The 2020 COVID-19 Labour Pulse Survey was commissioned by Randstad Singapore, and surveyed 638 of locally-based employees between 26 June 2020 and 5 July 2020. The survey aims to understand the local workforce’s sentiments about the employment market this year, including the challenges and experiences of job seekers thus far.
The survey revealed that 51% of respondents are actively looking for another job in the next 12 months. Of the 51% of respondents, 25% said that they are looking to change their career or industry that they work in, while 19% said that the pandemic has resulted in them being retrenched.
With companies ramping up their digital infrastructure, a great number of jobs being digitised or displaced as a result. Employees whose job responsibilities have been drastically altered may hence be motivated to enter new industries that are perceived to be more recession-proof or can provide a greater level of job security, such as healthcare and technology.
69% of respondents willing to take on professional contract jobs or project-based jobs
Though many would perceive that contracting jobs are not as stable as a permanent position, many are starting to see it as a viable option during these trying times.t least till one is able to secure a permanent position, contract jobs can ensure income stability .
More companies are offering term-based or project-based roles to fulfill urgent skills and talent needs. Mid-career switchers can take this opportunity to gain relevant skills and experience, especially if it’s an industry or company they would like to build their career in.
Fresh graduates or people who have been retrenched may want to consider accepting a contracting role as an opportunity to gain experience, as companies come to grips with the pandemic.
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