Keep your best talent by building an inclusive culture
Over 70% of employees in Singapore will consider leaving their job if there is a gender pay gap or inadequate Diversity, Equity, and Inclusion (DEI) policies that do not match up to their expectations.
According to the ADP Research Institute’s People at Work 2022: A Global Workforce View report, over 79% of employees between the ages of 18-24 consider the lack of DEI policies a consideration for leaving, while this applies to 55% of those above the age of 45.
While most employees in Singapore feel that their company has an equal mix of ethnicities and genders, only 29% consider the representation of people with disabilities to be adequate.
Employees also expect their company’s management team (48%) and HR department (48%) to spearhead a culture of diversity and inclusion within the organisation.
Yvonne Teo, Vice President of Human Resource, Asia Pacific, ADP, said, “Workers nowadays consider the corporate moral compass to be important. There is a permanent expectation among both current and future workers that companies that take DEI seriously as part of their corporate culture.
“There’s a high risk that failure to be proactive with DEI could act as a drain on talent. Employers place themselves at a disadvantage if they fail to seek out the best candidates from the widest pool.”