Latest news with #DavidBlasco
Independent Singapore
18 hours ago
- Business
- Independent Singapore
Work-life balance is still top priority for Singaporeans after 3 years, though Gen X values pay a bit more
Photo: Depositphotos/ Shadow_of_light (for illustration purposes only) SINGAPORE: Work-life balance has remained the most important factor for Singaporean workers when choosing an employer for the third consecutive year, according to the Randstad Employer Brand Research 2025 report. The report surveyed 2,522 Singapore job seekers and employees across various sectors, including healthcare, information and communication technology (ICT), education, engineering, and finance. The survey, conducted by Randstad in partnership with research firm Kantar, was carried out between January and March this year through 14-minute online interviews with individuals aged 18 to 64. According to Malay Mail, citing the survey, Singaporeans across all age groups continue to value work-life balance the most. However, Gen X workers placed slightly more weight on financial compensation. They also place high importance on job security and working for a financially stable company. Still, only around half of the respondents said their current employers are meeting expectations when it comes to providing work-life balance. David Blasco, country director for Randstad Singapore, said work-life balance is likely here to stay for at least the next decade, as 'We will eventually have a job or have different income avenues, which makes work-life balance the true differentiating factor between employers.' Notably, work-life balance is closely tied to employee motivation and engagement, with those experiencing better work-life balance reporting higher job satisfaction and loyalty. On the other hand, poor work-life balance was one of the top reasons people considered leaving their jobs in the past year. Nearly half of all respondents also said they felt disengaged at work, and those who did were 60% more likely to consider leaving their jobs. /TISG Read also: Businesses should address burnout as an organisational problem, expert says Featured image by Depositphotos (for illustration purposes only)
New Paper
2 days ago
- Business
- New Paper
Work-life balance most valued for Gen Z, millennials and Gen X: Poll
Getting their work-life balance right is the most highly valued employment factor for workers in Singapore, no matter what the age, noted a new survey. It even surpasses other value propositions such as attractive salary and benefits, with job security, career progression and equity also trailing behind. The annual survey conducted by recruitment agency Randstad polled around 170,000 people in places like Japan, Belgium, India and Greece, including 2,522 in Singapore. It found that just over 50 per cent of employees here rated "work-life balance" and "salary and benefits" positively when evaluating their current employers. This indicates clearly that there is room for improvement in these two factors: While both are top priorities for employees, they are "rated relatively low" when assessing bosses. "With salary packages and benefits now highly competitive, work-life balance is emerging as a crucial differentiator for both attracting and keeping top talent," said Randstad Singapore country director David Blasco. Respondents across generations have differing motivators at work. While work-life balance and attractive salary and benefits remain the top two priorities for Gen Z (aged 13 to 28) and millennials (29 to 44), Gen X (45 to 60) place slightly more emphasis on compensation. The survey also found that equity - a desire to work in a fair and inclusive environment - is one of the most important factors for employees, particularly Gen Z. But employers' equity ratings here slipped from 2024, with only 53 per cent agreeing that their particular qualities are appreciated in the workplace, a 4 per cent fall from 2024. A decline in equity scores also signals lack of fairness and transparency in the workplace in areas such as hiring practices and offering opportunities to deserving employees. Other findings noted that while Gen Z prioritised strong training and development opportunities, Gen X looked for a financially healthy company. Older generations also tend to be more critical of their employers, especially when it comes to their expectations of a "pleasant work atmosphere". Mr Blasco said: "In the rush to meet targets and deadlines, the employee experience is often overlooked. "It's the small moments, such as being comfortable sharing different viewpoints, having chances to develop new skills or simply enjoying with teammates that truly enhance engagement. "These moments not only foster a positive atmosphere but also reduce the likelihood of employees jumping ship to search for better workplaces." Keeping employees motivated and