Future Workforce Factors to Fuel Business Growth in Singapore
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Transcript of Future Workforce Factors to Fuel Business Growth in Singapore
While millennials are expected to account for 75% of the global workforce by 2025*, business executives
aren’t thinking too much about attracting millennials*“Global generations: a global study on work-life challenges across generations,” Jan. 2015
Only 32% said attracting millennials was a “fairly significant” or “major” focus for their
organisations, according to surveySource: Research conducted by MORAR Consulting and commissioned by Epicor
This new study shows organisations aspire to meet next-gen workforce needs but worry about…
76% surveyed said ensuring access to all the information needed to do their jobs was
considered to be an important factor in retaining key staff
43% are concerned employees may leave due to work overload
One-quarter of execs surveyed said they struggle to retain the best staff, and 59% said they are concerned about staff retention
Over one-quarter of executives surveyed said they struggle to retain the best staff, and 77% said
they are concerned about staff retention
74% want to free valuable staff from mundane tasks
76% say automating technology processes is key
Technology leadership and a skilled workforce were amongst the top growth drivers cited, yet nearly 67% of
executives are not recruiting millennials for their organisations
Organisations can prepare for the global talent pool by incorporating social collaboration to make it easier for employees to transfer institutional knowledge, support effective employee onboarding and overall productivity
ERP solutions can help address the biggest talent management concerns that
business executives have today