SINGAPORE - Fast food giant McDonald's Restaurants was named "Best of the Best" employer in Singapore in global HR management and consulting firm Aon Hewitt's ranking of the best employers here for 2015.
American Express International, Hongkong Land and Tan Tock Seng Hospital were among those named "Best Employer Singapore 2015" in an awards ceremony and learning conference on Friday.
There were also awards for categories in hotels, and small and medium enterprises (SMEs). Goodrich Global clinched the title of best employer in the SME space, for instance.
Aon Hewitt said its 3 criteria for Best Employer are:
1. The organization inspires strong commitment and superior performance from its people;
2. It drives business results through effective people practices; and,
3. It manages its business in ways that build long-term success and sustainability.
"Best employers clearly achieve better business results compared to market," said Mr Jeremy Andrulis, South-east Asia's chief executive for Aon Hewitt Consulting. "We found that (the) best employers in Singapore achieve significant higher growth in their income profits when compared to market average."
"This makes becoming a 'Best Employer' a business agenda and not just an HR agenda," he added.
McDonald's Restaurants was named Outstanding Best Employer in the firm's 2011 study.
Aon Hewitt said its Best Employers study was first conducted in Asia in 2001, to learn about companies that are creating real competitive advantage through their people, find out what makes a workplace of choice and to identify the best employers in the region.
It is run in 12 markets including China, Singapore, and New Zealand, and conducted over a nine-month period.