New! Mercer’s 2019 Global Talent Trends Report

According to Mercer’s 2019 Global Talent Trends study, nearly all (94%) of executives in Singapore predict significant disruption in the next three years, compared to 25% in 2018. As executives focus on making their organizations “future-fit”, significant human capital risks – including the ability to close the skills gap and overcome employee change fatigue – can impede transformation progress. Addressing these concerns is paramount, given that less than half of executives rate their company’s ability to mitigate human capital risks as very effective. In today’s climate of uncertainty, employees seek stability. Mercer’s study finds that job security is one of the top three reasons employees in Singapore joined, and stay at, their company. Yet, one in two employees are concerned that AI and automation will replace their job. Download the whitepaper to discover more insights into our four talent trends.

• Mercer’s 2019 Global Talent Trends study identifies four top trends shaping the future of work
• Nearly 60% of companies in Singapore are planning to invest more in automation this year, but less than one-third have good insights into the business impact of their buy, build, borrow, and automate strategies
• Singapore employees are asking for more clearly defined responsibilities, yet job redesign is low on the C-suite agenda which could potentially have a significant impact on business performance
• An organization’s total rewards philosophy is one area where brand values can shine: Thriving employees are four times more likely to work for a company that ensures equity in pay and promotion decisions (74% vs. 18%)
• This year’s study found 64% of HR leaders in Singapore are involved in executing major change projects, but only half (54%) participated in the idea generation stage of transformation initiatives.

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