Singapore's Ministry of Manpower (MOM) released its Conditions of Employment 2018 report on 16 January 2019, stressing the importance and impact of workplace practices on staff turnover.
In ranking the workplace practices that impact staff resignation rate the most, it was revealed that flexible work arrangements had the greatest impact, followed by annual leave entitlement, work week patterns, non-statutory leave, and sickness absenteeism with the least significant impact.
Trends in the impact on resignation rate by the first four conditions (from most impactful to least impactful) were detailed as follows:
#1 The greater the work flexibility, the lesser the chance of resignations
- According to the report, more establishments are offering flexible work arrangements, and in greater variety.
- Per the ranking results, having flexible work arrangements that accommodated and provided employees with flexibility played a key role in reducing employees' tendency to resign.
- This was especially so for employees with important commitments, for instance family responsibilities. In turn, companies can retain and attract employees, thus getting to tap on a wider pool of talents.
The report was built mostly on data from the Conditions of Employment Survey 2018. conducted by the Manpower Research and Statistics Department and covering establishments from both the private (each with at least 25 employees) and the public sector. A total of 3,700 establishments employing 1,301,400 employees responded, yielding a response rate of 91.4%.
Lead image / 123RF
Infographics / MOM