Requirements and expectations have gone haywire.
There appears to be a mismatch between what employers are offering when looking to attract talent and what employees are looking for.
According to the The Towers Watson 2012 Global Talent Management and Rewards Survey, employees in Asia Pacific are more focused on competitive base pay, job security and convenient work location.
Employers, on the other hand, are emphasising other items, such as career advancement, challenging work, and the organisation’s mission, vision and values.
In Singapore, employees are most focused on competitive base pay, followed by job security and learning and development opportunities, while employers are emphasising job security, followed by career advancement opportunities and competitive base pay.
When it comes to retaining talent, both Asia Pacific and Singapore employers seem to have a better understanding, and are more aligned with employee views, with the top three drivers cited by both parties being base pay, career advancement opportunities and relationship with their supervisors/managers.
However, employers underestimate the impact of trust and confidence in senior leadership in retaining employees.
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