Younger workers are less willing than their older counterparts to accept lower pay or a smaller work role for the benefit of their family or personal life, a study by the Institute of Policy Studies (IPS) released on Monday (Jan 16) has shown.
The study showed that just under half of those aged 35 to 54 and 53 per cent of those aged 21 to 34 are willing to make this trade-off between more family and personal time, and lower job status.
In comparison, more than six in 10 respondents aged 55 and above are willing do so.
The study, titled "Survey on Singapore workforce’s preparedness for the future of work, their work aspirations and perceptions of social mobility", polled 1,010 working adult Singaporeans aged between 21 and 84 in October last year.
Its aim was to understand "how Singaporeans are likely to fare in jobs of tomorrow and where vulnerabilities may lie", a press release on the study said.
Other issues it sought to uncover include whether Singaporeans are mentally prepared for the future of work, whether they possess critical core skills, and what matters to Singaporeans at work.
Dr Chew Han Ei, senior research fellow at IPS and a co-author of the study, said: "We conducted this survey to understand how prepared Singaporean workers are to survive and succeed in a global landscape facing disruptions and major restructuring, as well as our ageing demographic."