SINGAPORE - Seven organisations - including Ritz-Carlton, Far East Hospitality and DBS Bank - were named best employers in Singapore for 2016, scoring high with their employees in areas like providing better career opportunities and better leadership, a new survey has found.
The Aon Hewitt survey, released Friday (Sept 2), also found that rising salaries and critical skill shortage continued to bog down chief executive officers as top people risks to the market in these challenging times. Poor availability and selection of talent also arose as a top three people risk.
The Ritz-Carlton, Millenia Singapore was named Best of the Best Employers in the study, with American Express Singapore, DHL Express Singapore, Mundipharma and OCBC Bank rounding up the top seven.
DBS, OCBC and Far East made the list for the first time, the study said.
National Kidney Foundation was recognised as the best Voluntary Welfare Organisation - a newly-introduced special recognition category, while Berries World of Learning School (TCC) was best in the Small Medium Enterprise category.
The best employers stood out by 27 points higher engagement score than the market average, as well as achieved 18 per cent higher revenue and 11 per cent higher profit than market average, the study found.
Employees at these organisations were 1.3 times more likely to feel their firm offers excellent career opportunities, 1.2 times more likely to feel their senior leadership treats them as an asset and 1.3 times more likely to feel well-recognised, said the study by Aon Hewitt, the global talent, retirement and health solutions business of Aon.
"Best employers focus on enabling talent strategies to drive business results across the entire employee life cycle, from pre-recruitment to exit," said Mr Jeremy Andrulis, chief executive Aon Hewitt, Southeast Asia. "Critical skills shortage and poor availability of talent are the top people issues faced by CEOs in Singapore today," he added.
The survey, which includes participants from a variety of industries' like finance, F&B, hospitality, pharmaceuticals etc, also named Marriott International Singapore as Aon Best Employer through its Global programme for 2016.
In addition, American Express, DBS Bank, FedEx Express Asia Pacific, and The Ritz-Carlton Hotels and Resorts, Asia Pacific were recognised as Aon Regional Best Employers in Asia Pacific 2016.