(Singapore, August 15, 2023) – Some 42% of male workers in Singapore, compared to 34% of females, report feeling insecure in their jobs, according to a new ADP workforce report.
The report, “People at Work 2023″, which surveyed over 1,900 workers in Singapore, has also revealed that employees between the ages of 25 and 34 feel the most vulnerable in their jobs.
However, the report does not specify whether all respondents are Singaporeans.
“The higher job insecurity among male workers could point to male figures still being viewed as the primary breadwinners in households,” said Yvonne Teo, Vice President of HR, APAC, ADP.
“With the spate of layoffs at high-profile companies and talk of AI replacing people’s jobs, workers are bound to be feeling concerned about their job security.”
The findings come as job cuts form headlines across many sectors, including tech and professional services. Other challenges likely contributing to job insecurity include new and emerging technology such as AI and machine learning, with the impact on current jobs still widely unknown.
“It is also worth noting that employees’ perception of job security may not be reflective of the actual financial or automation state of the company, so it is important for employers to continuously build trust,” she said, noting that employers need also assure their staff that they are valued, that their efforts are recognized, and provide development opportunities to prepare for the future.
When it comes to job security across industries, the People at Work report shows that workers in the Media/Information industry are most likely to say they do not feel secure in their jobs (50%), followed by those working in Construction (48%).
“In fact, workers must embrace and accept that AI and machine learning will be common fixtures in the workplace. To stay relevant in the workplace, it is vital for workers to commit to lifelong learning, upskilling and reskilling,” Teo said.
“By supporting workers in their training and development requirements, building trust in the workplace, and ensuring an inclusive, engaging workplace culture, workers are likely to feel much more positive towards the company they work for.”
