Overview

The Singapore HR Challenge: An Overview

Into its 10th year, the Singapore HR Challenge 2017 seeks to engage future leaders, people managers, critical thinkers, and contributors of the new workforce. Its aim is to groom and develop the next generation of people managers and leaders for the HR fraternity. It also aims to showcase innovation and creativity as well as promote progressive HR to the young aspiring leaders of tomorrow.

The theme for the competition is “Preparing for the Millennial Workforce: Are Organisations Ready?

The millennial generation, born between 1980 and 2000, matter because they will make up over a third of the global workforce by 2020.

In Singapore alone, they make up the largest generation of our workforce. Today, there are an estimated 1.2 million millennials, making up 22 percent of the resident population.

Although Millennials will soon outnumber their Generation X (people born between the mid 1960’s and the early 1980’s) predecessors, they remain in short supply.

It is clear that Millennials will be a valuable generation of workers and that those with the right skills will be in high demand. They may be able to command not only creative reward packages by today’s standards, but also influence the way they work and where and how they operate in the workplace.

Attracting, engaging and retaining the best of these millennial workers are critical to the success of any business. Their career aspirations, attitudes about work, and knowledge of new technologies will shape and define the culture of the future workplace.

However, they may also represent one of the biggest challenges that many organisations will face. In fact, CEOs have reported that attracting and keeping younger workers is one of their biggest talent challenges.

Many managers are still uncertain about what Millennials can bring to the table, or whether they can even manage them successfully at all.

It’s important to inform and educate employers on how to maximize the Millennial workforce — and how they can leverage them in a way that not only yields results, but catapults an organization into bigger and brighter things in the years to come.

This year’s Singapore HR Challenge explores the theme, “Preparing for the Millennial Workforce: Are Organisations Ready?” in an aim to allow participants to study, analyse and propose how organisations can start adapting and refining their corporate culture to appeal to the Millennial Workforce for continued success.

Click here to view the Singapore HR Challenge 2017 Information Kit