Achieving positive employee wellbeing goes beyond remuneration
There has been a shift towards more flexible and hybrid working models over the past few years to improve work-life integration and employee productivity. Randstad, however, indicated that this is not quite the case now as remote work has adversely affected employee workloads and communications.
The employment agency observed that some organisations have tapped into financial aid and mental health leaves to address these challenges, but these measures might not be sufficient to retain talent and ensure that employees are satisfied with their jobs.
Thus, Randstad advised employers to place a high priority on the mental wellbeing of their employees. For instance, its recommendation was for organisations to build flexible and agile workforces, while focusing on learning and development as a means of enhancing the employer brand.
The responsibility for upskilling and reskilling the workforce should not just lie with management but should involve line managers who are familiar with the skills gaps and needs of their teams, Randstad said.
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In addition, Randstad noted that organisations in Singapore are committed to meeting the country’s objectives for environmental, social and governance (ESG), and to building a top talent hub through initiatives such as the Overseas Networks and Expertise (ONE) work pass.
This, according to Randstad, will help attract high-level talent and leaders to the republic and create opportunities for the local workforce through knowledge transfer and the creation of innovative learning ecosystems.