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Two memorable
experiences stood out for me – one with my CEO and the other was with my
Chief HR Officer. The experience with my CEO occurred during his closing
address at one of my company’s leadership development programs. His simple
question was “What’s next?” This simple question if reflected and acted upon
earnestly, will prevent us from being complacent and drive us to
conscientiously think ahead always.
The second experience was a conversation with our CHRO during this year’s HR
leadership meeting. When asked what words of wisdom she could offer to guide
us into 2011, she said “Always stay close and relevant to the business”,
which we all knew was meant to inspire us to continue to add value and be
strategic partners to the business.
If I may add, I would say, “Stay close to doing what you love, stay relevant
and ahead by developing future capabilities needed to be successful in the
near future”.
Mr Christopher Goh Associate Lecturer, SHRI Academy
44th Joint Graduation Ceremony
SHRI RESOURCES >>
Research Reports
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!
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