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23 Sep 2008 MANAGING A DIVERSIFIED WORKFORCE – IS DIVERSIFY LEADERSHIP THE WAY TO GO?
Survey reveals that leadership is becoming even scarcer resources than before, and that more needs to be done to help Singaporean leaders to improve leadership and embrace diversity.
1. In the era of a diverse workforce, employers are primarily concerned with obtaining high levels of performance, through creating workplace synergy among the employees. Creating a conducive working environment is becoming more challenging for many employers here as they deal with generational diversity issues and the changing employment landscape. Coupled with the increasing number of global talents joining the Singaporean workforce, the issue of managing diversity has taken centrestage.
2. Why is managing diversity an important aspect of leadership? In a recent study conducted by the Singapore Human Resources Institute (SHRI), leadership development is a vital element in a globalised work environment. And according to a study co-conducted with the Boston Consulting Group and SHRI earlier this year, leadership improvement is an urgent challenge for Singaporean companies.
3. In today’s workforce, companies need capable leaders to examine the impact of diversity and culture on individuals and organisations. Diversity can be a source of competitive advantage and leaders who leverage on diversity will be able achieve successful business outcomes. 4. The study highlighted that only 38 per cent of the 272 respondents acknowledged that Singaporean leaders are embracing diversity. Seventy-seven per cent respondents said that Singaporean leaders are not capable of motivating and enabling staff to achieve both individual and corporate goals and 81 per cent highlighted leadership qualities as important criteria to consider during promotion.
5. As Singapore plugged itself into the global grid and fitting into the globalised economy, this aspect of embracing diversity and leadership improvement are crucial. Singaporean leaders must be able to adapt to the changing employment landscape and new workforce demography. Managing diversity effectively within the company will help to ensure better business performance and avoid high turnover rate.
6. Findings of the SHRI Leadership study titled Managing Diversity & Bridging Communication Gap will be released on 25 September 2008 at the SHRI HRD Conference. The findings will help companies, employers and HR practitioners to better manage the mutli-cultural dynamics in a workplace and employ effective ways to diversify leadership. Another interesting part of the survey that will be highlighted is The Neuroscience of Leadership.
7. Please note that the full report will only be ready by 10 October 2008.
Below are the event details: Event: SHRI HRD CONFERENCE Date: 25 September 2008 Time: 0900 – 1100 Venue: Grand Plaza Park Hotel, City Hall 8. We cordially invite you and your media colleagues to attend the event. For more information, please contact Zuraida (zuraida@shri.org.sg / 9610 3408) or YingYing (yingying@shri.org.sg / 9437 5527) or both at 6438 0012 (office). We look forward to your presence. Thank you.
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