Implementing fair and merit-based employment practices makes good business sense and is also the right thing to do. Here are some reasons why your company should be fair.
Access to Wider Talent Pool
Finding the right people with right skills and ability is essential. By hiring fairly and based on merit, organisations are assured that they have access to the widest pool of candidates. This is especially important as Singapore’s local workforce is declining. There is a need to tap on older workers and women to fill the manpower shortage.
Increased Productivity and Staff Retention
When employers attract, retain and develop employees based on merit, ie ability and skill rather than age, gender, or skin colour, you ensure that the best available person get the job. In this way, you maximise the abilities and potential of employees as well as help to raise their morale and reduce turnover. Read how Wing Tai Holdings Limited, hires on merit ensures that they have a large group of loyal employees.
Innovation and Tapping into New Markets
Organisations that adopt fair employment practices are better able to attract talent from different backgrounds, leading to the formation of a diverse workforce. A diverse workforce is beneficial to increasing innovation and creativity within the organisation, resulting in new ideas, new products and different ways of doing things.
Improved Customer Satisfaction
Having a diverse workforce comprising different background such as age, gender and race will help the organisation better understand the needs of the different customers and market segments. Read how Shell Eastern Petroleum has benefited from having a diverse team when developing their loyalty programme in Singapore.
Deployment Flexibility
Having a diverse workforce has its advantage especially during festive and holiday periods where organisations are able to minimise scheduling conflicts. By employing people from diverse ethnicities, organisations will have more flexibility in maintaining the right staff levels during the different festive holidays.
Be an Employer of Choice
Organisations that gain a reputation for embracing fair employment practices will find it easier to attract and recruit employees. They will also enjoy a good reputation which help in creating a positive impact for on their sales and customer satisfaction levels.
Fair Employment is also the right thing to do.
So, hire on merit, be a fair employer.
Sign the Employers’ Pledge of Fair Employment Practices and join other progressive employers in making Singapore one of the best places in the world to work in! |