Wednesday, February 12, 2014

Is money the main motivator for Singapore's talent?

What is the main motivator for Singapore's top talent?

According to a survey by Morgan McKinley, a global professional services recruiter connecting specialist talent with leading employers across multiple industries and disciplines, MONEY IS NOT THE MAIN MOTIVATOR FOR SINGAPORE’S TOP TALENT.

So what must Singapore businesses do to retain top talent?

It said that Singapore businesses need to consider more than boosting basic salary levels if they want to keep their top talent.

So what are Singapore job seekers motivated by?

Morgan McKinley’s latest Singapore job seeker survey shows that professional job seekers are motivated more by opportunities for career progression than by money – nearly two thirds cited lack of career progression as their main reason for leaving a job

What proportion of job seeker leave solely based on dissatisfaction with basic salary?

Only 12% surveyed were motivated to leave solely based on dissatisfaction with their basic salary.

How much salary hike does it take for an employee to job hop or jump ship?

Tuesday, February 4, 2014

Break the 12 worst money habits

A recent Business Insider article talks about the below 12 worst money habits:

1) Buying lunch... and coffee and snacks everyday
2) Neglecting to get the best rate
3) Not prioritising high-interest debt
4) Neglecting to take advantage of a 401(k) match (while US-relevant, it can be applied to things like the CDA account match in Singapore)
5) Carrying a credit card balance
6) Paying a premium for your vacation
7) Saving your savings goals for last
8) Overpaying on entertainment
9) Setting and forgetting about your savings
10) Dining out to the detriment of your budget
11) Paying the price for last-minute holiday purchases
12) Forgetting about gift cards

For how much you can save and how to break them,