S1E6: The Great Renegotiation: What do workers want? - Work Talk

Synopsis: Every first and third Monday of the month, get our tips on working smarter, getting ahead in your career and investing like a pro with ST's business correspondents and editors. More than half of Singapore employees may quit their jobs this year if expectations of pay rise, career development, flexibility and more are not met, show surveys.  At the same time, economic numbers show that employers are facing spiraling prices, supply chain difficulties and fears of a global recession - while struggling to hire and keep workers in the tight labour market. The battle of many jobs and few talents is especially tough for small and medium enterprises (SMEs), which hire 70 per cent of the local workforce.    In this episode, ST's journalists Krist Boo and Tay Hong Yi host Mr Kurt Wee and Mr Donavan Cheah to talk about what workers expect, what bosses want - and the opportunities one could get from working at a SME.  Mr Wee is the president of the Association of Small & Medium Enterprises. Mr Cheah is a cybersecurity executive and the founder of podcast Very Clear Cut. Highlights (click/tap above): 04:23 Young professionals tend to think there are more opportunities "outside" and want to make bigger impact 07:43 SMEs offer young workers hands-on work and experience of initial growth 15:00 It is a partnership, but employees also have a right to ask for career progression 19:18 When will the job market stabilise? 25:32 What can an employer do to be exciting enough for an employee to commit five years? Register for ST's Head Start newsletter:  https://str.sg/stnewsletters Produced by: Krist Boo ([email protected]), Tay Hong Yi ([email protected]), Ernest Luis, Teo Tong Kai and Eden Soh Edited by: Teo Tong Kai Follow ST's new Your Money & Career Podcast channel here: Channel: https://str.sg/wB2m Apple Podcasts: https://str.sg/wuN3 Spotify: https://str.sg/wBr9 SPH Awedio app: https://www.awedio.sg/ Read Krist Boo's Column: https://str.sg/wB2P Read Tay Hong Yi's Column: https://str.sg/w6cz Website: http://str.sg/stpodcasts Feedback to: [email protected]  --- Discover more ST podcast channels: In Your Opinion: https://str.sg/w7Qt Asian Insider: https://str.sg/JWa7 Health Check: https://str.sg/JWaN Green Pulse: https://str.sg/JWaf Your Money & Career: https://str.sg/wB2m ST Sports Talk: https://str.sg/JWRE #PopVultures: https://str.sg/JWad Music Lab: https://str.sg/w9TX Discover ST Podcasts: http://str.sg/stpodcasts Discover BT Podcasts: https://bt.sg/pcPL --- Special edition series: The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2 Invisible Asia (9 eps): https://str.sg/wuZn Stop Scams (10 eps): https://str.sg/wuZB Singapore's War On Covid (5 eps): https://str.sg/wuJa --- Follow our shows then, if you like short, practical podcasts! #moneycareerSee omnystudio.com/listener for privacy information.