-Singapore has a small and limited work force -Some sectors with human resource shortage - Human resources in Singapore are expensive - Professional and Skilled - Reliable –not subjected to riots and strikes -Lack of creativity and passion - Affected deeply by Confucianism. -Multi-Racial harmony
Unique human resource practices
No.1 - Hiring foreign workers to a very large extent. (In sense of a country’s action)
Singapore statistic in hiring foreign workers, is way higher than any of the other country. This makes a unique way of human resource practice.
The ratio of job vacancies to unemployed persons in Singapore is now 0.8. Due to the limited size of its workforce and low unemployment rates, most industries have reported difficulty in recent years in recruiting workers, particularly in the lower level service sector and among production and semi-skilled workers in small-to-medium-sized companies. The construction sector has typically felt this lack of workers the most.
As we need labour force to sastify the need of human resource in Singapore, our government took in a lot of foreign workers. Eventually, leading Singapore economy to a greater heights.
No.2 - Hiring Foreign Talents (In sense of a company’s action) Normally, in other countries, their local talents are given priority to available jobs in their country. However, this is not the scenario in Singapore. The uncommon thing here is that companies in Singapore hire foreign talents in place of its local talents. This is another unique practice of human resource in Singapore. As human resources in Singapore is expensive, companies choose foreign talents over local talents to lower cost of production. Furthermore, these foreign talents in terms of quality, may not lose to local talents. This is also partly because of the incapability of our government in terms of safeguarding the job position for Singaporeans.
It is not until recent years, in the face of growing public sentiment against opening the country's doors any wider, government officials are thus reluctant to admit or recruit more foreign personnel
No.3 - using contract as a mean to bound its workers. The labour turnover rate in Singapore is considered quite high. Therefore, as a mean to bound this workers to their jobs, it is a common human resource practice to form contracts with the workers.
No.4 - Multi -Racial working in an environment. As there are several races that live in harmony with each other in Singapore, multi racial working in a same working environment is commonly seen. However this is not the common case worldwide. Having a few race of people working under the same environment is actually a unique human resource practice in Singapore.
No.5 - Business Culture As Singapore is 76% dominated by Chinese descendents, the business culture here are affected by Confucianism. Therefore, it is a common human resource practice for Chinese dominated countries to hire people that follows obey and follow the system of Confucianism.
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