Nine out of ten Singaporeans want to work for multinational companies (MNCs), with nearly three out of every five currently seeking for work or wanting to do so in the next six months.
This was one of the significant findings of Globalisation Partners’ (G-P) multinational Growth Report: The Rise of the Everywhere Workforce, which discovered that 93% of Singaporeans are looking for possibilities to join multinational organisations, much outperforming the global average of 79%. Over 90% of Singaporeans feel that businesses actively hiring globally offer better opportunities for furthering their professional careers.
The appeal of working for a worldwide firm stems from the impression that global MNCs thrive in a variety of areas, including creating and supporting foreign clients (61%), adopting and implementing cutting-edge technologies and tools (59%), and recruiting top people (52%). Many respondents stated a desire to work for MNCs because of the possibility of greater pay and benefits (62%), more opportunities to travel or work overseas (62%), and even exposure to a culturally varied work environment (53%).
These findings come as Singaporean firms continue to suffer a rising skills shortage, forcing an increasing acceptance of recruiting practices that cross national borders. Recognising work preferences and cultivating essential leadership qualities, such as establishing clear boundaries for employees across different countries regarding work arrangements, fostering inclusive leadership that promotes cultural sensitivity training across different regions, and adopting flexible leadership approaches to successfully manage an everywhere workforce, were highlighted by survey respondents.
Charles Ferguson, General Manager of G-P Asia Pacific, said, “Embracing a global mindset, thinking beyond geographical boundaries and creating a workplace culture that fosters international collaboration will not only help overcome talent limitations but also position organisations in Singapore for sustainable growth and success in an increasingly interconnected world.”