engaged Work-life balance is also the main factor affecting how engaged or disengaged employees feel, the survey noted. The lack of recognition or appreciation for their work was consistently ranked in the top three across all generations as factors that discouraged staff. The report highlighted that Gen Z are the most engaged, with 68 per cent reportedly feeling motivated in 2025, followed by millennials at 61 per cent and Gen X at 58 per cent. On the other hand, wanting higher salaries and better benefits is the leading factor to prompt Gen Z (57 per cent) and millennials (54 per cent) to leave their current jobs. The lack of flexibility is also a factor, with 23 per cent citing it as a reason to make them quit. A separate Randstad survey found that 31 per cent of workers in Singapore would quit if they lacked sufficient flexibility. "As flexible work options and alternative income sources become commonplace, prioritising work-life balance is what truly sets employers apart from their competitors in the market," said Mr Blasco. Even though 49 per cent of respondents felt engaged, companies may already be losing the other half of their workforce, given that less engaged staff (18 per cent) are 60 per cent more likely to consider quitting than their engaged counterparts. Impact of artificial intelligence The use of artificial intelligence (AI) in the workplace has steadily increased year on year, with more frequent users among Gen Z and Gen X. Notably, millennials are scaling back on AI at work, with only 36 per cent reporting frequent usage, a slight decline from 2024. The report also noted that Gen Z feel most threatened by the increased use of AI, with 44 per cent saying it "has a considerable impact on my job". Another 6 per cent feel they may lose their job because of AI. Mr Blasco noted: "Singaporeans are increasingly viewing AI as a work companion, considering it a supportive tool rather than a threat to their job security. "Companies that highlight their AI achievements as part of their employer branding will stand out in attracting tech-savvy and digital-first talent."
Business Times
3 days ago
- Business
- Business Times
Singaporeans value work-life balance most in an ‘ideal employer': Randstad survey
[SINGAPORE] Work-life balance is the top priority for employees in considering an ideal employer, based on the latest edition of the Employer Brand Research Report released by Randstad Singapore on Wednesday (Jun 25). Good work-life balance remained the top priority for a third year, according to the recruitment agency's survey of 2,522 working-age adults in Singapore. This was followed by attractive salary and benefits, and then job security – also similar to past years. David Blasco, Randstad's country director for Singapore, said: 'With salary packages and benefits now highly competitive, work-life balance is emerging as a crucial differentiator for both attracting and keeping top talent.' The top two priorities were consistent across generations – Gen Z, millennials and Gen X respondents – though Gen Zs and millennials prioritised career progression over job security. Work-life balance is also the key motivator for employees to switch jobs. Among respondents who have changed or are planning to change jobs, 41 per cent seek to improve their work-life balance. A NEWSLETTER FOR YOU Friday, 3 pm Thrive Money, career and life hacks to help young adults stay ahead of the curve. Sign Up Sign Up This was followed by 36 per cent, who quit due to low pay and rising living costs; and 33 per cent, who want more career progression. Work-life balance key to employee motivation Having a strong work-life balance was also the top reason for respondents to feel motivated and engaged at work, cited by 41 per cent. This was followed by opportunities for growth, promotion and development, at 37 per cent; and a manageable workload, at 36 per cent. Meanwhile, the top reason for respondents feeling less motivated and engaged is the desire for higher salary or better benefits, highlighted by 45 per cent. This was followed by lack of recognition or appreciation for their work, at 41 per cent; and feeling undervalued and unsupported by their manager or colleagues, at 35 per cent. Blasco pointed out that 'it is the small moments, such as being comfortable sharing different viewpoints, having chances to develop new skills, or simply enjoying with teammates that truly enhance engagement'. These create a positive atmosphere at work and reduce the chances of employees switching jobs, he added. While work-life balance is a top-three motivator across all age groups, millennials prioritise it the most, with 44 per cent citing it as their primary motivation at work. Gen Z is most driven by career growth, with 37 per cent selecting it as their top motivator, and Gen X places the highest value on having a manageable workload.
