A 62% majority of women are planning to seek employment at new jobs within the next year, according to a recent survey by Monster.com in Singapore. What’s more, another 19% of respondents were still undecided.
With reasons ranging from the lack of support for working mothers to workplace conflicts with employers, there are many factors as to why women want to call it quits at their current jobs. However, most women are motivated by a strong desire for work-life balance and in achieving their career aspirations.
Here are the top three reasons why women will leave their jobs this year:
1. Lack of opportunities for career growthThe perceived lack of career progression at their current jobs is the biggest reason why women are seeking employment elsewhere, with 33% of respondents chiming in with this. It’s critical to note the lack of visibility for measures that are already in place to support women in achieving their career aspirations is equally as detrimental as the absolute lack of a proper talent development programmes.
As anyone will transition through different life phases, employers should help mothers in balancing their family priorities without neglecting their professional needs. An organisation with a great talent retention strategy will also take the future aspirations of employees into account. This includes tapping into their latent interests, experiences, and skills.
2. Seeking salary increment or promotionThe opportunity to make more money or receive a promotion is also important to working women, and 29% of the respondents indicate the lack of a pay rise or promotion as their reason for leaving their jobs within the year. Despite the prevalence of a persistent gender pay gap in many industries, this goes to show that women are fiercely grounded in their professional ambitions, and would proactively seek employment at businesses that commensurate fairly for their experiences.
Echoing the sentiment of Education Minister Ong Ye Kung, equal opportunities should be presented to both men and women based on their merit – beginning with changes in mindset that expect women to bear more household than work responsibilities.
3. Flexible work arrangementsAs the general work population shifts towards placing a greater emphasis on work-life balance, 13% of women highlight not being afforded flexible work arrangements as a reason for quitting. The traditional 9 to 5 is quickly losing its appeal among employees, especially for working mothers who are torn between family and work commitments. The flexibility to accommodate an individual’s schedules are also increasingly popular among working adults, enabling them to pursue personal interests and aspirations.