Introduction

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Navigating career changes can feel daunting, but platforms like FastJobs and Singapore's thriving job market make it easier. Singapore, a global business hub, offers numerous job prospects despite a rising unemployment rate.

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However, average salaries are steadily increasing, projected to reach $7,310 per month in 2024.  Initiatives like the Progressive Wage Model aim to uplift wages for skilled and manual workers. FastJobs plays a pivotal role in connecting jobseekers with diverse job openings across sectors like retail and food & beverage, prioritising reliability and efficiency. For non-executive jobseekers, the appeal of immediate hiring lies in its promise of stability and opportunity.

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It's crucial to recognise that jobseekers prioritise immediate hiring as it offers stability and opportunity, reflecting the urgency in today's job market. In this article, we'll explore why jobseekers place such importance on immediate employment:

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1) Paying Bills Immediately

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Average workers have regular expenses such as electricity, water, and groceries. For example, a single person's estimated monthly expenses (excluding rent) can amount to SGD 1,512.40, while a family of four may spend at least SGD 5,473.50 monthly. Prompt employment is sought after to ensure a comfortable standard of living.‍

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2) Applying for Loans / Grants

Financial institutions often require a certificate of employment from individuals seeking loans or grants. This document assures lenders of an applicant's financial capacity to repay borrowed funds. Moreover, some companies adjust lending amounts based on monthly income. Given these requirements set by banks, lending firms, or government agencies, it's understandable that jobseekers prefer employers who can offer immediate employment opportunities.

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3) Staying On Track With Short-Term and Long-Term 

Unemployment can derail both short-term and long-term plans, whether it's travel aspirations or applying for an HDB BTO. Quickly securing a job empowers jobseekers to pursue their life goals and stay aligned with their aspirations.

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4) Decreased Psychological Distress

Unemployment can take a toll on both physical and mental health. The absence of employment disrupts daily routines, reduces social interactions, and diminishes one's sense of purpose, all of which are crucial for maintaining psychological well-being. Financial instability, coupled with the loss of social identity, can exacerbate feelings of anxiety and depression in individuals who are unemployed.

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Conclusion

Understanding the urgency of immediate hiring is essential for employers seeking to support jobseekers' financial stability, long-term goals, and mental health. By prioritising immediate hiring, employers can address the immediate needs of jobseekers while also contributing to their overall well-being and productivity.

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Ready to connect with qualified candidates eager to join your team? Start posting your job openings on FastJobs today and find the perfect match for your company's needs!

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