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.
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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.”