By hiring fairly and based on merit, you are assured that you have access to the widest pool of candidates. This is especially important as Singapore’s local workforce is declining. There is a need to tap on older workers and women to fill the labour shortage.
When you attract, retain and develop employees based on their merit, ability and skill, you ensure that the best available person gets the job. In this way, you maximise the abilities and potential of employees as well as help to raise their morale and reduce turnover.
Organisations that adopt fair employment practices are better able to attract talent from different backgrounds, leading to the formation of a diverse workforce. A diverse workforce is beneficial to increasing innovation and creativity within your organisation, resulting in new and different ideas, products and solutions.
A diverse workforce comprising different backgrounds such as age, gender and race will help your organisation better understand the needs of the different customers and market segments.
A diverse workforce has its advantages, especially during festive and holiday periods where organisations are able to minimise scheduling conflicts. By employing people from diverse ethnicities, you will have more flexibility in maintaining the right staff levels during the different festive holidays.
Organisations that gain a reputation for embracing fair employment practices will find it easier to attract and recruit employees. They will also enjoy a good reputation, which helps to create a positive impact on sales and customer satisfaction levels.