What are the most cumbersome HR issues that encompasses Singaporean companies?
According to a survey by the Singapore Business Federation (SBF), 7 in 10 businesses struggle with hiring individuals with the right skills or attitude. All businesses in Singapore believe that hiring the right person is essential to facilitating business growth.
According to the leadership and organizational development institute Roffey Park, there are a few ways that businesses can mitigate this issue.
Firstly, they need to define what skills and attitudes they want. This can help to narrow down the right people for their company, ensuring the best possible fit through talent acquisition
Secondly, businesses need to ensure that they are attractive to their desired candidates. To attract new talent, the company needs to know how to what people want. This can include performance management, setting Key Performance Indicators (KPI) and including better incentives.
Research done by the Harvard Business Review in 2019 found that workers typically look for the following things: holistic workplace wellness, support for professional development and a good working environment and culture. These can be implemented through the such as employee value proposition. For instance, companies can include performance bonuses, flexible work schedules and holidays.
Another way that HR can help to retain talent is to in employees. Allowing employees to learn and develop their skills enables them to grow with the company, inspiring loyalty in employees as well as ensure access to niche skills that the company requires. In fact, the institution’s research has also shown that a lack of growth and development opportunities are the most cited reason for why employees leave their post.
To ensure that you have the right HR structures and systems in place to recruit and retain the right people in the right position, Prime HR would like to partner with you on the issue you are facing right now.