The flip side of the Great Resignation: Having to work longer before retiring
SINGAPORE - A wave of resignations during the Covid-19 pandemic as disgruntled employees quit unsatisfactory working conditions is expected to delay retirement for some who left their jobs in what has been dubbed"The Great Resignation", according to a poll by insurer Prudential Singapore.The survey was conducted in April with respondents aged between 25 and 50.
But Mr Will Tan, managing director of Principle Partners, a specialist financial service executive search firm, said job switches should not be considered only in dollars and cents and that such moves may well add a very fulfilling six more years of working life for some.One example is Mediacorp actress Felicia Chin, who iswhere she is likely to earn less but hopes to inspire others who are down and out.
Ms Jaya Dass, managing director of recruitment firm Randstad Malaysia and Singapore, is observing a similar trend of job seekers open to trying new work and pushing themselves beyond their comfort zone. But Principle Partners' Mr Tan said there are some professionals who are also starting to regret their decisions to switch jobs, as their quality of life drops after doing so.Many who leave their jobs also do so without proper financial planning for retirement - the Prudential survey found almost half of the respondents were unprepared.
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