1. Does your organisation provide generational education / awareness; talent
development planning for executives; mentoring/coaching for key technical
and operational roles?
2. Does your organisation's talent development support personal wellness,
financial/retirement planning, mentoring, coaching, online wellness course,
classroom developmental training, support for industry, university or other
external training?
3. What are your top priorities when it comes to recruiting, developing and
retaining workers in your organisation?
4. How would you rate your organisation's ability to recruit/retain key
experienced workers?
Be certified with
SHRI
Academy in HR, Finance and Business.
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Bouquets
“I must say
that
SHRI Singapore HR Congress was an enjoyable and memorable
experience for me. I have learnt more information about human resource
management as well as getting to bond with my classmates. It was certainly
an eye opener because I saw many different foreign leaders who are experts
in the field of human resource management.”
Harnessing the Potential of Gen Y Workforce in Singapore
The
Singapore Human Resources Institute (SHRI) has conducted
a study in an effort to gather information on the Gen Y
workforce in Singapore.
The
Generation Y is a potential pool of talent that Singapore
can bank on in today’s tight labour market. Ranging from the
age of 14 to 30 years old, they have a reputation for being pampered and
high-maintenance. Nurture under a different education system, they are
an educated group, boast high self-confidence and are tech-savvy.
This
study attempts to understand general characteristics,
strengths, weaknesses, opportunities and threats, likes and
preferences of Generation Y’s in Singapore. It is also a
reflection of perspectives on Generation Y from their
parents and non-GenY bosses and colleagues. The
study attempts to discover ways to harness the potential of
Generation Y workforce in Singapore.
A summary of
the key findings
Gen Y
represents approximately 20% of the economically active
population of Singapore.
Gen
Y’s in Singapore are confident, restless, tech-savvy and
prefer an unconventional approach.
Gen
Y’s biggest fear is losing their family while their
bosses and colleagues feel Gen Y’s biggest fear is to
lose their job.
27%
of Gen Y respondents have yet to identify their
profession of choice.
57%
of Gen Y respondents earn less than SGD 1500 and spend
less than SGD 500.
Tobacco/alcohol, mobile phone and food are listed as top
three items that Gen Y prefer to spend the most.
45%
of Gen Y respondents would prefer a Gen X supervisor.
Gen
Y’s are mostly intrinsically motivated.
Gen
Y’s score low in the General Role Stress index.
Parents, non-Gen Y colleagues and bosses have
conflicting perceptions about Gen Y than Gen Y
themselves, which could be a threat!
