AgileHRO Unveils Key Trends Shaping the Future of Work in Asia-Pacific

FOR IMMEDIATE RELEASE

Singapore – February 28, 2024 – AgileHRO, a leading provider of innovative HR solutions, has released its latest outlook for 2024, focusing on the transformation of work in the Asia-Pacific (APAC) region. This outlook highlights how Asia is emerging as a global leader in embracing innovation, flexibility, and cross-border collaboration, paving the way for exciting shifts in the workplace.

From Copiers to Creators: Embracing Innovation

While the global shift towards creativity and problem-solving is evident, APAC is setting the pace. Unlike the slower transition seen in the US, countries like China and India are expected to contribute 50% of global GDP by 2040, according to a report by McKinsey & Company. This means APAC companies are automating routine tasks at a faster rate and upskilling their workforce for roles requiring critical thinking, digital fluency, and problem-solving, giving them a distinct competitive edge.

Singapore's 50% job transformation rate by 2025, mentioned in LinkedIn's Jobs on the Rise Report, underscores the urgency for innovation-driven skill development. Companies like Alibaba, Tencent, and Huawei are leading the way, investing heavily in R&D and fostering vibrant cultures of innovation.

The Rise of the Hybrid Workforce: Bridging the Physical and Digital

Remote work isn't just a trend; it's a reality in Asia. A recent M Moser Associates survey reveals that 45% of Asian employees prefer a hybrid model, significantly higher than the global average (37%). Companies like Fujitsu ("smart work" policy) and Grab ("flexible work" program) are proactively responding to this preference, allowing employees to choose their work environment and attracting top talent in a competitive market.

However, seamless integration of remote and onsite teams, employee engagement challenges, and navigating legal and logistical hurdles remain crucial considerations.

Blending Tech and Humanity: Skills for the Future

As automation and AI redefine job roles, a blended skillset becomes crucial. The World Economic Forum highlights the value of analytical thinking and design/user experience in Asia. AgileHRO predicts a rising demand for skills such as data analysis, problem-solving, and digital communication, coupled with empathy, emotional intelligence, and the ability to build human connections. This focus on "soft skills" alongside technical expertise positions Asian workforces to excel in an environment where building human connections and adapting to change are key.

Reimagining Talent Acquisition: A Global Search for Expertise

The intense competition for talent in Asia is pushing companies to think beyond national borders. With 90% of the APAC workforce open to remote or hybrid work arrangements (as per PWC Asia Pacific’s Time report), talent pools are expanding. Singapore, for example, known for its diverse talent and vibrant startup ecosystem, attracts tech talent from across the region. Companies like Sea Group and Razer leverage this pool effectively. AgileHRO predicts a rise in "borderless talent acquisition", where companies utilize remote work flexibility and invest in reskilling and upskilling programs to attract and retain top talent, bridging the skills gap and future-proofing the workforce.

Wellbeing Takes Center Stage: Prioritizing Mental Health

Compared to other regions, Asia experiences significantly higher rates of low work productivity, anxiety, and depression. This highlights a "growing concern" of workplace well-being in the region. With a work productivity score of 47.2 out of 100 (compared to 66.7 for the U.S. and 60.1 for Europe), as reported by TELUS Health, mental health is a rising concern in Asia. Organizations that prioritize employee well-being will have a competitive edge. Implementing flexible work arrangements, offering mental health resources, and fostering a culture of open communication are key to creating a supportive work environment. For example, Certis' 2022 Employee Assistant Programme provides mental health resources and support to all employees and their families.

"Remember, this is just the beginning," says Jamie Haerewa, CEO at AgileHRO. "By understanding these trends and proactively preparing, businesses can thrive in the exciting and complex landscape of the future of work in Asia. AgileHRO is committed to empowering businesses in APAC to navigate these transformative times by providing innovative HR solutions, talent management expertise, and global workforce development strategies."

Visit the AgileHRO website today to explore resources on talent management, skills development, and building a global workforce to gain further insights and navigate this transformative journey.

About AgileHRO

AgileHRO is a leading provider of innovative HR solutions, empowering organizations to build, manage, and engage a global workforce. With a deep understanding of the evolving talent landscape, AgileHRO offers a comprehensive suite of services including employer of record, global payroll, global mobility, and recruitment solutions.