Putting People First
October 12 • Singapore
In Singapore, like other SEA countries, HR has undeniably become one of the most important figures inside businesses. Not only did they have to be at the forefront in challenging times, they also took care of redesigning frameworks and restructuring processes for optimum business operations efficiency.
In coming up with retention strategies, it‘s crucial to make it work – overall employee experience, engagement programs, diversity & inclusion, culture, employer branding, talent retention, and even corporate wellness which in Singapore, employee welfare is one of the next HR trends to look forward to, hence the increasing level of investment in this area. In another, working from home is also one of the trends in Singapore, like other countries in SEA. A survey by ManpowerGroup Outlook revealed that in the country, it is expected for HR teams to work remotely in the future at 24% who were surveyed while there were 65% who would expect to be in a hybrid working arrangement. And while remote working has become beneficial for many employees and employers, surprisingly, the percentage of “remote workers‘ decreased from 71% in 2021 to 58% in 2022” which can be attributed to a 43% of respondents of a different study who said that they enjoy face–to–face interaction with colleagues.
The Great Resignation, as it is widely called, has created a great war for talent across businesses. Singapore is not spared and its HR industry is noted as the third highest to likely see attrition at 71%. As this rate goes up, it‘s not inevitable that one of the reasons include ‘rewards and benefits‘. At the onset of crises, many businesses had to freeze several salary increments and incentive programs. According to a study by Randstad, “7 in 10 survey respondents in Singapore ranked ‘attractive salary & benefits‘ as the most important employee value proposition.” Another notable emphasis made was on tech upskilling due to the continuous increase in the scarcity of talents with proficiency in technology, automation, and analytics, creating a gap in many areas of processes. To address this, the Singapore government partnered with a particular provider offering a program and training that improves digital skills like cloud technology and digital marketing.
As many parts of the world transition back to the way they used to operate and as businesses recuperate from their losses, they are taking a look back on the areas that were halted due to the drastic effects of the restriction.
On its 12th, Rockbird Media‘s HR Leaders Asia 2022 is back in Singapore for all HR practitioners to get to grips with fellow experts and leaders as the pressing issues and concerns that revolve around the workforce continue to change the landscape. Through a format that values time and an agenda with relevant content, we bring you an experience beyond compare.
Low Peck Kem
CHRO & Senior Director (Workforce Development) Singapore Public Service Division, Prime Minister's Office
Cheif Administration Officer - Human Resources, Asia Pacific HSBC
Cheif Human Resources Officer, The Coca Cola Company
First Vice President Group Head of Human Resources, Yeo Hiap Seng Limited
Senior Vice President & Head of Human Resources State Bank of India, Singapore
Agenda At A Glance