‘Compensation not enough:’ Businesses need to address wellness for hybrid working in 2023

Hybrid work is weighing on workers’ productivity and mental health.

In recent years, there has been a shift towards more flexible and hybrid working models in order to improve work-life integration and employee productivity but it isn’t exactly what is happening.

Human resource expert, Randstad, observed that remote work took a toll on workloads and communication of employees.

To address these obstacles, companies tapped financial aid and mental health leaves. But this isn’t sufficient to retain talent and make sure workers are feeling fulfilled.

With this, Randstad advised that it is important for companies to prioritise the mental well-being of their employees as well.

Upskilling

There is a commitment in Singapore to creating an equitable and inclusive job market, recognizing the value of diversity and promoting healthy workplace dynamics, Randstad said. 

To enhance employer brand and create a positive employee experience, it advised that firms should focus on building a flexible and agile workforce, with a focus on learning and development. 

The responsibility for upskilling and reskilling the workforce should not just lie with management, but should also involve line managers who are familiar with the skills gaps and needs of their teams, it added.

ESG, data security

Introducing self-service options and other digitisation improved services of industries such as banking and finance. 

But such tactics still need to have a strong focus on data security and protection to combat fraud and scams. 

Singaporean firms are also committed to meeting the country's goals for environmental, social, and governance (ESG) and building a top talent hub through initiatives such as the ONE pass visa scheme. 

This will help attract high-level talent and leaders to the country and create opportunities for the local workforce through knowledge transfer and the creation of innovative learning ecosystems.