump to defense with proper guidance. The bottom line: Increased resources for defense in Europe are a good thing, as "we're stronger together than we are separately," Sen. Jeanne Shaheen (D-N.H.) told a small group of reporters at the air show. "It's been a priority of this administration in the United States, obviously, to increase European defense spending, and we're seeing a response to that." "If you combine the United States with Europe — whether it's on the economic front or the national security front — we are a lot more formidable," she added. "That's how we should be operating."
Yahoo
3 days ago
- Business
- Yahoo
Personalization, belonging, and development: Randstad unveils employees' new professional expectations
MONTREAL, June 17, 2025 /CNW/ - In 2025, offering a job is no longer enough. Employers must offer meaning. In a market shaped by fierce talent competition and economic shifts, the world of work has experienced a profound transformation in recent years: employees are no longer just looking for a good salary or a title. They want a job that reflects their personality and lifestyle. This is confirmed by the latest findings of the Workmonitor survey, conducted by Randstad, which paints a picture of what motivates employees to work for a company and keep their jobs. For the first time since its creation, the survey reveals that salary is no longer the main driver of motivation. Here's what really makes the difference today: Personalization What today's employees are looking for is a job that matches their personal values, pace of life and ambitions. Flexibility, work-life balance, and internal growth are no longer "extras" — they are basic expectations. 44% of respondents said they would turn down a job if the company's values didn't match their personal values. 2. A strong sense of belonging Talent is looking for a healthy, inclusive environment based on trust and authenticity. 89% of respondents say they want their workplace to feel more like a community and 86% of them perform better at work when they feel like they belong. No place for toxic workplaces, either! 42% of respondents say they have already quit their job for this reason. 3. A company that invests in their future Employees want fair access to training and ongoing skills development, particularly in AI and emerging technologies, as well as opportunities for professional reskilling. 39% of survey respondents said they might refuse a job if it offered no development opportunities. For more information on the new trends shaping the world of work, visit Randstad Canada website or consult the survey summary. About Randstad Randstad is the world's largest talent company and a partner of choice to clients. We are committed to providing equitable opportunities to people from all backgrounds and helping them remain relevant in the rapidly changing world of work. We have a deep understanding of the labor market and help our clients to create the high-quality, diverse and agile workforces they need to succeed. Our 46,000 employees around the world make a positive impact on society by helping people to realize their true potential throughout their working life. For more information, visit INFORMATION : Randstad Canada Facebook | LinkedIn | Instagram | YouTube | TikTok INTERVIEW REQUESTS :Iris WeiAgence Canidé(819) 598-0167iris@ SOURCE Randstad Interim Inc. dba Randstad Canada. View original content: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Cision Canada
3 days ago
- Business
- Cision Canada
Personalization, belonging, and development: Randstad unveils employees' new professional expectations Français
MONTREAL, June 17, 2025 /CNW/ - In 2025, offering a job is no longer enough. Employers must offer meaning. In a market shaped by fierce talent competition and economic shifts, the world of work has experienced a profound transformation in recent years: employees are no longer just looking for a good salary or a title. They want a job that reflects their personality and lifestyle. This is confirmed by the latest findings of the Workmonitor survey, conducted by Randstad, which paints a picture of what motivates employees to work for a company and keep their jobs. For the first time since its creation, the survey reveals that salary is no longer the main driver of motivation. Here's what really makes the difference today: Personalization What today's employees are looking for is a job that matches their personal values, pace of life and ambitions. Flexibility, work-life balance, and internal growth are no longer "extras" — they are basic expectations. 44% of respondents said they would turn down a job if the company's values didn't match their personal values. 2. A strong sense of belonging Talent is looking for a healthy, inclusive environment based on trust and authenticity. 89% of respondents say they want their workplace to feel more like a community and 86% of them perform better at work when they feel like they belong. No place for toxic workplaces, either! 42% of respondents say they have already quit their job for this reason. 3. A company that invests in their future Employees want fair access to training and ongoing skills development, particularly in AI and emerging technologies, as well as opportunities for professional reskilling. 39% of survey respondents said they might refuse a job if it offered no development opportunities. For more information on the new trends shaping the world of work, visit Randstad Canada website or consult the survey summary. About Randstad Randstad is the world's largest talent company and a partner of choice to clients. We are committed to providing equitable opportunities to people from all backgrounds and helping them remain relevant in the rapidly changing world of work. We have a deep understanding of the labor market and help our clients to create the high-quality, diverse and agile workforces they need to succeed. Our 46,000 employees around the world make a positive impact on society by helping people to realize their true potential throughout their working life. : Randstad Canada INTERVIEW REQUESTS : Iris Wei Agence Canidé (819) 598-0167 [email protected] SOURCE Randstad Interim Inc. dba Randstad Canada.
South China Morning Post
5 days ago
- Business
- South China Morning Post
Work-life balance top reason for Hongkongers quitting jobs, survey finds
The primary motivation for Hongkongers who have quit their jobs or are considering resignation is the desire to improve their work-life balance, a recent survey has found, with the proportion rising 5.9 per cent year on year. The annual study, commissioned by major recruitment agency Randstad, surveyed more than 170,000 people globally, including 2,599 in Hong Kong, through online interviews. Among the Hong Kong respondents, 40 per cent were millennials, born between 1981 and 1996, and 20 per cent belonged to Generation Z, born after 1997. According to the results, 38.3 per cent said that 'improving work-life balance' had been one of the motivations for quitting their jobs, while the proportion last year was 32.4 per cent. Other top reasons this year included 'pay does not meet rising cost of living', which was picked by 27.3 per cent of respondents, while 25.2 per cent linked their departure to receiving 'an offer I could not refuse'. Benjamin Elms, managing director at Randstad Hong Kong, said the definition of work-life balance had evolved significantly over the past couple of years. 'What began as a desire to work from home has quickly expanded to include autonomy in managing priorities, having reasonable workloads, clear direction from leadership and good relationships with managers and colleagues,' Elms said.
