A significant number of workers in Singapore intend to change jobs in the coming year, according to a new report by recruitment firm Hudson, in the latest sign of tight labor conditions in the city-state.
In its '2014 Salary & Employment Insights' report for Singapore, Hudson said that about 40 percent of workers surveyed have changed jobs in the last two years while about 71 percent are currently on the hunt for a new employer.
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"My feedback to a lot of organizations is that if you look around your room, 71 percent of people you are staring at are actively or passively looking for a new role and of that 71 percent, 87 percent expect to have a new job in the next 12 months," Andrew Tomich, executive general manager for Hudson Singapore, told CNBC. "For Singapore, this is a relatively high number."
Unemployment in the Southeast Asian state stands at 1.8 percent, well below levels in most developed countries. The unemployment rate is about 3.3 percent in Hong Kong and 4 percent in Japan.