Mercer, a global consulting leader in advancing health, wealth and career, today announced the findings of its Singapore Employee Engagement Index: Insights to Enhance Workforce Productivity. The findings show that employee engagement in Singapore has declined consistently over the last three years — this is in stark contrast to the upward trend observed in employee engagement across the globe. Only 73% of Singaporeans are satisfied with the companies they work for compared to 82% of their global counterparts in 2016 [Figure 1].
In addition to that, Singaporeans are less likely to endorse their organizations as good employers — 76% of employees in APAC would advocate for their companies as good places to work, while only 68% of employees are willing to do so in Singapore.
“Improving employee engagement continues to represent a significant opportunity — not just for businesses but also for the economy as a whole, this is widely acknowledged.” said Kulshaan Singh, CEO of Mercer in Singapore. He added, “As then Finance Minister Tharman Shanmugaratnam noted in his 2014 budget speech, ‘Raising productivity is at the center of our economic agenda’. The decline is primarily due to the lower feelings of pride in and satisfaction with organizations and our analysis shows that such views are largely driven by the employees’ concerns about innovation and career development.”
An increasing number of employees in Singapore are not getting the right opportunities to learn and grow. Twenty percent of employees in the workforce say they are not receiving the necessary feedback from their immediate managers to improve themselves. Even more worrying is that one in three feels that personal career goals are difficult to meet in his or her organization. At the same time, 95% of employees in Singapore want to be recognized and rewarded for a wider range of contributions.
Although 85% of employees are proud of the products and services they currently offer, 30% feel their organizations are not continually innovating these products and services. Notably, one out of every three employees feels that the company doesn’t support the development of new ideas. This is in contrast to the strong government commitment and support around driving innovation.
Attitudes toward employee involvement are notably more positive in Singapore. Seven out of 10 employees feel they are sufficiently involved in the decision-making process on matters that may affect them as compared to 67% globally. Immediate managers play a critical role in this perception, with 80% of employees saying their immediate managers notify them of important information related to their work.
“Engagement represents the best opportunity for Singapore to optimize the human capital it has. If performance and productivity are a combination of individual talent and engagement, the best way to optimize talent is to ensure it’s engaged. Although this seems obvious, many organizations still struggle to build the work environment they need to fully realize engagement in the workplace,” concluded Mr. Singh.
Mercer’s Singapore Employee Engagement Index surveyed more than 42,000 employees in Singapore, representing various industries and jobs from global and local multinationals. It assessed employee engagement by measuring the level of pride, motivation and commitment employees have toward the organizations they work for.
You can view the entire report here: https://www.asean.mercer.com/our-thinking/career/singapore-employee-engagement-index.html
Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 22,000 employees are based in 43 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With more than 60,000 colleagues and annual revenue over $13 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.
Figure 1: Engagement trend over the last three years
Figure 2: Employee engagement across Asia Pacific