FIRMS BRACE FOR FLEX WORK BOOM
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.