Organizational Agility amid COVID-19 gloom helped DBS Bank, NETS and Park Hotel win Kincentric’s Best Employers 2020 accolade

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Mobile Banking USSD Codes For All Banks in Nigeria and how to use them

The introduction of USSD codes (Unstructured Supplementary Service Data) has changed the Nigerian banking system completely. Today, mobile banking...

Here is a list of all Microfinance Banks’ USSD Codes in Nigeria.

A Microfinance bank is a type of bank that offers small loans, or microloans, to individuals, entrepreneurs and small...
- Advertisement -

DBS also emerged as a Best Employer in Asia Pacific for the fifth consecutive time, joined by Olam International this year.

 

SINGAPORE – Media OutReach – 15 December 2020 – DBS Bank, NETS, and Park Hotel have
emerged as Singapore’s Best Employers in 2020, according to Kincentric‘s
Best Employer program that measures and recognizes extraordinary employers demonstrating
workplace excellence.

 

DBS
was also named Best Employer in 2020 for the fifth time in Asia Pacific, joined
by Olam International who bagged the accolade for the first time. Both
organizations achieved an exemplary score across all Best Employers indices in
Employee Engagement, Organizational Agility, Engaging Leadership & Talent
Focus, that placed them in the top quartile range for regional employers.

- Advertisement -

 

Companies were evaluated on four key areas, namely — ‘Employee
Engagement’, ‘Organizational Agility’, ‘Engaging Leadership’, and ‘Talent Focus’.
A certified Best Employer organization will have its ‘Employee Engagement’ score
on par or better than the top quartile companies with two out of the three of other
factors (i.e. ‘Organizational Agility’, ‘Engaging Leadership’ and ‘Talent Focus’)
falling within the range.

 

Agility Dividend Pays Off for Top Companies

- Advertisement -

 

Of the criteria covered in the Kincentric study, ‘Organizational Agility’ was
found to be a key factor that enabled Singapore employers who are in the top
quartile to do exceptionally well. Such firms, were found to perform 14% better
on ‘Organizational Agility’, demonstrating that the ability to make rapid tactical
shifts in business decisions and people strategy amid a prolonged period of
uncertainty such as the COVID-19 pandemic, mattered the most for their
employees.

 

Andrew How,
Market Leader at Kincentric Singapore, said “The need for speed has never been
greater and in a period where many businesses had to adjust and adapt to the
new normal, our Best Employers have proven that they are able to accelerate
their decision making to remain agile and are always responsive to any
unexpected changes. Beyond that, the ability to manage change nimbly,
demonstrates a change-ready culture that is entrenched within the companies,
where employees trust the leaders, are inspired by their vision, and feel
equally engaged in driving future success in the face of disruption. Organizational
agility, especially in the form of management preparedness will remain a key focus
for years to come as they embark on a new workplace transformation.”

Read Also:  Top Guns Join REBEL Fighting Championship
- Advertisement -

 

Read Also:  Top Guns Join REBEL Fighting Championship

An open culture
and mindset nurtured by a resilient and engaging leadership were also found to accentuate
change readiness, promoting the generous exchange of ideas, and sets the right
foundation for ‘Organizational Agility’. Additionally, 85% of employees in such
companies based in Singapore, agreed that their organizations have a work
environment that is accepting of diverse backgrounds and perspectives.
Employees also rated their senior leaders 15% higher than other firms for
inspiring them to be excited about the organization’s future.

Top Companies Reskill
and Retrain Employees

 

Top quartile
companies in Singapore were also found to pro-actively retrain and upskill
their workforce, with 78% rating their organizations highly for being
supportive of their learning and development, as compared to 64% at other
companies in helping employees remain adaptable during these uncertain times.

 

“We
would like to congratulate all our winners for displaying extraordinary traits
of employer excellence, especially in an extremely unique and challenging year.
We hope that they, and other organizations will continue to strive for success
as we head into an equally exciting new year,” added Andrew How, Market Leader
at Kincentric Singapore.

About Kincentric

Kincentric,
a Spencer Stuart company, approaches human capital differently — we help you
identify what drives your people, so they can drive your business. Our decades
of expertise in culture and engagement, leadership assessment and development,
and HR and talent advisory services enable us to help organizations change from
the inside. And our global network of colleagues, our proven insights and our
intuitive technologies give us new ways to help organizations unlock the power
of people and teams — fostering change and accelerating success. For more
information, please visit
kincentric.com.

Organizational Agility amid COVID-19 gloom helped DBS Bank, NETS and Park Hotel win Kincentric's Best Employers 2020 accolade

- Advertisement -
Organizational Agility amid COVID-19 gloom helped DBS Bank, NETS and Park Hotel win Kincentric's Best Employers 2020 accolade - Brand SpurOrganizational Agility amid COVID-19 gloom helped DBS Bank, NETS and Park Hotel win Kincentric's Best Employers 2020 accolade - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -
Organizational Agility amid COVID-19 gloom helped DBS Bank, NETS and Park Hotel win Kincentric's Best Employers 2020 accolade - Brand SpurOrganizational Agility amid COVID-19 gloom helped DBS Bank, NETS and Park Hotel win Kincentric's Best Employers 2020 accolade - Brand Spur

Latest News

PFAs Increase Investments in FGN Bonds by N935 Bn to N6.64 Trn in 9 Months…

Freshly released report on pension fund assets by National Pension Commission (NPC) showed that the total value of pension...

Insight Redefini Appoints Group Creative Director

Insight Redefini Group, a member of Troyka Holdings has deployed Sinmisola Hughes-Obisesan to the role of Group Creative Director Insight Redefini, in furtherance of...

Heirs Holdings Significantly Expands Oil and Gas Portfolio

Acquires 45% of OML 17 from Shell, Total and ENI Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P...

OPEC Predicts A Rebound In U.S. Shale

Oil prices fell back on Friday over demand concerns. News that China has reported its highest Covid-19 case count in months weighed on market sentiment. OPEC sees...

Nigeria Inflation: Cost-Push Pressures Stoke Prices All-Year.

Nigeria Inflation soared to a 37-month high of 15.75% (Vetiva:15.91%) in December, driven more recently by festive demand alongside earlier multiple cost-push factors which...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Organizational Agility amid COVID-19 gloom helped DBS Bank, NETS and Park Hotel win Kincentric's Best Employers 2020 accolade - Brand SpurOrganizational Agility amid COVID-19 gloom helped DBS Bank, NETS and Park Hotel win Kincentric's Best Employers 2020 accolade - Brand Spur