Fostering diverse local and foreign talent requires engaging their hearts and minds
Diverse teams often underperform because people of dissimilar backgrounds clash. Singapore employers need to attract, retain and groom talent from all backgrounds fairly and equitably.
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AS a long-term Singapore resident, I was uplifted by the recent National Day Rally speech. I myself have benefited from Singapore’s economic growth, having relocated to Singapore in the mid-1990s when its financial markets were booming. I have stayed in Singapore because of the career opportunities my firm offered me and the friendships I built.
Being a small city-state with low population growth, economically, we need to be able to attract the best and brightest talent, particularly in areas of higher growth.
Studies have shown that diverse talent can improve organisational, team and individual outcomes, as well as profits, performance, creativity, engagement and wellbeing. In addition, it can increase innovation and service.
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