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24 April 2008 Global Survey Report Raised Doubts: Are Singaporean Companies Losing Its Talents & Now, It's Leadership Capability? SHRI reveals more at Singapore HR Congress & Business-Connect Expo 1. Talent management appears to be on almost every Singaporean company’s agenda as disclosed by the global survey that reached out to more than 4,700 business leaders in 83 countries. This mammoth exercise to get insights into what business leaders and executives viewed about HR challenges globally through 2015 also revealed the need to improve leadership quality across the globe. 2. Singapore is experiencing labour shortage. The talent pool here is scarce and talented Singaporeans are drawn to big financial and legal institutions overseas. Increasing globalisation and competition has resulted in talent as the new source of competitive advantage. Most often than not, the success of a talent management strategy is closely connected to the belief and focus of the top leaders on this. 3. Both talent management and leadership improvement form the top two urgent challenges of not only Singaporean organisations, but also organisations from all over the world. These challenges pose serious problems for companies here. Companies who fail to address it may cause loss of knowledge and productivity. 4. Why are Singaporean employees attracted to the ‘world outside’ when paradoxically, multi-national corporations and global employers are attracted to Singapore to set up headquarters and offices? What can Singaporean companies do to provide a workplace where employees call it home as well? 5. These questions are no doubt that of the Congress participants as they hear for the first time in Singapore, the findings of The Future of HR survey where Singapore Human Resources Institute (SHRI) has the privilege of disclosing to over 1,000 participants, comprising market and HR leaders, practitioners and executives, from the 5th to 7th May at the Singapore HR Congress. This global HR survey was the work of The Boston Consulting Group (BCG) and the World Federation of Personnel Management Associations (WFPMA). SHRI has held the baton of the project in Singapore. Participants will get a complimentary executive summary of the full report. 6. On the 5th May, the Congress will feature a special presentation on the report “Creating People Advantage: How to Address HR Challenges Worldwide Through 2015”. Dean Tong, Senior Principal Consultant of Boston Consulting Group (BCG) will give a special presentation. He will share and discuss the intensity of the report and its impact on the HR industry in the near future, from local and global perspectives. 7. Mr Lee Yi Shyan, Minister of State for Trade and Industry, the guest-of-honour will grace the occasion. Also, take the chance to meet influential HR experts who will discuss pertinent HR issues and challenges including Leadership & Talent Management, Industry Best Practices and Global HR & Business.
8. Interview arrangements can be made with these speakers as well as other HR gurus present. The Congress programme and a copy of the executive summary of The Future of HR survey are appended for your information. 9. The Congress will also mark an important date in the calendar of SHRI with the introduction of SHRI Research Capability and its previous and recent works, which include the survey on the Provision of Dental Healthcare Benefits to Employees in Singapore. The survey results are conclusive to the extent of influencing policy making in the overall healthcare industry in Singapore.
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