- Article
- Growing a business
- The Future of Work
Hybrid Working
Singapore firms are gearing up for a post-pandemic workplace with investment earmarked for developing more collaborative workspaces, building employees’ skills, and enhancing the firm’s ESG credentials, a global HSBC survey has revealed.
The findings come from HSBC’s Navigator: Future of Work report, a survey of 2,130 business leaders globally1, including over 200 respondents in Singapore.
Navigator provides the inside track into what business decision-makers around the world are thinking, feeling and planning, and is designed to help you identify fresh opportunities for growth.
Our recent report launched in October 2021 explores the future of work in Singapore, revealing how companies are planning to meet the changing needs of their workforce in the post-pandemic world.
The future is hybrid
According to the report, 53% of firms in Singapore say hybrid working will promote innovation, compared to 65% of global firms. As a result, business leaders are placing high priority on creating environments that foster and enable innovation (36% SG vs 33% global), that lead to greater collaboration (44% SG vs 39% global) and which enable people from around the world to convene (37% SG vs 30% global).
Whilst we’re still in the throes of the pandemic, it’s clear from the survey that Singapore business leaders have an eye on the future of work in order to continue carving out a commercial edge when borders and commerce fully re-open. Leaders know that in order to retain their competitive edge, they must reprioritize investment in tools, skills and environments to spur creativity and innovation. Moreover, it’s clear firms see ESG and digital as skills of the future and are pivoting their training emphasis in this direction.
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Business Perspectives
As we look ahead to a world of hybrid working, hear from businesses in Singapore about how they are investing in their workforces to encourage creativity and innovation.
Next Gen Foods is a Singapore headquartered global food manufacturer of plant based foods.
"We established and built Next Gen Foods and launched our first brand TiNDLE during the pandemic. Working remotely and efficiently has been the most critical enabler of that. Equipping people with the tools they need is essential and having work processes built around trust and empowerment drives engagement and performance. Our teams feel trusted and supported and they regularly exceed our expectations."
Regular virtual team meetings for our projects and to socialise and exchange experiences and ideas, is driving exchange of ideas and driving innovation. They are also a way to show support and care at times when people sometimes feel a bit disconnected from others.
We are investing in our talent acquisition to take time to find people with a strong cultural fit, who are mission aligned, competent and fun. Our people define our culture and we are very passionate about keeping that at our core as we grow.
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Apeiron Agrocommodities is a Singapore-based trading and consulting company focusing in Bioenergy, as well as related agricultural and chemical products.
"Apeiron will continue to hire diverse talents especially those with multi-language skills and ability to handle the different cultural terrains across the 10 countries we operate in in Asia. Functioning in today's hybrid world means that travelling overseas is difficult and most communication is done online. This means we need to have an even more diverse workforce."
This spurs successful interactions between our teams in various countries often with different mindsets, which would in turn cultivate more innovative solutions.
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Primech A&P Pte Ltd is a Singapore based facility services providers across Southeast Asia.
"Hybrid working is the new norm and definitely here to stay. To foster creativity with a hybrid working environment, we need to start by thinking out of the box. We encourage brainstorming sessions among our staff, in order to bounce off good ideas and learn from each other."
Our culture is also an open one, whereby we give our employees an avenue to voice out innovative solutions and feedbacks, no matter how small it is. We celebrate individuality, yet work together as a family.
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1 Across 10 markets: UK, USA, UAE, India, Hong Kong, Singapore, China, Mexico, Australia, Germany