Almost 1 in 4 firms in Singapore still shun innovation: survey

While 9 in 10 firms drive and reward innovation.

While technological breakthroughs make innovation a necessity, a surprising number of workers (24%) still believe their organisations do not encourage innovation at all, according to the latest Hudson Report.

In fact, the report added that only 70% of employees say their organisations encourage innovation, suggesting that employers are more confident than their people.

“The report also found that a vast majority (89%) of Singapore professionals surveyed are currently either actively or passively looking for jobs. Hudson suggests that this may be linked to the innovation gap,” the report noted.

According to Tulika Tripathi, managing director of Hudson Asia, Singapore employees increasingly want to be a part of something they see as innovative, funky, or game-changing.

“Many desire to work for companies like Facebook, LinkedIn or Lego, not necessarily as innovators themselves but as part of a company that is seen as innovative,” the report added.

“The Hudson Report also tracked hiring intentions in Singapore, and found that more than four in 10 hiring managers (43.5%) are looking to increase their permanent headcount over the next six months – more than seven percentage points (pp) higher than the latter half of 2015 (35.9%),” the report said.