A recent report from Globalization Partners (G-P) reveals that 93% of Singaporeans are expressing interest in joining global corporations, driven by the pursuit of better pay and enriched professional experiences. The inaugural “Global Growth Report: The Rise of the Everywhere Workforce” indicates that this interest among Singaporeans surpasses the global average of 79%.
The respondents, drawn from Singapore, cite several reasons for their inclination towards multinational companies:
– The prospect of improved pay and benefits (62%)
– Opportunities to travel or work abroad (52%)
– The appeal of contributing to a culturally diverse work environment (53%)
The survey highlights additional advantages associated with global corporations, such as their success in generating and supporting international clients (61%), their adoption of cutting-edge technology and tools (59%), and their ability to attract top talent (52%).
A significant 90% emphasise the importance of organisations with well-defined boundaries
Despite this trend towards global companies, Singaporean employees maintain specific preferences for their employers. A significant 90% emphasise the importance of organisations with well-defined boundaries, considering them “necessary and non-negotiable.” Leadership qualities also play a crucial role in job seekers’ considerations, with 49% expressing the importance of leaders making in-person visits to all global regions, and 53% expecting leaders to be sensitive to different time zones and languages.
Employees value leaders who exhibit:
– Adaptability and flexibility (63%)
– Cross-cultural communication skills (59%)
– Creativity and problem-solving abilities (57%)
– Empathy and compassion (57%)
The report’s findings coincide with the challenges faced by employers in Singapore, who are grappling with recruitment difficulties. More than half (58%) of Singaporean employees are either actively seeking new roles or planning to do so within the next six months.
Charles Ferguson, General Manager at G-P Asia Pacific, suggests that Singaporean businesses would benefit by adopting a global mindset. He emphasises the importance of thinking beyond geographical boundaries and creating workplace cultures that foster international collaboration, positioning businesses for sustainable growth and success in an increasingly interconnected world.