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More senior execs to focus on flexible working strategies

More senior executives will focus on flexible working strategies in the next three years to meet changing demands of the workforce.
The Business Times - November 28, 2012
By: Zeinab Yusuf Saiwalla
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More senior execs to focus on flexible working strategies

MORE senior executives will focus on flexible working strategies in the next three years to meet changing demands of the workforce, a global study commissioned by KPMG found.

Almost one-third (30 per cent) of senior executives polled in Singapore said supervising such workforce will be the primary focus, up sharply from the 11 per cent who ranked flexible working conditions as their top concern between 2010 and 2012.

"Business leaders are accepting that we operate in a global, borderless workplace and there is a wide diversity of talents with a plethora of work arrangements," said Miranda Lee, director of people and change management at KPMG Singapore.

The report, titled Rethinking Human Resources in a Changing World, attributed the change in attitude towards flexible working conditions to globalisation, which has brought about more talent flow and increased working across borders.

To keep up with the changing demands of a global workforce, companies are incorporating more virtual ways of working, the study found. More than 70 per cent of respondents here noted an increase in video-conferencing and the hiring of temporary or contract workers.

The report also revealed that executives in Singapore foresee fundamental changes in the human resource (HR) function of organisations. Some 70 per cent believe that HR will become outsourced, while about 67 per cent believe HR's role will shrink.

Said Ms Lee: "The business landscape is now different. Gen-Y workers, also known as Linksters in the marketplace, require a new approach. It is high time for the HR function to play a leadership role in this relentless quest for talent."

The survey polled 418 executives.

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