Rising cost of living is pushing more than half of Singaporeans to look for a 2nd job

Some are also seeking opportunities to work overtime or extra shifts.

As Singaporeans (46%) find it harder to pay their current living expenses, 59% of them have begun looking or are planning to look for a second job. 

According to Qualtrics, some of the workers (55%) are also seeking opportunities to work overtime or extra shifts to increase their take-home salary.

Meanwhile, others are either planning to speak with their employer about their salary (53%) or to look for jobs with higher salaries (65%).

In the face of rising costs, Singaporeans have also started to cut their spending on discretionary items and activities such as dining out (56%), retail and entertainment (54%), gym memberships (54%), and travel (54%). 

Many respondents also said they have switched to cheaper brands for staple and essential products (47%), and discretionary items (35%). 

“In the current macroeconomic environment, knowing what matters most to employees and customers is mission critical for every organisation. By understanding peoples’ needs, businesses and governments can deliver products, services, and support that positively impacts the people they serve, which will ultimately help them find and keep customers, attract and retain talent, and mitigate risk,” said Qualtrics’ Employee Experience Solution Strategist, Lauren Huntington.