93% Singaporeans prefer to work in international companies for career growth

SINGAPORE: A recent report by Globalization Partners, titled “Global Growth Report: The Rise of the Everywhere Workforce,” has unveiled that an overwhelming 93% of Singaporeans prefer global corporations for career growth, as reported by Singapore Business Review. This preference is further emphasised among job seekers, with 90% believing that companies actively recruiting internationally offer a more promising avenue for advancing their professional careers.

The report identifies three key factors driving Singaporeans towards international companies.

• 62% are enticed by the prospect of better pay and benefits.
• 52% are drawn to opportunities for travel or working abroad.
• 53% value the chance to be part of a culturally diverse work environment.

In addition to personal career advancement, Singaporeans perceive global companies as excelling in various aspects of business practices.

The majority (61%) believe these corporations are adept at generating and supporting international clients. Furthermore, 59% associate them with adopting and implementing the latest technology and tools, while 52% feel they attract top talent effectively.

Addressing the challenges of working within global teams, the report indicates that for positions requiring collaboration across multiple time zones, 90% of respondents consider clear boundaries as a non-negotiable. Notably, 46% advocate scheduling team meetings that accommodate as many time zones as possible, emphasising inclusivity and convenience.

Leadership expectations within global companies were also highlighted. More than half (53%) of respondents expect leaders to ensure company updates are sensitive to different time zones and languages. Moreover, 52% of respondents expressed that companies should offer cultural sensitivity training for their staff, and 49% noted the significance of leaders conducting in-person visits to all global regions.

When it comes to leadership qualities, Singaporeans value adaptability and flexibility the most (63%), with cross-cultural communication next (59%). Creativity, problem-solving skills, empathy, and compassion received a noteworthy 57% endorsement.

Commenting on the findings, Charles Ferguson, General Manager of G-P Asia Pacific, stressed the importance of businesses adopting a global mindset. He noted, “In light of the prevailing workforce and talent crunch, it is essential for businesses to adopt a global mindset to thrive and scale in this environment.”

Mr Ferguson highlighted the significance of thinking beyond geographical boundaries and fostering a workplace culture that encourages international collaboration, positioning businesses in Singapore for sustainable growth and success in an increasingly interconnected world. /TISG