Human Resources (HR) is an integral part of any organisation. In Singapore, the HR industry has been evolving rapidly in recent years, driven by technological advancements, changing work environments, and the need for a more diverse and inclusive workforce. In the years leading to 2030, what are the Top HR trends in Singapore?

  1. Digital Transformation: The HR industry is increasingly adopting digital technologies to streamline processes and enhance efficiency. The use of HR analytics, cloud-based HR management systems, and AI-powered chatbots for recruitment are becoming popular in Singapore. This trend is expected to continue, as companies seek to improve productivity, reduce costs and stay ahead of the technology curve. Some HR jobs will be displaced in the process. 
  2. Corporate Wellness: The pandemic has highlighted the importance of employee wellbeing, and companies are now investing more in mental and physical wellness programmes. This includes offering flexible working arrangements, virtual fitness classes, health and wellness programmes and counselling services. Some companies are also using technology to monitor employee health and stress levels. Corporate wellness talks are now an integral part of HR calendar in major companies. 
  3. Gender Diversity: The trend for gender diversity in leadership will continue in the years ahead. All things being equal, more women will be appointed to senior leadership positions. Examples include OCBC Bank CEO Helen Wong, EDB MD Jacqueline Poh, STB CEO Melissa Ow, Sentosa CEO Thien Kwee Eng, Shell Global Deputy Chairman Euleen Goh, UBS Bank Global Board Director Jeanette Wong and China-based Ping An Insurance Co-CEO Jessica Tan.  During Feng Shui Period 9, which runs from 4 February 2024 to 4 February 2044, we will see more women rising to powerful positions across the world as part of this broad gender diversity trend. More gay leaders such as Apple billionaire CEO Tim Cook and Facebook’s first outside investor billionaire Peter Thiel will also rise to the top of their industry. 
  4. Remote and Flexible Work: The recent pandemic has forced companies to adopt remote and flexible work policies. Many companies in Singapore have recognized the cost benefits of remote work and are likely to continue offering flexible work arrangements post-Covid.  This will require companies to invest in technology and develop management strategies that can enable productive remote work. Foe example, “Work-From-Home” (WFH) for as many days as possible is now a pre-requisite for millenia job seekers. According to research by Raffles Leadership Centre, WFH shortens perceived working hours and gives employees more time and flexibility to do other personal things on the side Eg part-time studies, sideline business, hobbies, sexual wellness, kids and elderly parents , etc. In effect, WFH becomes a currency much like salary and bonus. 
  5. Agile HR: The fast-paced business environment in Singapore requires HR departments to be agile and responsive to change. Agile HR involves adopting flexible and adaptable HR processes that can quickly respond to changing business needs. This includes cross-functional teams, rapid prototyping, and continuous feedback loops.
  6. Talent Acquisition: The tight labour market in Singapore has made talent acquisition a priority for companies. Recruitment strategies that focus on candidate skills, employer branding, and diversity and inclusion are becoming more common. Companies are also using AI technology to automate recruitment processes and improve candidate matching.
  7. Gig Economy: The gig economy is growing in Singapore, with more people choosing freelance and part-time work over traditional employment. Companies are responding by offering gig workers more flexibility and benefits, such as access to training and development programs. The gig community is a critical component of the 21st century labour force and HR must know how to leverage it.
  8. Government Involvement: The government in Singapore has made the national SkillsFuture movement a centrepiece of its national manpower development policy. Therefore the government will use SkillsFuture as a mechanism to exercise more control over training programmes in the country by supporting, endorsing and funding only training programmes linked to the national agenda. Although NTUC Learning Hub, a government-owned training organisation, is the main provider of SkillsFuture training programmes, the national SkillsFuture launch also attracted a very large group of newbie training providers eager to tap the close to $1 billion free-for-all SkillsFuture fund provided by the Singapore government. With generous SkillsFuture government funding, companies will not want to invest in corporate training on their own accord and this could reduce corporate training to a commodity. Nonetheless, HR professionals in Singapore must be knowledgeable about all aspects of SkillsFuture in order to be valuable HR business partners to their stakeholders. Read about SkillsFuture here. 
  9. Sustainability: Sustainability is becoming increasingly important to companies in Singapore, and HR has a critical role to play in achieving sustainability goals. Companies are adopting sustainable practices, such as reducing carbon emissions, minimizing waste, and promoting ethical sourcing. HR can support these efforts by promoting sustainable work practices and developing sustainability-related training programs.
  10. Artificial Intelligence: AI is becoming increasingly important to HR departments in Singapore. Companies are using AI to improve recruitment processes, manage employee performance and predict workforce trends. HR departments are also using artificial intelligence to develop personalized learning and development programs.

The HR industry in Singapore is rapidly evolving, driven by technological advancements, changing work environments, and the more dynamic needs of a diverse workforce. Companies that stay ahead of these trends are likely to attract and retain top talent, improve productivity, and remain competitive in the marketplace. For cool HR jobs in Singapore, you may want to visit this weblink to HR jobs in Singapore