FIRMS BRACE FOR FLEX WORK BOOM

Singapore Business Review - - FIRST -

For Sin­ga­pore­ans who find the prospect of work­ing at the com­fort of their own homes highly ap­pealling, more job op­por­tu­ni­ties may arise this year as 9 in 10 com­pa­nies are plan­ning an or­gan­i­sa­tion re­design in the next two years in or­der to adapt to the flex work boom, Mercer re­vealed in its 2018 Global Tal­ent Trends Study. Cur­rently, only a dis­mal 3% of HR lead­ers say that flex work is vis­i­bly present in their or­gan­i­sa­tion, even if 82% of ex­ec­u­tives say that it is core to their Em­ployee Value Propo­si­tion (EVP

“More or­gan­i­sa­tions will be­come more re­spon­sive to em­ploy­ees, such as women with young fam­i­lies, by pro­vid­ing per­ma­nent flex­i­bil­ity in work­places, so that they do not stand to lose a valu­able tal­ent pool,” the re­port said. Vidisha Me­hta, ca­reer so­lu­tions leader - South & East Asia, IMETA at Mercer noted.

Call for di­ver­sity

“Given the age­ing pop­u­la­tion in Sin­ga­pore, en­sur­ing a di­verse tal­ent pool in the work­force for all life stages is both a busi­ness and a so­ci­etal im­per­a­tive. In­tro­duc­ing per­ma­nent flex­i­bil­ity in work­places is chal­leng­ing for or­gan­i­sa­tions in tra­di­tional in­dus­tries such as man­u­fac­tur­ing, as it in­volves of­fer­ing flex­i­ble work­ing hours and con­tract work­forces to project-based free­lance staff. Op­tions also in­clude bor­row­ing tal­ent from re­lated sec­tors, clients and ven­dors, as well as crowd­sourc­ing op­tions,” Me­hta said.

As 43% of ex­ec­u­tives pre­dict at least one in five roles in their or­gan­i­sa­tion will cease to ex­ist in the next five years, be­ing pre­pared for job dis­place­ment and reskilling is crit­i­cal for or­gan­i­sa­tional sur­vival, Mercer added. Yet, only 38% of com­pa­nies are in­creas­ing ac­cess to on­line learn­ing cour­ses and the same num­ber (38%) are ac­tively ro­tat­ing tal­ent within the busi­ness. “To find pur­pose, em­ploy­ees crave move­ment, learn­ing, and ex­per­i­men­ta­tion,” Mercer said.

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