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Money Mind – Increasing Employee Retention
While employees in Singapore may not be resigning at a similar rate as their US counterparts during the Great Resignation wave, EngageRocket says organisations should not be laid back and take attrition lightly. Studies found that employee engagement levels are low in Singapore, despite it being a significant predictor of employees’ intent to stay in the organisation.
Here are four strategies to improve employee retentionEngageRocket released the Turning the Great Resignation into Better Retention in Singapore report, which showed how Singapore was unaffected by The Great Resignation, a trend in Western countries and Australia. Data from the Labor Market Survey conducted by the Ministry of Manpower showed the resignation rate in the third quarter of 2021 was at the same level as the first quarter of 2020, which stayed at 1.7%. Read more
Commentary: Why companies don’t seem to get what employees really wantSurveys are showing that employee engagement is low, there’s a growing number who are thinking of resigning and money alone is not enough. What accounts for the continued gap in mismatched expectations? EngageRocket’s Co-founder Leong Chee Tung weighs in. Read more
Managers can become the champions of culture.Aligning expectations between what employees want and what employers are able to give is the first step toward addressing this challenge. 77% of people say they would prefer to work for a company that gives them flexibility, yet not all employers know what it takes to be flexible. Read more
The Great Resignation hasn’t hit Singapore’s shores, but companies need to remain alertThe report highlights a data-driven approach to determine the effect of The Great Resignation in Singapore and what companies can do to brace for its impact. Read more
Known as the “angpao exodus”, employees tend to wait until receiving their large annual bonus pay-out, which happens typically around the Lunar New Year, before they resign and this may lead to increased rate of resignation across companies. Learn more
TREND: More than 80% of employees wish to continue working from home post-Circuit Breaker
EngageRocket, the leading Asian employee engagement and performance software, today announced releasing daily updates on the Pulse of the Singapore Workforce, leveraging aggregated and anonymised data from thousands of employees’ survey answers. Read more.
EngageRocket, the fastest-growing Asian employee engagement and performance software, today announced a S$3 million investment to strengthen its presence in Southeast Asia (SEA). The transaction was led by Qualgro, a regional VC based in Singapore. Existing investors SeedPlus, Found. Ventures and JobsCentral co-founder, Huang Shao-Ning, were among those who increased their investment into the company. This brings the total funding raised by the company to S$4.5M. Read more | Read the Indonesian version | Read the Thai version
EngageRocket, the Asian leader employee engagement analytics provider, today introduced new advanced analytics capabilities that provide real-time intelligence to organizations. With an ever-increasing diverse and dispersed workforce, maintaining a high level of engagement and a cohesive culture is becoming a real challenge. Shifting from a traditional organization to an adaptive and agile workplace encourages leaders to move their talent strategies to the next level. Read more
With the ethos of Getting It Right Together, EM Services aspires to provide the best experience to their most valuable assets, employees. Knowing that providing a better workplace will have a positive impact on engagement, EM Services looked to technology for a solution to measure and analyse employee feedback in real-time... Read more
JAKA Tokopedia has raised $1.1 billion in its latest financing round from Softbank Vision Fund and Alibaba in 2018. The company also experienced triple growth in the number of its employees in just three years. To date, more than 4,200 Nakama (Tokopedia’s employees) work at Tokopedia. As part of this exciting growth, Tokopedia recognized the need for a solution for monitoring employee engagement and alignment with the company’s value-based culture in real-time... Read the English version | Read the Bahasa version
Love, Bonito, Singapore’s largest home-grown women‘s fashion brand has announced a partnership with EngageRocket, the leading Asian employee engagement software provider. With a current team of 150 employees and a strong online and retail presence across Singapore, Malaysia, Indonesia and Cambodia, Love, Bonito needed a single source of truth to make better people decisions based on real-time data... Read more
